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 mandates that the key investment team of an Alternative Investment Fund (AIF) manager must have at least one key personnel with a specified certification. The certification requirement, u/s Regulation 4(g)(i) of SEBI (AIF) Regulations, 2012, came into force on May 10, 2024. The key personnel must pass the NISM Series-XIX-C exam. Existing AIF schemes and pending scheme applications must comply by May 9, 2025. The trustee/sponsor must ensure compliance and include it in the Compliance Test Report. The circular is u/s Section 11(1) of SEBI Act, 1992, to safeguard investor interests and regulate the securities market.
The circular mandates that the key investment team of an Alternative Investment Fund (AIF) manager must have at least one key personnel with a specified certification. The certification requirement, u/s Regulation 4(g)(i) of SEBI (AIF) Regulations, 2012, came into force on May 10, 2024. The key personnel must pass the NISM Series-XIX-C exam. Existing AIF schemes and pending scheme applications must comply by May 9, 2025. The trustee/sponsor must ensure compliance and include it in the Compliance Test Report. The circular is u/s Section 11(1) of SEBI Act, 1992, to safeguard investor interests and regulate the securities market.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
