Reopening Assessments invalid where satisfaction and jurisdictional approval are absent for third party seized material, leading to quashing of assess...
Benami property exclusion from the insolvency estate: Benami Act proceedings preclude IBC tribunals from reopening attachments or treating such assets...
Exclusion of limitation period: pandemic suspension plus debtor acknowledgement can extend limitation, requiring fresh factfinding on guarantee invoca...
Clause 2.6 of the Master Circular is superseded to prescribe uniform categories, characteristics and nomenclature for mutual fund schemes (Equity, Debt, Hybrid, Life Cycle and Other schemes) and to require scheme-level conformity within six months. The circular prescribes minimum asset-allocation thresholds, permitted residual investments, portfolio-overlap limits and a quarterly overlap computation methodology with phased realignment for sectoral/thematic schemes. It discontinues Solution Oriented Schemes, prescribes Life Cycle Fund glide paths, caps on FoF underlying exposures and standardised FoF categorisation, requires true-to-label naming and monthly public disclosure of category-wise portfolio overlap on AMC websites.
Clause 2.6 of the Master Circular is superseded to prescribe uniform categories, characteristics and nomenclature for mutual fund schemes (Equity, Debt, Hybrid, Life Cycle and Other schemes) and to require scheme-level conformity within six months. The circular prescribes minimum asset-allocation thresholds, permitted residual investments, portfolio-overlap limits and a quarterly overlap computation methodology with phased realignment for sectoral/thematic schemes. It discontinues Solution Oriented Schemes, prescribes Life Cycle Fund glide paths, caps on FoF underlying exposures and standardised FoF categorisation, requires true-to-label naming and monthly public disclosure of category-wise portfolio overlap on AMC websites.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
