Group exposure limits: excess debt holdings grandfathered to maturity; AMCs and AMFI must publish and quarterly disclose lists. The circular revises rules on group exposure by allowing investments in excess of prescribed limits made on or before October 1, 2019 to be grandfathered only until the instruments' maturity as applicable on that date, and requires AMCs to publish lists of their group companies while AMFI must publish a consolidated list with group identifiers and sector classification; these disclosures are to be updated on the first working day of each calendar quarter beginning January 1, 2020.
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.
Group exposure limits: excess debt holdings grandfathered to maturity; AMCs and AMFI must publish and quarterly disclose lists.
The circular revises rules on group exposure by allowing investments in excess of prescribed limits made on or before October 1, 2019 to be grandfathered only until the instruments' maturity as applicable on that date, and requires AMCs to publish lists of their group companies while AMFI must publish a consolidated list with group identifiers and sector classification; these disclosures are to be updated on the first working day of each calendar quarter beginning January 1, 2020.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
