The Securities Law (Amendment) Act, 2014, came into force on 22 August with the objective of amending the Securities and Exchange Board of India (SEBI) Act, 1992, the Securities Contracts (Regulation) Act, 1956, and the Depositories Act, 1996, to better regulate securities market transactions in India. The salient changes are:
- Section 11AA of the SEBI Act has been amended to deem any fund with a corpus of ₹1 billion (US$16 million), which is not registered with SEBI, as a collective investment scheme.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员。
The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.