Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
SEBI introduces a fast-track mechanism for processing placement memoranda of non-LVF AIF schemes, allowing launch and circulation of the PPM after 30 days of filing, or after grant of registration in the case of a first scheme, subject to compliance with any SEBI comments before launch. The first close must be declared within 12 months from the date the AIF becomes eligible to launch the scheme. The Merchant Banker and AIF Manager are made responsible for the accuracy and completeness of disclosures, and non-LVF PPMs must include prescribed disclaimers and supporting filings on the intermediary portal. The circular applies immediately, including to pending non-LVF PPMs.
SEBI introduces a fast-track mechanism for processing placement memoranda of non-LVF AIF schemes, allowing launch and circulation of the PPM after 30 days of filing, or after grant of registration in the case of a first scheme, subject to compliance with any SEBI comments before launch. The first close must be declared within 12 months from the date the AIF becomes eligible to launch the scheme. The Merchant Banker and AIF Manager are made responsible for the accuracy and completeness of disclosures, and non-LVF PPMs must include prescribed disclaimers and supporting filings on the intermediary portal. The circular applies immediately, including to pending non-LVF PPMs.
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