We are pleased to share with you the link to our newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India.
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any clarification, please write to:
Mr. Shammi Kapoor
Senior Partner
[email protected]
Mr. Arnab Roy
Associate Partner
[email protected]
In the April edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour, pharmaceutical and MSME.
Below are the key highlights of the newsletter:
SEBI UPDATES
RBI & IFSC UPDATES
LABOUR UPDATES
OTHER UPDATES
We hope you like our publication. We look forward to your suggestions.
Please feel free to contact us at [email protected]
Securities and Exchange Board of India (“SEBI”), in its 209th board meeting dated March 24, 2025, has addressed the compliance challenges faced by Category II Alternative Investment Funds (“Category II AIFs”) due to the recent amendment to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”).
Currently, Category II AIFs are required to invest primarily in unlisted companies, in accordance with Regulation 17(a) of the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”). However, after the introduction of Regulation 62A of SEBI LODR Regulations, any entity that had issued listed non-convertible debt securities (“NCDs”) on or before January 1, 2024, which continued to be listed, is not permitted to issue unlisted NCDs. Additionally, in case an entity proposes to issue any listed NCDs on or after January 1, 2024, then its unlisted NCDs which were previously issued, are mandatorily required to be listed. With these changes, there is a likelihood that debt securities that could have been issued in unlisted form, will now have to be listed. The resultant drop in availability of unlisted debt securities can create hindrance for the AIFs in complying with the minimum investment norms in unlisted securities.
In order to address this issue, SEBI has allowed Category II AIFs to treat their investment in listed debt securities with a credit rating of ‘A’ or below equivalent to investment in unlisted securities, to meet the minimum investment requirement in unlisted securities under the AIF Regulations.
To read the press release on board meeting click here
For any clarification, please write to:
Mr. Yatin Narang
Partner
[email protected]
We are pleased to share with you the link to our newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India.
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any clarification, please write to:
Mr. Shammi Kapoor
Senior Partner
[email protected]
Mr. Arnab Roy
Associate Partner
[email protected]
In the March edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour, environment, pharmaceutical and corporate affairs.
Below are the key highlights of the newsletter:
SEBI UPDATES
RBI UPDATES
LABOUR UPDATES
ENVIRONMENTAL UPDATES
OTHER UPDATES
We hope you like our publication. We look forward to your suggestions.
Please feel free to contact us at [email protected]
We are pleased to share with you the link to our newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India.
We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any clarification, please write to:
Mr. Shammi Kapoor
Senior Partner
[email protected]
Mr. Arnab Roy
Associate Partner
[email protected]
