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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Circular: Employee Benefit Trusts Get Relaxations; InvITs Must Follow New Reporting Formats and Distribution Timelines.</h1> The circular from SEBI provides relaxations for units allotted to an employee benefit trust under a unit-based employee benefit scheme, exempting them from certain lock-in and allotment restrictions. It mandates the Bharat InvITs Association to specify the format for quarterly reports and compliance certificates for InvITs. Additionally, it aligns distribution timelines for InvITs, requiring unclaimed amounts to be transferred to an Unpaid Distribution Account. The circular is effective immediately and aims to streamline processes and ensure compliance with updated InvIT regulations.
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