The Securities Exchange Board of India vide notification dated 13 August, 2021 has issued the Securities and Exchange Board of India (Alternative Investment Funds) (Fourth Amendment) Regulations, 2021. The amendment has defined the concept of ‘debt fund’ and ‘investable fund’. Debt funds means an Alternative Investment Fund which invests primarily in debt securities of listed or unlisted investee companies or in securitized debt instruments as per the stated objectives of the Fund.
Investable Fund means corpus of the scheme of Alternative Investment Fund net of expenditure for administration and management of the fund estimated for the tenure of the fund. The amendment also clarifies that Un-invested portion of the investable funds and divestment proceeds pending distribution to investors may be invested in liquid mutual funds or bank deposits or other liquid assets of higher quality such as Treasury bills, Triparty Repo Dealing and Settlement, Commercial Papers, Certificates of Deposits, etc. till the deployment of funds as per the investment objective or the distribution of the funds to investors as per the terms of the fund documents, as applicable.
New Regulations for Consumer Grievances Redressal in Goa and UTs
31 August 2024
The Joint Electricity Regulatory Commission (JERC) has announced the Consumer Grievances Redressal Forum and Ombudsman Regulations, 2024, which supersedes the 2019 regulations. Under these new
