
SEBI allows PE funds to own mutual fund cos
The market regulator says that the move will give greater flexibility to the industry, and will allow the self-sponsored AMCs to continue the mutual funds business.
The market regulator says that the move will give greater flexibility to the industry, and will allow the self-sponsored AMCs to continue the mutual funds business.
The market regulator has proposed to shift the incidence of tax on buyback from the company to the hands of shareholders.
Some of the entities have names similar to that of SEBI registered intermediaries, warns SEBI.
SEBI says new mutual fund investors will have an option to opt for one of these two options from August 2022.
Ramkrishna has been ordered by SEBI to pay this amount within 15 days of the receipt of the notice; failure to do so will result in further action.
These debt ETFs and index funds could be corporate debt indices, G-sec indices, or hybrid debt indices.
The new rule divides the category of non-institutional investors (NIIs) into two sub-categories, but stock exchanges are not providing the application amount under these two categories separately.
SEBI noted that funds to the tune of ₹397.12 crore were diverted from Fortis Hospitals for the benefit of RHC Holdings, and ultimately the Singh brothers.
NPCI had confirmed that the more than 80% of self-certified syndicate banks (SCSBs), sponsor banks and UPI apps have conducted the required system changes.
SEBI maintained that RPTs which have received omnibus approval from the audit committee will also have to be placed before the shareholders if it is material.