Introduction

Edition 6th 22-23

Week – May 09th to May 13th

Quote for the week:

“One of the tests of leadership is the ability to recognize a problem before it becomes an emergency”

– Arnold H. Glasow”.          

We welcome you to our weekly newsletter!

The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We hope that you liked our previous editions and found it to be of great value in its content. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.

Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various Circulars/notifications issued by certain regulatory authorities such as the Securities and Exchange Board of India (“SEBI”) and orders passed by the SEBI and National Company Law Appellate Tribunal (“NCLAT”)

The Regulatory authorities provided various updates/relaxations, some of which being:

1. SEBI notifies amended regulation for Infrastructure Investment Funds.
2. SEBI issues notification amending Collective Investments Scheme Regulation, 1999.

We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements / orders issued during the week of May 09, 2022 to May 13, 2022.

Thank you,

Swift team

Table of Contents

 REGULATORY UPDATES

SEBI

1. SEBI vide notification has made amendment in Infrastructure Investment Trusts Regulations 2014
2. SEBI has issued a notification on amendment in Collective Investments Scheme (CIS) Regulation, 1999
3. SEBI vide press release no. 16/2022 grants NSDL Database Management Limited (NDML) to act as an Accreditation Agency
4. SEBI has issued the circular granting relaxation of certain provisions of SEBI (Listing Obligations and Disclosure Regulations) 2015

JUDGEMENTS AND ORDERS

SEBI

1. In the matter of M/s Adamina Traders Private Ltd. SEBI has imposed penalty of INR. 10,00,000/- on Noticee for violation of certain provisions of PFUTP Regulations

NCLAT

1. NCLAT set aside the order passed by Adjudicating authority basis the fact that there was pre pre-existing dispute with regard to the Operational Debt claimed