Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
The circular exempts jointly held Mutual Fund folios from the requirement of nomination, as per Clause 17.16 of the Master Circular. Failure to nominate by June 30, 2024, for individual unit holders would freeze folios for debits. The decision aims to simplify compliance and reduce costs. Other nomination provisions remain unchanged. Issued u/s 11(1) of SEBI Act, 1992, and Regulations 29A and 77 of SEBI (Mutual Funds) Regulations, 1996, to protect investor interests and regulate the securities market. Circular available on SEBI website. Signed by Peter Mardi, Deputy General Manager, Investment Management Department.
The circular exempts jointly held Mutual Fund folios from the requirement of nomination, as per Clause 17.16 of the Master Circular. Failure to nominate by June 30, 2024, for individual unit holders would freeze folios for debits. The decision aims to simplify compliance and reduce costs. Other nomination provisions remain unchanged. Issued u/s 11(1) of SEBI Act, 1992, and Regulations 29A and 77 of SEBI (Mutual Funds) Regulations, 1996, to protect investor interests and regulate the securities market. Circular available on SEBI website. Signed by Peter Mardi, Deputy General Manager, Investment Management Department.
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