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Swift e-Bulletin

Introduction

Edition 02nd 2023-24

    Week – April 10th to April 14th

Quote for the week:

“Take Extra Time for yourself; you might discover the important things you were missing and they reach out for you.”

Kim Seokjin

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 Exchange Board of India (“SEBI”).

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

  1. SEBI vide Circular dated April 10, 2023 detailed the Direct plan for schemes of Alternative Investment Funds (AIFs) and trail model for distribution commission in AIFs.
  2. SEBI vide Circular dated April 10, 2023 issued Guidelines with respect to excusing or excluding an investor from an investment of Alternative Investment Funds (“AIF”).

We have prepared a comprehensive summary for quick reference of the aforesaid and other updates issued during the week of April 10th to April 14th.

Thank you,

Swift team


REGULATORY UPDATES

SEBI

  1. SEBI vide Circular dated April 10, 2023 detailed the Direct plan for schemes of Alternative Investment Funds (AIFs) and trail model for distribution commission in AIFs
  2. SEBI vide Circular dated April 10, 2023 issued Guidelines with respect to excusing or excluding an investor from an investment of Alternative Investment Funds (“AIF”)
  3. SEBI vide Circular dated April 11, 2023 formulated parameters of price bands for the first day of trading pursuant to Initial Public Offering (IPO), re-listing etc. in normal trading session
  4. SEBI vide Circular dated April 13, 2023 issued a framework for Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities

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About Swift

Swift India Corporate Services LLP (“Swift”) (Formerly known as SwiftIndiaInc Corporate Services Private Limited) established in the year 2005, is an associate entity of Nishith Desai Associates — Legal & Tax Counseling Worldwide (legal and tax consulting firm).

We are a team of professionals with rich corporate, legal and secretarial backgrounds. We are a premier corporate compliance firm that caters to the needs and demands of our global clients. Swift aims to provide quick and pragmatic corporate solutions alongside high-quality compliances.

  


 

Swift India Corporate Services LLP

 

Regd. Office: 91-92 B, Mittal Court, Nariman Point, Mumbai 400 021, India

LLPIN: AAH-4705, registered under the Limited Liability Partnership Act, 2008

Tel +91 22 6669 5000, Fax +91 22 6669 5001

 


www.swiftindiallp.com