Consultation paper on specifying timelines for deployment of funds collected by Asset Management Companies (AMCs) in New Fund Offer (NFO) as per asset allocation of the scheme

SEBI has issued a Consultation Paper on Specifying Timelines for Deployment of Funds by Asset Management Companies (AMCs) in New Fund Offers (NFOs) proposes a structured timeline for deploying funds collected through NFOs according to each scheme’s asset allocation. The primary aim is to reduce delays in fund deployment and ensure that AMCs align with the asset allocation set out in the Scheme Information Document (SID). This paper, by the Securities and Exchange Board of India (SEBI), is open for public comments to gather perspectives on the proposed framework and improve mutual fund transparency and efficiency.

Consultation Paper on ‘Framework for Service Authorizations for provision of Broadcasting Services

Consultation Paper on ‘Framework for Service Authorizations for provision of Broadcasting Services under the Telecommunications Act, 2023’ has been placed on the TRAI’s website (www.trai.gov.in) for seeking comments/ counter comments from the stakeholders. Written comments on the issues raised in the Consultation Paper are invited from stakeholders by 20th November 2024 and counter-comments by 27th November 2024, respectively.

TRAI’s Continued Efforts to Combat Spam Calls and SMS Abuse

The Telecom Regulatory Authority of India (TRAI) has taken significant measures to curb the menace of spam calls and prevent the misuse of SMS headers and content templates by unscrupulous elements in forwarding malicious/fraudulent messages. These measures are aimed at safeguarding consumer interests and ensuring a clean and secure messaging ecosystem.

CBDT notifies Tolerance Range for Transfer Pricing for A.Y 2024-25

The Central Board of Direct Taxes (CBDT) has issued a notification dated October 18, 2024 notifying the tolerance range for AY 2024-25. The notification of tolerance range shall provide certainty to taxpayers and reduce the risk perception associated with pricing of a transaction in transfer pricing.

IFSCA issues investment restrictions to retail fund schemes

This circular addresses specific provisions within the IFSCA (Fund Management) Regulations, 2022, to foster a more robust environment for retail investments in the IFSCs by addressing limitations associated with investments in unlisted securities and fund-of-fund structures.