Standardized approach to valuation of investment portfolio of Alternative Investment Fund
AIF securities covered under the SEBI (Mutual Funds) Regulations, 1996, the valuation process should align with the norms specified for mutual funds. For securities not covered under the aforementioned norms, AIFs should follow the valuation guidelines endorsed by an AIF industry association representing at least 33% of SEBI registered AIFs.
MCA extends due date to file DPT-3 without additional fees
Keeping in view the transition of MCA-21 Portal from Version -2 to Version -3, it has been decided to allow companies to file Form DPT -3 for the financial year ended on 31st March 2023 without paying additional fees up to 31st July 2023.
Ministry of Law and Justice announces TeleLaw initiative
Tele-Law means the use of communications and information technology for the delivery of legal information and advice. This e-interaction between lawyers and people would be through the video-conferencing infrastructure available at the CSCs.
IFSCA clarification regarding Direct Market Access (DMA) facility
Direct Market Access (DMA) is a facility which allows Broker-Dealers to offer their clients direct access to the trading system of the Stock Exchange, through the Broker-Dealer’s trading systems, without any manual intervention by the Broker-Dealer.
Consumer Protection (Direct Selling) (Amendment) Rules, 2023
“Direct selling entity” is redefined to mean the principal entity which sells or offers to sell goods or services directly through a network of sellers, but does not include an entity which is engaged in a Pyramid Scheme or money circulation scheme.
