Registration requirement for alternative investment funds and business trusts: SEBI certificate mandatory before sponsoring or carrying on activities. The amendment mandates that no person shall sponsor or carry on the activity of an alternative investment fund or a business trust as defined by the tax-law provision unless a certificate of registration is granted by the Board in accordance with regulations under the Act, making prior Board registration a condition precedent to sponsoring or conducting those activities.
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: SEBI certificate mandatory before sponsoring or carrying on activities.
The amendment mandates that no person shall sponsor or carry on the activity of an alternative investment fund or a business trust as defined by the tax-law provision unless a certificate of registration is granted by the Board in accordance with regulations under the Act, making prior Board registration a condition precedent to sponsoring or conducting those activities.
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