Tags : Enhancement, Overseas investment, Mutual Funds
Circular on Mutual Funds(25.02.2016)
The Securities and Exchange Board of India released a circular on the treatment of unclaimed redemption and divided amounts. Some of the changes inclu.....
Tags : Mutual funds, unclaimed redemption, dividend amounts
Participation of Mutual Funds in Commodity Derivatives Market in India(21.05.2019)
1. A copy of the Gazette Notification No. SEBI/LAD-NRO/GN/2019/011 dated April 26, 2019 on Amendments to SEBI (Mutual Funds) Regulations, 1996 is encl.....
Tags : Participation, Mutual Funds, Commodity Derivatives Market
Addendum to SEBI Circular on Development of Passive Funds(28.07.2022)
1. This has reference to SEBI circular No. SEBI/HO/IMD/DOF2/P/CIR/2022/69 dated May 23, 2022 on "Development of passive funds". The provisions of the .....
Tags : Addendum, Development, Passive Funds
Upstreaming of clients' funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)(12.12.2023)
1. With a view to safeguard clients' funds placed with Stock Brokers (SBs) / Clearing Members (CMs), SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD-PoD- .....
Tags : Upstreaming, Clients' funds, SBs
SEBI Puts Rules for Mutual Funds to Restrict Redemptions(01.06.2016)
To curtail mutual fund houses' powers to suddenly restrict redemptions from a scheme, markets regulator SEBI has put in place a set of rules and also .....
Tags : SEBI, Mutual funds, Redemption
Govt: NRIs Not Having Indian Bank Accounts to get Income Tax Refund in Foreign Bank Account(26.07.2017)
Government has said that Income Tax Refunds will be credited to Foreign Bank Account also for Non-Residents who is not having bank account in India.
Tags : Income Tax Refunds
SEBI Issues Guidelines for Alternative Investment Funds Benchmarking(07.02.2020)
Securities and Exchange Board of India has issued guidelines for benchmarking the performance of alternative investment funds with a view to streamli.....
Tags : SEBI, Alternative Investment Funds
Karnataka HC Directs State Bar Council to Set Apart Funds for Clerks(01.10.2020)
Karnataka High Court has directed the Karnataka State Bar Council to set apart a reasonable amount out of the Rs 5 Crore state grant given to it for t.....
Tags : Karnataka High Court, Funds for Clerks
Madras HC Questions Commissioner on Stopping of Vehicle Collecting Funds for Ram Temple(26.02.2021)
Madras High Court has summoned the Commissioner of Police, Madurai, to appear before it on 1st March, 2021 to answer as to why even after the Court ha.....
Tags : Madras High Court, Funds for Ram Temple
Kerala HC: Funds for Tribal People Under Various Schemes Not to be Diverted(26.02.2021)
Kerala High Court has ordered that funds available under various schemes for tribal people should not be diverted in any manner and they should accord.....
Tags : Kerala High Court, Funds for Tribal People
SEBI Notifies Rules on Co-Investment Made by Investors of Alternative Investment Funds(15.11.2021)
Securities and Exchange Board of India (SEBI) has notified the Securities and Exchange Board of India (Alternative Investment Funds) (Fifth Amendment.....
Tags : Securities and Exchange Board of India, Investors of Alternative Investment Funds
Review of investment norms for mutual funds for investment in Debt and Money Market Instruments(10.12.2019)
Paragraph E of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/104 dated October 1, 2019 prescribed limits on investments by debt mutual fund schemes in .....
Tags : Review, Investment norms, Mutual funds
Registering NBFCs to become simpler(17.06.2016)
The Reserve Bank of India resolved to simpli.....Tags : nbfc, registration, simplified process, public funds
Delhi HC Asks Petitioners to Approach CVC Regarding Alleged Misuse of Funds by Delhi Govt Hospitals(14.01.2019)
Delhi High Court has asked two advocates to place before the Central Vigilance Commission (CVC) their petition against alleged misappropriation/misuse.....
Tags : Delhi High Court, Misuse of Funds by Delhi Govt Hospitals
Sikkim High Court Dismisses Plea Alleging Misappropriation of Covid-19 Funds(17.06.2021)
Sikkim High Court has dismissed a Public Interest Litigation seeking enquiry into alleged misappropriation of funds under Covid-19 package provided to.....
Tags : Sikkim High Court, Misappropriation of Covid-19 Funds
Karnataka High Court Issues Notice on MBBS Graduates' Plea Against Govt Notification(17.06.2021)
Karnataka High Court has issued notice to the State Government and other respondents on a batch of petitions filed challenging the notification issued.....
Tags : Sikkim High Court, Misappropriation of Covid-19 Funds
Kerala High Court: Technical Glitches Not to Hinder Grant of Tax Refunds(21.10.2021)
Kerala High Court has ruled that technical glitches should not stand in the way of ultimate grant of relief by way of refund to taxpayers. The Court h.....
Tags : Kerala High Court, Grant of Tax Refunds
Allahabad HC Denies Bail to Ex-MLA Mukhtar Ansari in Funds Misappropriation Case(14.06.2022)
Allahabad High Court while denying bail to former MLA Mukhtar Ansari n connection with a case over misappropriation of MLA funds, called him a dreaded.....
Tags : Allahabad High Court, Funds Misappropriation, Bail
Supreme Court Asks Centre to Act Against NGOs Misusing Public Funds(11.01.2017)
Supreme Court has directed Government to audit nearly 30 lakh NGOs which received public funds but consistently failed to explain how they spent money.....
Tags : Supreme Court, NGOs, Public Funds
Sebi Allows Mutual Funds & Portfolio Managers to Invest in Securities Listed in IFSC(29.05.2017)
Sebi has allowed portfolio manager operating in IFSC to invest in securities listed in IFSC, issued by companies incorporated in IFSC, issued by compa.....
Tags : Sebi, Mutual Funds & Portfolio Managers, IFSC
Supreme Court: NGOs Cannot be Denied Foreign Funds(09.03.2020)
Supreme Court has observed while ruling that the bar under the Foreign Currency Regulation Act, 2010 applied only to political parties that the Govern.....
Tags : Supreme Court, Foreign Funds
SC Dismisses Mahua Moitra's Plea Challenging Exclusion of CM's Relief Fund from CSR(11.08.2020)
Supreme Court has dismissed plea filed by Mahua Moitra which challenged the Centre's circular which states that Chief Minister's Funds or State Relief.....
Tags : Supreme Court, Chief Minister's Funds
SC Transfers Advertisement Funds of Delhi Govt. for RRTS Project(21.11.2023)
Supreme Court while expressing disappointment over Delhi Government not fulfilling its assurance to allocate funds for the Regional Rapid Rail Transit.....
Tags : Supreme Court, Advertisement Funds, RRTS Project
SC: Government of Uttarakhand Explains ‘Misutilization’ of CAMPA Funds(20.03.2025)
Government of Uttarakhand has explained the misutilization of CAMPA (Compensatory Afforestation Fund Management and Planning Authority) funds to the S.....
Tags : Government of Uttarakhand, CAMPA Funds, Misutilization
RBI Amends Investment, Trading Rules for Banks(26.09.2017)
Reserve Bank of India (RBI) has barred banks from investing in category III Alternative Investment Funds, specified norms for their participation in c.....
Tags : Reserve Bank of India, Alternative Investment Funds
Delhi HC Seeks Government Reply on CAG Audit Citing Misuse of Workers’ Funds(15.07.2020)
Delhi High Court has asked the Aam Aadmi Party Government to reply to Comptroller and Auditor General’s audit findings on irregularities in a cess fun.....
Tags : Delhi High Court, Misuse of Workers’ Funds
Karnataka HC Directs Centre, State to Release Funds for Children with Rare Genetic Disease of LSD(26.04.2021)
Karnataka High Court has directed the Government of India to pay a sum of Rs 3 crore and the State Government to pay a sum of Rs 2 Crore to the Indira.....
Tags : Karnataka High Court, Funds for Children with Rare Genetic Disease of LSD
Calcutta HC Directs to Conduct Enquiry Into Alleged Misappropriation of MGNREGA Funds(18.01.2022)
Calcutta High Court has directed the District Magistrate, Purba Medinipur to conduct an enquiry into the alleged defalcation of funds allocated under .....
Tags : Calcutta High Court, Misappropriation of MGNREGA Funds
Calcutta HC Directs Conduct of Enquiry into Alleged Misappropriation of Govt Scheme Funds(20.01.2022)
Calcutta High Court has directed the District Magistrate, South 24 Parganas to conduct an enquiry into the alleged misappropriation of funds allocated.....
Tags : Calcutta High Court, Alleged Misappropriation of Govt Scheme Funds
Kerala HC: State's Appeal Against Order Directing it to Release Funds to KSRTC Infructuous(30.09.2022)
Kerala High Court while dismissing State government’s appeal against an order directing it to release funds for KSRTC, has held that the appeal is inf.....
Tags : Kerala High Court, KSRTC, Funds
Kar. HC: Order Passed by Appellate Authority Under Section 70 of Chit Funds Act is Final(19.03.2024)
Karnataka High Court has held that an order passed by the Appellate Authority under Section 70 of the Chit Funds Act, 1982 is final and no appeal agai.....
Tags : Karnataka High Court, Section 70 of Chit Funds Act, Appellate Authority
Del. HC: Collection of Funds to Commit Offence in Future Not Money Laundering Under PMLA(05.12.2024)
Delhi High Court has stated that the proceeds of crime has to be generated as a result of criminal activity. The collection of funds in an illegal way.....
Tags : Delhi High Court, Money Laundering, Collection of Funds
Securities and Exchange Board of India Allows Direct Sales of Mutual Funds on Exchanges(27.02.2020)
Securities and Exchange Board of India has allowed investors to directly use the infrastructure of stock exchanges to purchase and redeem units direct.....
Tags : Securities and Exchange Board of India, Direct Sales of Mutual Funds on Exchanges
Madras HC Directs Fresh Inquiry into Allegations of Misappropriation of CSI Funds(02.02.2021)
Madras High Court has directed the Registrar of Companies to conduct a fresh inquiry into allegations of misappropriation, mismanagement and misfeasan.....
Tags : Madras High Court, Misappropriation of CSI Funds
CBDT Issues Guidelines for Granting Exemption to Foreign Wealth Funds and Pension Funds(28.10.2021)
Central Board of Direct Taxes (CBDT) has issued guidelines for granting an exemption under section 10(23FE) of the Income Tax Act, 1961 to Foreign Wea.....
Tags : Central Board of Direct Taxes, Exemption to Foreign Wealth Funds and Pension Funds
Mad. HC: Surplus Funds of Temple Cannot be used to Construct Shopping Complexes(13.01.2025)
Madras HC has clarified that surplus funds of temple, which is a religious institution can be used only for the specified purposes and cannot be used .....
Tags : Madras High Court, Shopping Complexes, Surplus Funds
Calcutta High Court Pulls State Government Over Lack of Funds(15.01.2025)
Calcutta High Court pulled up the State Government over lack of funds and stated that it is a very sorry state of affairs that there is no money for p.....
Tags : Calcutta High Court, State Government, Lack of Funds
Sebi : Venture Capital Funds Can Now Invest 25% in India-Linked Firms(05.10.2015)
Sebi in order to boost entrepreneurship and prevent Indian firms shifting their businesses to foreign countries, has allowed Alternative Investment Fu.....
Tags : Sebi,Venture Capital Funds
ITAT: Commission Earned on Distribution of Indian Mutual Fund Outside India is Not Taxable(10.06.2022)
Income Tax Appellate Tribunal (ITAT) has held that commission earned on distribution of Mutual Funds schemes of an Indian fund outside India cannot be.....
Tags : ITAT, Mutual Funds, Distribution
Gau. HC: Primary Duty of the State to Disburse Funds Under Victim Compensation Scheme(09.04.2024)
Gauhati High Court while stating that it is the primary duty of the State to provide fund for the disbursement of compensation to the victims under th.....
Tags : Gauhati High Court, Victim Compensation Scheme, Funds
SEBI Tightens Norms for Liquid Funds(23.09.2019)
Securities and Exchange Board of India (SEBI) as part of its attempts to strengthen the risk management framework for liquid funds has made it mandato.....
Tags : SEBI, Liquid Funds
SEBI Exempts Offshore Funds from Submitting Physical Forms(20.03.2020)
Securities and Exchange Board of India has provided exemptions for off-shore funds from submitting physical forms in wake of the Corona outbreak, allo.....
Tags : Securities and Exchange Board of India, Offshore Funds
SEBI Modifies NAV Rules for Mutual Funds(18.09.2020)
Securities and Exchange Board of India (SEBI) has asked mutual funds to uniformly apply net asset value (NAV) across schemes upon realisation of funds.....
Tags : Securities and Exchange Board of India, NAV Rules for Mutual Funds
SC Asks Chief Secretary of Uttarakhand to Explain Misutilization of CAMPA Funds(06.03.2025)
Supreme Court has asked the Chief Secretary of Uttarakhand to explain why the CAMPA funds which are meant for improving the green cover across the cou.....
Tags : Supreme Court, CAMPA Funds, Chief Secretary
SEBI Relaxes Valuation Norms for Mutual Funds(24.04.2020)
Securities and Exchange Board of India has relaxed valuation norms on money and debt market instruments held by mutual funds in the wake of the loan m.....
Tags : Securities and Exchange Board of India, Mutual Funds Valuation Norms
Delhi HC Appoints Justice Sikri to Oversee Funds Utilization in ISSF Shooting World Cup 2023(20.01.2023)
Delhi High Court while appointing retired Supreme Court judge, Justice Arjan Kumar Sikri, as Administrator to oversee utilization of funds in upcoming.....
Tags : Delhi High Court, ISSF Shooting World Cup, Funds
Del. HC: No Presumption in Law that Acquisition of MF is Necessarily for Trade & Not for Investment(17.01.2024)
Delhi HC has held that it is important to ascertain the intent considering the time period and purpose for which the shares or mutual funds (MF) are h.....
Tags : Delhi High Court, Mutual Funds, Trade, Investment
Madras HC: Public Service is Being Performed by Lawyers, They Cannot be Denied Funds(21.06.2024)
Madras High Court has stated that lawyers perform public services that are similar to those of public servants and the Government should ensure that p.....
Tags : Madras High Court, Public Services, Funds
Madras HC: No Political Symbols or Leader Photos in Welfare Ads(01.08.2025)
Madras High Court, in an interim order, barred the use of party names, symbols, or photos of former Chief Ministers in Government welfare scheme adver.....
Tags : Political neutrality, Government advertisement, Public funds, Madras HC
Why Welfare Funds Not Used to Pay Wages: Delhi HC to State(12.04.2019)
Delhi High Court has asked centre and state to explain why funds collected for the welfare of construction workers are not used to pay daily wages dur.....
Tags : Delhi High Court, Welfare Funds, Daily wages
Delhi HC Directs Delhi Government to Release Funds for Requirements of District Courts(22.10.2020)
Delhi High Court has directed the Delhi Government to release funds for requirements of District Courts starting with funds for purchasing 20% of the .....
Tags : Delhi High Court, Release Funds for Requirements of District Courts
Gauhati High Court: Chief Secretary’s Statement Sought on Inadequacy of Funds(11.06.2024)
Gauhati High Court has sought the statement of the Assam Government’s Chief Secretary to apprise the Court about the inadequate disbursement of compen.....
Tags : Gauhati High Court, Inadequacy of Funds, Assam Government
Byju’s Second Rights Issue for Raising Funds Halted by NCLT(14.06.2024)
National Company Law Tribunal has retrained ed-tech firm Byju’s from going ahead with the present rights issue which is in progress, till the disposal.....
Tags : NCLT, Byju’s, Raising Funds
Byju’s Second Rights Issue for Raising Funds Halted by NCLT(14.06.2024)
National Company Law Tribunal has retrained ed-tech firm Byju’s from going ahead with the present rights issue which is in progress, till the disposal.....
Tags : NCLT, Byju’s, Raising Funds
SEBI Clarifies Regarding Transactions in Mutual Funds Facilitated by Online Platforms(16.03.2022)
Securities and Exchange Board of India has clarified regarding transactions in mutual funds facilitated by online platforms. The Board has said paymen.....
Tags : Securities and Exchange Board of India, Transactions in Mutual Funds
Parliamentary Committee: Lawyers Must Appear in Atleast 1 Pro Bono Case A Year to Access Relief Fund(08.02.2024)
Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice has proposed that the Bar Council of India should make it mandatory .....
Tags : Parliamentary Standing Committee, Pro Bono Case, Relief Funds
Supreme Court: PF Authorities Have No Authority Over Exempted Authorities(14.03.2017)
SC has held that once an establishment is covered under any one of excepted category under Section 16 of Employees’ Provident Funds and Miscellaneous .....
Tags : Supreme Court, Employees’ Provident Funds and Miscellaneous Provisions Act
Rajya Sabha Clears Chit Funds (Amendment) Bill, 2019(29.11.2019)
Rajya Sabha has cleared the Chit Funds (Amendment) Bill, 2019 to streamline operations of collective investment schemes or chit funds with the aim to .....
Tags : Rajya Sabha, Chit Funds
SEBI Asks Franklin to Return Money to Investors in 6 Funds(08.05.2020)
Securities and Exchange Board of India has asked Franklin Templeton Mutual Funds to focus on returning the money to investors stuck in six funds as so.....
Tags : Securities and Exchange Board of India, Franklin Templeton Mutual Funds
Kerala High Court: Repayment of Misappropriated Funds Does Not End Criminal Prosecution(25.09.2025)
Kerala High Court held that repaying the misappropriated amount or its value in corruption cases does not end criminal prosecution. The court clarifie.....
Tags : Misappropriated Funds, Criminal Prosecution, Corruption
Allahabad HC: Taxpayers Shouldn’t Suffer Due to Delay in Genuine Refunds by Assessing Officer(13.10.2025)
Allahabad High Court ruled that when a taxpayer submits the required documents for TDS refund, the Assessing Officer must process the refund without u.....
Tags : Taxpayers, Refunds, Assessing Officer
Delhi HC Directs AAP Government to Release Funds to Four DU Colleges(05.11.2020)
Delhi High Court has directed the Aam Aadmi Party government to release funds to four Delhi University colleges, fully funded by it, to enable them to.....
Tags : Delhi High Court, Delhi University, Release of Funds
Madras HC: ECI Can Put Guidelines to Ensure Public Funds Not Used by Ministers for Campaigning(24.03.2021)
Madras High Court has said the Election Commission of India can put some guidelines in place to ensure that public funds are not brazenly used by mini.....
Tags : Madras High Court, Use of Public Funds for Campaigning
Patna High Court Asks Govt. to Provide Funds for Educational Institutions' Infrastructure(26.03.2021)
Patna High Court has observed that there is a lack of infrastructure, toilets, etc in girls' educational institutions in Patna, perusing the inspectio.....
Tags : Patna High Court, Funds for Educational Institutions' Infrastructure
Kerala HC Stays Single Judge Bench Direction to State to release Funds to KSRTC(01.09.2022)
Kerala High Court has stayed the order passed by single judge bench directing the state to release funds to KSRTC to clear salary dues of its employee.....
Tags : Kerala High Court, KSRTC, Funds