The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized money changers or dealers are the businesses granted Full ...
Regulations, 2015 A new Regulation 15(1)(h) has been inserted through which the investments made by Category I and Category II Alternative Investment Funds in the shares of entities listed on the institutional trading platform have been deemed to be investment in "Unlisted Securities" for the pu...
Para 26A of the CIC Master Directions deals with Investments in AIFs. The language of the provisions suggest that CICs are permitted to invest in AIFs. However, this provision introduces a significant legal contradiction that undermines the regulatory framework governing CICs. According to theDoctri...
The Grand Master of the Order of the Legion of Honour is the President of the French Republic. On behalf of the President of the French Republic, H.E. Mr. Thierry Mathou, Ambassador of France to India, presented the award to Roshni Nadar Malhotra in Delhi. HCLTech is an IT services co...
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what cannot be achieved directly cannot be permitted indirectly. By allowing CICs to invest in AIFs, Para 26(a) effectively circumvents the explicit restriction on investments outside group companies. This indirect allowance is inconsistent with the foundational objectives of the CIC Master Directions...