The AIF regulations to specify that SSFs shall not invest in or acquire a special situation asset if any of its investors is disqualified in terms of Section 29A of IBC (Insolvency and Bankruptcy Code) in relation to such special situation asset.”
The proposal presented by the Securities and Exchange Board of India (SEBI), the regulatory authority for capital markets, aims to bring about a substantial transformation in the manner in which mutual funds levy expenses on their customers.
The capital market regulator SEBI’s board approved several proposals, including decisions on share buyback, exchange governance, and market infrastructure, during its meeting on Tuesday. Get more Markets News and Business News on Zee Business.