Securities and Exchange Board of India (“SEBI”), vide its circular dated July 20, 2024, had amended the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), to provide flexibility to Venture Capital Funds (“VCFs”) registered under the erstwhile SEBI (VCF) Regulations, 1996 (“VCF Regulations”), for migrating to the AIF Regulations and to, inter alia, avail the […]
Securities and Exchange Board of India (“SEBI”), vide its notification dated August 5, 2024, has notified the SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2024 (“AIF Amendment Regulations”), thereby amending the SEBI (Alternative Investment Funds) Regulations, 2012 (“Principal AIF Regulations”). Key amendments were introduced regarding (a) borrowing by Category I Alternative Investment Fund (“Cat-I AIF”) […]
In the August edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour and employment, renewable energy, information and broadcasting, and intellectual property rights. Below are the key highlights of the newsletter: SEBI UPDATES Boost to enhance participation in the corporate bond market – […]
We are pleased to share our bi-monthly newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please write to: Mr. Shammi […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent ruling of the Delhi High Court in NIIT Foundation. The High Court has, in the said ruling, adopting a pragmatic approach, interpreted the meaning and scope of “education” under section 2(15) of the Income […]
The Bombay High Court (“Bombay HC”), vide its judgement dated May 6, 2024, in the case of The Chief Officer, Pen Municipal Council and Another v. Shekhar B. Abhang and Another [Writ Petition No. 4129 of 2009], held that long-term continuance of employment does not constitute as a ground to seek regularization of services. Facts […]
