Economy

SEBI relaxes regulatory framework for AIFs targeting ‘accredited investors’

The Securities and Exchange Board of India (Sebi), on Friday, relaxed the regulatory framework for alternative investment funds (AIFs) targeting ‘accredited investors’ — those investors with annual income of over Rs 2 crore or net worth of at least Rs 7.5 crore. AIFs that are ‘large value funds for accredited investors’ have …

SEBI relaxes regulatory framework for AIFs targeting ‘accredited investors’ Read More »

Sebi penalizes 4 individuals for violations in Mindtree share trade

Capital markets regulator Sebi on Friday imposed fines totaling Rs 4 lakh on four individuals for violation of insider trading norms in the shares of Mindtree Ltd during the January-March 2019 period when they were designated employees. The regulator levied a fine of Rs 1 lakh each on Chirag Malhotra, Meenakumari …

Sebi penalizes 4 individuals for violations in Mindtree share trade Read More »

SEBI issues guidelines for ‘Large Value Fund’ for accredited investors

Capital markets regulator Sebi on Friday came out with new guidelines for “Large Value Fund” for accredited investors, pertaining to filing of such schemes and extension of their tenures beyond two years. “Large Value Fund (LVF)” for accredited investors means an AIF or scheme of an AIF in which each investor …

SEBI issues guidelines for ‘Large Value Fund’ for accredited investors Read More »

MSCI maintains status quo on Asia during annual mkt classification review

global index provider MSCI has maintained status quo on Asia during its annual market classification review. It was widely expected that South Korea would be put on watch list, a precursor for an upgrade from emerging market (EM) to developed market (DM). This could delay the nation’s ambition to be classified as …

MSCI maintains status quo on Asia during annual mkt classification review Read More »

Officers committee suggests deferment of decision on levying GST on crypto

The officers committee on GST has suggested the GST Council to defer a decision on taxability of cryptocurrency and other virtual digital assets. The Fitment Committee in its report to the GST Council has suggested that a law on regulation of cryptocurrency is awaited and it would be essential to identify …

Officers committee suggests deferment of decision on levying GST on crypto Read More »