PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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The circular clarifies conditions under amended Regulation 9C of the SEBI (Debenture Trustees) Regulations, 1993 for debenture trustees undertaking activities outside SEBI's purview. Such activities must be fee-based, non-fund based, financial-services related, and carried out on an arm's length basis through ring-fenced Separate Business Units with Chinese Walls, distinct staff, records, grievance mechanisms, and segregated marketing. Debenture trustees must disclose non-SEBI-regulated activities, absence of SEBI investor protection, and, where applicable, identify the relevant financial sector regulator, obtaining stakeholder acknowledgments. Existing arrangements require retrospective disclosures and confirmations within six months and half-yearly compliance reporting. RBI-regulated entities must conduct debenture trustee activities only through SBUs.
The circular clarifies conditions under amended Regulation 9C of the SEBI (Debenture Trustees) Regulations, 1993 for debenture trustees undertaking activities outside SEBI's purview. Such activities must be fee-based, non-fund based, financial-services related, and carried out on an arm's length basis through ring-fenced Separate Business Units with Chinese Walls, distinct staff, records, grievance mechanisms, and segregated marketing. Debenture trustees must disclose non-SEBI-regulated activities, absence of SEBI investor protection, and, where applicable, identify the relevant financial sector regulator, obtaining stakeholder acknowledgments. Existing arrangements require retrospective disclosures and confirmations within six months and half-yearly compliance reporting. RBI-regulated entities must conduct debenture trustee activities only through SBUs.
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