Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
This circular modifies the framework for valuation of investment portfolios of Alternative Investment Funds (AIFs). Key changes include: Valuation of securities covered under SEBI (Mutual Funds) Regulations to follow MF norms. Unlisted, non-traded, and thinly traded securities to follow valuation guidelines endorsed by AIF industry associations representing at least 33% of registered AIFs, considering SEBI's advisory committee recommendations. Harmonization of valuation norms for thinly traded and non-traded securities across SEBI-regulated entities by March 31, 2025. Changes in valuation methodology to comply with AIF valuation guidelines not considered 'Material Change'. Eligibility criteria for independent valuers specified. Timeline for reporting valuations based on audited data extended to seven months. Compliance test report to include adherence to this circular. The circular aims to provide a consistent and standardized approach for AIFs' portfolio valuation.
This circular modifies the framework for valuation of investment portfolios of Alternative Investment Funds (AIFs). Key changes include: Valuation of securities covered under SEBI (Mutual Funds) Regulations to follow MF norms. Unlisted, non-traded, and thinly traded securities to follow valuation guidelines endorsed by AIF industry associations representing at least 33% of registered AIFs, considering SEBI's advisory committee recommendations. Harmonization of valuation norms for thinly traded and non-traded securities across SEBI-regulated entities by March 31, 2025. Changes in valuation methodology to comply with AIF valuation guidelines not considered 'Material Change'. Eligibility criteria for independent valuers specified. Timeline for reporting valuations based on audited data extended to seven months. Compliance test report to include adherence to this circular. The circular aims to provide a consistent and standardized approach for AIFs' portfolio valuation.
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