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Investment Law Securities

Partial Measures: How SEBI’s REIT & InvIT Reforms Fall Short of Global Standards

Nayonika Sharma and Morvi Sharma I. Introduction On February 5, SEBI released Consultation Paper titled “Measures Towards Ease of Doing Business for REITs and InvITs,” proposing four amendments to the SEBI (Infrastructure Investment Trusts) Regulations, 2014. The proposals are based on recommendations of the Hybrid Securities Advisory Committee [“HYSAC”].  This blog contends that, while the […]

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Taxation

Beyond Revocability Transitional Fairness in Tax Exemption Withdrawal

Qazi Ahmad Introduction The Supreme Court recently held that the State can withdraw earlier granted Tax exemptions to industries in public interest in State of Maharashtra v. Reliance Industries Ltd. However, the case is being treated as a minor issue of a decision to withdraw a Tax exemption of electricity-duty. However, such a reading diminishes […]

Categories
Securities

Trapped Capital, Silent Funds: Rethinking SEBI’s AIF Exits

Anuja Chatterjee & Sahil Singh Introduction: The Exit Problem in India’s Growing AIF Market The growth of Alternative Investment Fund (AIF) in India has been remarkable since the introduction of AIF Regulations in 2012 by the Securities and Exchange Board of India (SEBI). By FY 202425, the industry will have more than 1,300 registered funds […]