Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The circular mandates Alternative Investment Funds (AIFs) to conduct an annual audit of compliance with the Private Placement Memorandum (PPM) as per SEBI (AIF) Regulations, 2012. A standardized reporting format for PPM Audit Report has been introduced for various AIF categories in consultation with the Standard Setting Forum for AIFs (SFA). AIFs must submit the PPM audit reports to SEBI online through the SEBI Intermediary Portal (SI Portal) within 6 months from the end of the Financial Year. Optional audit sections include 'Risk Factors', 'Legal, Regulatory and Tax Considerations', 'Track Record of First Time Managers', 'Illustration of Fees and Expenses', and 'Glossary and Terms'. The reporting requirements are effective for the Financial Year ending March 31, 2024 onwards. The circular is issued u/s 11(1) of the Securities and Exchange Board of India Act, 1992 to safeguard investor interests and regulate the securities market. The reporting format will be periodically reviewed and
The circular mandates Alternative Investment Funds (AIFs) to conduct an annual audit of compliance with the Private Placement Memorandum (PPM) as per SEBI (AIF) Regulations, 2012. A standardized reporting format for PPM Audit Report has been introduced for various AIF categories in consultation with the Standard Setting Forum for AIFs (SFA). AIFs must submit the PPM audit reports to SEBI online through the SEBI Intermediary Portal (SI Portal) within 6 months from the end of the Financial Year. Optional audit sections include 'Risk Factors', 'Legal, Regulatory and Tax Considerations', 'Track Record of First Time Managers', 'Illustration of Fees and Expenses', and 'Glossary and Terms'. The reporting requirements are effective for the Financial Year ending March 31, 2024 onwards. The circular is issued u/s 11(1) of the Securities and Exchange Board of India Act, 1992 to safeguard investor interests and regulate the securities market. The reporting format will be periodically reviewed and
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