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Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The regulator amends the Investor Protection and Education Fund Regulations, 2009 to add a new clause (la) in regulation 4 to include monies transferred under clause (c) of sub-regulation (3) of regulation 38B of the Delisting of Equity Shares Regulations, 2021. Consequentially, regulation 5(3) is revised to update cross-references so that clauses in sub-regulation (1) reflect inclusion of the new clause (la). The amendments take effect on publication in the Official Gazette.
The regulator amends the Investor Protection and Education Fund Regulations, 2009 to add a new clause (la) in regulation 4 to include monies transferred under clause (c) of sub-regulation (3) of regulation 38B of the Delisting of Equity Shares Regulations, 2021. Consequentially, regulation 5(3) is revised to update cross-references so that clauses in sub-regulation (1) reflect inclusion of the new clause (la). The amendments take effect on publication in the Official Gazette.
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