SEBI has issued clarification regarding the information to be filed by schemes of AIFs availing dissolution period/additional liquidation period and conditions for in-specie distribution of assets of AIFs

The information memorandum for a scheme of an AIF entering into dissolution period shall be submitted to SEBI before expiry of the liquidation period or additional liquidation period of the scheme, as the case may be. The information memorandum to be submitted by the scheme of AIF entering into dissolution period and Due Diligence Certificate by Merchant Banker shall be submitted in the prescribed format.

SEBI Master Circular on Surveillance of Securities Market

This Master Circular is categorized subject wise under various headings, viz., trading rules and shareholding in dematerialized mode, monitoring of unauthenticated news circulated by SEBI registered market intermediaries through various modes of communication and disclosure reporting under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Consultation on Draft Amendments to Master Circulars for REITs

The amendment provides that the Eligible Unitholder(s) shall be entitled to nominate only one Unit holder Nominee Director, subject to the unit holding of such Eligible Unit holder(s) exceeding the specified threshold. If the right to nominate one or more directors on the Board of Directors of the Investment Manager is available to any entity (or to an associate of such entity) in the capacity of shareholder of the Investment Manager or lender to the Investment Manager or the REIT (or its Hold Co(s) or SPVs), then such entity in its capacity as unitholder, shall not be entitled to nominate or participate in the nomination of a Unitholder Nominee Director.

BBPS has restructured the bill payment landscape

The Bharat Bill Payment System (BBPS) has simplified the way customers pay their bills, providing a seamless, secure, and efficient platform that caters to the needs of both customers and billers.

Body Donation Encouraged As An Alternative To Organ Donation

The Director General of Health Services (DGHS) has issued a letter encouraging hospitals across India to promote body donation as an alternative when organ donation is not feasible. This initiative aims to address the shortage of human cadavers for medical education and research.

Deadline Extended For Submission Of Waste Tyre & E-Waste Reports

The Ministry of Environment, Forest and Climate Change (MoEF&CC) has extended the deadline for producers and recyclers of waste tyres and e-waste to file their quarterly and annual reports. The deadline for filing reports for the financial year 2023-24 has been extended from June 30, 2024 to August 31, 2024.