Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
SEBI's updated Master Circular for Mutual Funds aligns operational requirements with the SEBI (Mutual Funds) Regulations, 2026, effective 1 April 2026, and rescinds specified earlier circulars to the extent applicable to the mutual fund industry. It consolidates filing, disclosure, scheme categorisation, benchmark, valuation, risk management, governance, trading, and reporting requirements for mutual funds and AMCs, while preserving actions taken and rights, obligations, liabilities, and proceedings arising under rescinded circulars. It also requires periodic or continuous reporting by regulated entities, and confirms that mutual fund-specific directions continue to apply alongside other law. The circular replaces the June 27, 2024 Master Circular for Mutual Funds.
SEBI's updated Master Circular for Mutual Funds aligns operational requirements with the SEBI (Mutual Funds) Regulations, 2026, effective 1 April 2026, and rescinds specified earlier circulars to the extent applicable to the mutual fund industry. It consolidates filing, disclosure, scheme categorisation, benchmark, valuation, risk management, governance, trading, and reporting requirements for mutual funds and AMCs, while preserving actions taken and rights, obligations, liabilities, and proceedings arising under rescinded circulars. It also requires periodic or continuous reporting by regulated entities, and confirms that mutual fund-specific directions continue to apply alongside other law. The circular replaces the June 27, 2024 Master Circular for Mutual Funds.
Note: It is a system-generated summary and is for quick reference only.