Ankit Bhasin

SEBI Proposes Easing Disclosure Requirements for Foreign Portfolio Investors

By / Investments / October 15, 2024

The Securities and Exchange Board of India (SEBI) is considering changes to its disclosure requirements for foreign portfolio investors (FPIs). In 2023, SEBI tightened regulations to address concerns about FPIs potentially using concentrated investments to bypass rules, particularly those with connections to investors from land-bordering countries (LBCs). However, recognising the operational challenges this posed for …

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Proposal to Amend FPI Regulations for Removing Additional Disclosures

By / Regulatory / August 8, 2024

Background The Securities and Exchange and Board of India (“SEBI”) observed in 2023 that certain foreign portfolio investors (“FPIs”) held a concentrated portion of their equity portfolio in a single investee company or corporate group. Such concentrated investments raised concerns that promoters of such investee companies or corporate groups, or other investors acting in concert, …

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SEBI Approves Borrowings for AIFS to Cover Deficit in Investor Drawdown

SEBI Approves Borrowings for AIFS to Cover Deficit in Investor Drawdown

By / Regulatory / July 17, 2024

In its recent board meeting on June 27, 2024 (“Board Meeting“), the Securities and Exchange Board of India (“SEBI”) approved a number of proposals, including, in particular, approving Category I and Category II Alternate Investment Funds (“AIFs”) to borrow funds for up to 30 days in order to temporarily cover a deficit in investor drawdown …

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RoC’s increasing scrutiny on compliances

By / Corporate and Commercial / June 27, 2024

Background and Order By way of its order dated May 28, 2024, the Registrar of Companies (“RoC”) has imposed a penalty on India Containers Limited (“ICL”) and its directors for a total amount of approximately INR 3,00,000 on account of non-filing of annual return under Section 92 of the Companies Act, 2013 (“Act”). Under Section …

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roc fines mr. satya nadella, linkedin india and others for violating sbo norms

RoC fines Mr. Satya Nadella, Linkedin India and others for violating SBO norms

By / Compliance / June 5, 2024

By way of its order dated May 22, 2024, the Registrar of Companies (“RoC”) has imposed a penalty on Microsoft Chief Satya Nadella and eight other executives for an amount of approximately INR 28 lacs on account of violating requirements related to beneficial interest and significant beneficial ownership under the Companies Act, 2013 (“Act”) in …

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