Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
SEBI specifies that a benchmark or index based on listed securities will be treated as a 'Significant Index' where the daily average cumulative mutual fund AUM tracking it exceeds Rs. 20,000 crore for each of the preceding six months, reviewed every 30 June and 31 December. An index placed on the list remains there until it fails the threshold for three continuous years. Index providers of listed Significant Indices must apply for registration with SEBI within six months, unless all such indices are RBI-notified Significant Benchmarks or Authorized Benchmarks. Existing providers may continue for six months pending registration, and entities also carrying on other SEBI-registered business must create a separate legal entity within two years. Grievance redressal applies only to Significant Indices provided by SEBI-registered index providers.
SEBI specifies that a benchmark or index based on listed securities will be treated as a 'Significant Index' where the daily average cumulative mutual fund AUM tracking it exceeds Rs. 20,000 crore for each of the preceding six months, reviewed every 30 June and 31 December. An index placed on the list remains there until it fails the threshold for three continuous years. Index providers of listed Significant Indices must apply for registration with SEBI within six months, unless all such indices are RBI-notified Significant Benchmarks or Authorized Benchmarks. Existing providers may continue for six months pending registration, and entities also carrying on other SEBI-registered business must create a separate legal entity within two years. Grievance redressal applies only to Significant Indices provided by SEBI-registered index providers.
Note: It is a system-generated summary and is for quick reference only.
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