The SEBI, on 3rd August, 2022, published a notification amending the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. The amendment provides that sponsors which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes shall not qualify as associates of mutual funds. The amended regulations will come into effect immediately.
West Bengal Expands Jurisdiction of Labor Tribunals and Courts
The jurisdiction of these tribunals and courts for adjudication disputes/cases has been broadened to include a wider range of labor laws, including the Industrial Disputes