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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Amendment in Securities and Exchange Board of India Act, 1992

01-Apr-2021 | NA

SEBI has made an amendment in Regulation 12 of Chapter V of Securities and Exchange Board of India Act, 1992 via Finance Act, 2021 (13 of 2021) w.e.f. April 1, 2021.

After Regulation 12(1B), Regulation 12(1C) has been inserted-
"No person shall sponsor or cause to be sponsored or carry on or cause to be carried on the activity of an alternative investment fund or a business trust as defined in clause (13A) of section 2 of the Income-tax Act, 1961, unless a certificate of registration is granted by the Board in accordance with the regulations made under this Act."

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