Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
SEBI Permits Investment Advisers and Research Analysts to use Liquid & Overnight Mutual Funds for Mandatory Bank Deposit under Lien
The Securities and Exchange Board of India (SEBI) allowed investment advisers and research analysts to meet their mandatory bank deposit requirements under lien by using investments in liquid overnight mutual funds. This regulatory flexibility aims to improve liquidity management while maintaining safeguards. It benefits intermediaries by allowing returns on otherwise idle compliance-related funds.