Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
The GARUDA mechanism permits Regular AIF schemes to launch 10 working days after filing their placement memorandum (PPM), unless otherwise advised; first schemes may launch only after both registration and the filing period requirements are met. Regular-scheme PPMs require merchant banker due diligence, prescribed declarations and disclosures, with the manager and merchant banker responsible for accuracy and compliance. AI-only funds and LVFs may launch immediately upon PPM filing, while Angel Funds may circulate PPMs from registration; these categories file CEO and compliance officer undertakings instead of merchant banker certification. Their PPM changes are filed directly with SEBI. PPM submission does not constitute SEBI approval, and specified scheme names must identify AI-only funds or LVFs.
The GARUDA mechanism permits Regular AIF schemes to launch 10 working days after filing their placement memorandum (PPM), unless otherwise advised; first schemes may launch only after both registration and the filing period requirements are met. Regular-scheme PPMs require merchant banker due diligence, prescribed declarations and disclosures, with the manager and merchant banker responsible for accuracy and compliance. AI-only funds and LVFs may launch immediately upon PPM filing, while Angel Funds may circulate PPMs from registration; these categories file CEO and compliance officer undertakings instead of merchant banker certification. Their PPM changes are filed directly with SEBI. PPM submission does not constitute SEBI approval, and specified scheme names must identify AI-only funds or LVFs.
Note: It is a system-generated summary and is for quick reference only.
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