Registration requirement for alternative investment funds and business trusts: operation permitted only after SEBI issues a registration certificate under regulations. No person may sponsor or operate an alternative investment fund or a business trust, as defined in clause (13A) of section 2 of the Income tax Act, 1961, unless the Securities and Exchange Board of India grants a certificate of registration under regulations made under the SEBI Act; this requirement is inserted as sub section (1C) of section 12 and takes effect from 1st April, 2021.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration requirement for alternative investment funds and business trusts: operation permitted only after SEBI issues a registration certificate under regulations.
No person may sponsor or operate an alternative investment fund or a business trust, as defined in clause (13A) of section 2 of the Income tax Act, 1961, unless the Securities and Exchange Board of India grants a certificate of registration under regulations made under the SEBI Act; this requirement is inserted as sub section (1C) of section 12 and takes effect from 1st April, 2021.
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