CHAPTER X LIABILITY FOR ACTION IN CASE OF DEFAULT 143. The Authority may take such action as deemed fit, including suspension or cancellation of registration, against a FME if it :- (a) fails to exercise due diligence or comply with any conditions subject to which a certificate of registration has been granted; (b) contravenes any of the provisions of the Act or rules or regulations or circulars or guidelines or directions or instructions issued thereunder; (... ... ...

142. . The Authority may, after consideration of the inspection report and after giving reasonable opportunity of being heard to the FME and/ or its partner, designated partner, trustee, director, chairperson, CEO, KMPs, and any agent, etc., issue such direction as it deems fit in the interest of financial market or the investors, including directions in the nature of :- (a) requiring FME not to launch new schemes or raise money from investors for a particular period; (b) pr... ... ...

NICDC Holds B2B Meetings with Russian, BRICS Delegates and Investors to Explore Manufacturing Partnerships Union Minister of Commerce and Industry Shri Piyush Goyal and Minister of Industry and Trade of the Russian Federation Mr. Anton Alikhanov visited the National Industrial Corridor Development Corporation Limited (NICDC) pavilion at Bharat Mandapam, New Delhi, on the second day of INNOPROM India 2026, following their bilateral meeting, as part of their walkthrough of the exhibition. Th... ... ...

141. The Inspecting Authority shall submit the inspection report to the Authority, and the Authority may take such action as it may deem fit and appropriate, on such report: Provided that if directed to do so by the Authority, the Inspecting Authority may submit an interim report. =============... ... ...

Brussels, Sep 11 (PTI) The European Commission on Friday formally submitted its proposal to the European Council to sign and conclude the Free Trade Agreement with India, marking a major step toward implementing the ambitious pact - widely termed the "mother of all deals". If authorised by the Council, this will be the largest trade agreement ever concluded by both the EU and India. India and the EU announced the conclusion of the FTA in January, marking a historic milestone in their econo... ... ...

140. (1) The Authority may appoint an auditor to inspect the books of account, records, documents infrastructures, systems and procedures or affairs of an FME: Provided that the auditor so appointed shall have the same powers of an inspecting authority: Provided further that a FME and its employees shall have the same obligations towards the auditor as they have towards the Inspecting Authority as specified under regulation 139. (2) The Authority may appoint a valuer to value the sc... ... ...

139. (1) Where an inspection of a FME is undertaken by the Authority, such FME and every principal officer, partner, designated partner, trustee, director, chairperson, CEO, KMPs, officer, employee and any agent, etc., of the FME shall provide all assistance and cooperate with the Inspecting Authority and shall furnish books of accounts, records and documents to the Inspecting Authority with such statements and information relating to its activities within such time as decided by the Inspect... ... ...

CHAPTER IX INSPECTION AND AUDIT 138. (1) The Authority may suo motu or upon receipt of information or complaint at any time appoint one or more persons as Inspecting Authority to undertake the inspection of the books, accounts, records, documents, infrastructure, procedures, systems of a FME or any other entity associated with the activities under these regulations for any purpose or to investigate the affairs of schemes and activities as detailed under these regulations including the ... ... ...

Shri Piyush Goyal Highlights Opportunities to Expand India's Exports to Russia Across Pharmaceuticals, Auto Components and Food Products Shri Goyal Invites Russian Businesses to Utilize India's Plug-and-Play Industrial Corridors to Manufacture in India   Union Minister of Commerce and Industry Shri Piyush Goyal called for an accelerated India-Russia economic and industrial partnership, urging businesses from both countries to work towards achieving the target of $100 billion in bil... ... ...

137. The FME shall not undertake any business activities other than as specified under these regulations, without prior approval of the Authority: Provided that a FME operating in the form of branch in an IFSC shall inform the Authority within fifteen (15) days regarding any approval obtained from the sectoral regulator in its principal place of operations, if the activity it intends to conduct outside IFSC requires such specific approval. Provided further that FME intending to open a ... ... ...

136. (1) The FME shall ensure that investors are provided information about their holding in the schemes of FME at the end of every month and within ten working days in case of receipt of such request from an investor. (2) The fiduciaries shall make such disclosures to the investors as are essential in order to keep them informed about any information which may have an adverse bearing on their investments. =============... ... ...

135. Auditor's report (1) Every scheme launched by FME shall have the annual statement of accounts audited by an auditor who is not in any way associated with the FME. (2) The auditor shall be appointed by the fiduciaries. (3) The auditor shall forward his report to the fiduciaries and such report shall form part of the Annual Report of the schemes. =============... ... ...

134. (1) FME shall prepare an annual report of accounts of the schemes and abridged summary thereof, in respect of each financial year and shall submit the same to the Authority not later than four months from the end of financial year. (2) The annual report and abridged summary shall contain details that are necessary for the purpose of providing a true and fair view of the operations of the scheme. (3) An abridged summary of the annual report of the scheme shall be shared with the in... ... ...

133. A close-ended scheme, unless its tenure is extended as specified under these regulations, shall be fully redeemed at the end of maturity period. =============... ... ...

Shri Goyal Urges Member Countries to Open Markets and Simplify Regulatory Procedures Shri Goyal Urges BRICS Member And Partner Countries to Link Payment Systems And Promote Trade in Each Other's Local Currencies Shri Goyal Emphasises Greater Cooperation in Agriculture, Pharmaceuticals, Engineering, Electronics, Automobiles, Services, Startups and Emerging Technologies Union Minister of External Affairs Dr. S. Jaishankar Highlights Supply Chain Connectivity, Trade Facilitation and Innova... ... ...

132. The FME shall appoint an independent custodian to provide the custodial services for the following schemes :- (a) Retail schemes; (b) Open ended restricted schemes; and (c) All other schemes managing AUM above USD 70 Million. Provided that the requirement of appointment of custodian shall not be mandatory for fund of funds schemes where the underlying scheme(s) have appointed independent custodian(s). Explanation I. - The Custodian appointed ... ... ...

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, IP ESTATE, NEW DELHI- 110002 No.F.2 (530)/Policy/GST/2024/1958-65 Dated: 6/05/2024 ORDER In exercise of the powers conferred upon me under Sub Section (1) of Section 5 of The Delhi Goods and Service Tax Act, 2017 (Delhi Act 03 of 2017) and the rules made there under and further, in Continuation of order dated 22.12.2017 and partial modification of order dated 20.11.2019 (territorial jur... ... ...

The Act modernises the legal framework for use of banking records as evidence Simplified and standardised certification to facilitate use of banking records in legal proceedings The Government has consistently pursued reforms to strengthen the banking and financial sector, promote ease of doing business and modernise the legal and regulatory framework in line with the evolving needs of the economy. With banking practices and technology evolving rapidly, laws governing banking records also ... ... ...

131. (1) A scheme of the FME may be wound up :- (a) When the tenure of the scheme, as mentioned in the placement memorandum / offer document, is over; (b) If seventy-five per cent. (75%) of the investors, by value of their investment in the scheme, pass a resolution at a meeting of investors that the scheme be wound up. (2) The Authority, in the interest of investors and for orderly development of the financial market, may direct a FME to :- (a) wind up a scheme... ... ...

130. Merger, demerger and restructuring of the scheme(s) shall be in accordance with the conditions as may be specified by the Authority and with the prior approval by the Authority. =============... ... ...