Definition of liquid asset clarified to include cash, overnight mutual funds, bank fixed deposits, government securities and repos. Amendment replaces clause (i) in the Explanation to regulation 28B(1)(d) to define 'liquid asset' as a low risk asset readily convertible to cash, including cash; units of overnight or liquid mutual fund schemes; fixed deposits of scheduled commercial banks; government securities; treasury bills; repo on government securities; and repo on corporate bonds. The amendment is effected under section 30 read with section 11 of the SEBI Act and commences on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Definition of liquid asset clarified to include cash, overnight mutual funds, bank fixed deposits, government securities and repos.
Amendment replaces clause (i) in the Explanation to regulation 28B(1)(d) to define "liquid asset" as a low risk asset readily convertible to cash, including cash; units of overnight or liquid mutual fund schemes; fixed deposits of scheduled commercial banks; government securities; treasury bills; repo on government securities; and repo on corporate bonds. The amendment is effected under section 30 read with section 11 of the SEBI Act and commences on publication in the Official Gazette.
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