Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
SEBI amended the securitised debt instruments and security receipts regulations to tighten governance and disclosure requirements. Where the originator is RBI-regulated, the special purpose distinct entity may have only one board representative from that originator, and the representative has no veto power. The amendment also bars a special purpose distinct entity from acquiring debt or receivables from an originator that is in the same group as, or under the same control as, the trustee. Several provisions replace references from "originator" to "servicer," expand the circumstances for action or direction in investors' interest, substitute trustee-related wording in the event of suspension or cancellation, and add concentration risk from single asset securitisation to Schedule V.
SEBI amended the securitised debt instruments and security receipts regulations to tighten governance and disclosure requirements. Where the originator is RBI-regulated, the special purpose distinct entity may have only one board representative from that originator, and the representative has no veto power. The amendment also bars a special purpose distinct entity from acquiring debt or receivables from an originator that is in the same group as, or under the same control as, the trustee. Several provisions replace references from "originator" to "servicer," expand the circumstances for action or direction in investors' interest, substitute trustee-related wording in the event of suspension or cancellation, and add concentration risk from single asset securitisation to Schedule V.
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