<h1>Transparency in fund holdings: petition urged mandatory public disclosure of AIF and FPI portfolios; regulator asked to consider representation.</h1> Petition sought mandate for public disclosure of ultimate beneficial owners and portfolio holdings of AIFs and FPIs, alleging opacity relative to mutual funds raises risks of market manipulation, money laundering, and tax evasion. The court directed the petitioner to make a detailed representation to the securities regulator and allowed the regulator to consider it in accordance with law, reserving the petitioner's right to legal remedies if the representation is not decided within a reasonable time.