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...
SEBI has amended the Master Circular for Infrastructure Investment Trusts (InvITs) with two key modifications. First, the lock-in provisions for preferential issue of units have been revised to align with Regulation 12(3) of InvIT Regulations, requiring 15% of units allotted to sponsor(s) and sponsor group(s) to be locked-in for three years (25% if the sponsor is not the project manager). Additionally, inter-se transfers of locked-in units among sponsor group entities are now permitted subject to continuing lock-in requirements. Second, SEBI has introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, including filing requirements, disclosure standards, and listing procedures. These amendments took immediate effect on March 28, 2025.
SEBI has amended the Master Circular for Infrastructure Investment Trusts (InvITs) with two key modifications. First, the lock-in provisions for preferential issue of units have been revised to align with Regulation 12(3) of InvIT Regulations, requiring 15% of units allotted to sponsor(s) and sponsor group(s) to be locked-in for three years (25% if the sponsor is not the project manager). Additionally, inter-se transfers of locked-in units among sponsor group entities are now permitted subject to continuing lock-in requirements. Second, SEBI has introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, including filing requirements, disclosure standards, and listing procedures. These amendments took immediate effect on March 28, 2025.
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