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 Relaxes SIF Norms, Exempts Mandatory AMC Staff Investments from ₹10 Lakh Rule
SEBI (Securities and Exchange Board of India) has relaxed norms for Senior Investment Fund (SIF), exempting mandatory investments by Asset Management Company (AMC) staff from the ₹25 lakh rule. This relaxation aims to provide greater flexibility to AMCs and their employees in making investments in SIFs, potentially encouraging more participation. The earlier rule mandated a minimum investment of ₹25 lakh for certain AMC staff.