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Equity funds are expected to see some leeway but not much of a relaxation may be granted to debt funds. A cap on the exposure of an NBFC to an AIF may also be introduced.
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], July 20: India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), held the IVCA Secondaries Conference on 20th July 2023 in Mumbai, in association with Goodwin and Khaitan & Co. Through this conference, IVCA aims to educate Indian fund managers about the potential benefits of engaging in secondaries transactions, an evolving asset class providing much needed liquidity to fund managers and accelerate the growth of the seconda...
Read more about Sponsor investments in IFSC AIFs to come under the automatic route on Business Standard. RBI relaxation to allay round tripping concerns associated with sponsor commitment and shorten fund set-up time in IFSC
The onus to regulate the proposed exchange for spot gold has fallen on the Securities and Exchange Board of India. The statutory body currently regulates the equities market along with commodity futures market. “In the budget of 2018-19, government had announced its intent to establish a system of regulated gold exchanges in the country. For the purpose, Sebi will be notified as the regulator and the Warehousing Development and Regulatory Authority (WDRA) will be strengthened to set up a commodity market eco system arrangement including vaulting, assaying, logistics etc in addition to war...
A leading investor association has raised questions about the legality of the voting process for the winding up of six funds that Franklin Templeton Asset Management (India) manages. There was no postal intimation to unitholders who didn’t have a registered email address, according to a letter that Midas Touch Investors Association sent to the Securities and Exchange Board of India (Sebi). It added also argued that unitholders should have a vote in proportion to their holdings. “The principle of one vote per shareholder violates the right of the unitholder, and hence is Illegal,” sai...