Category: Business

What is Benami Law in India?

The Benami Transactions (Prohibition) Act, enacted in 1988, prohibits “Benami” transactions and gives the government the power to confiscate “Benami” property. What is a Benami property? “Benami” is a Hindi word meaning “without a name”. A “Benami” transaction is performed

Sebi comes out with disclosure requirements for AMCs

Capital markets regulator Sebi on Thursday issued the Disclosure Framework for Asset Management Companies, which mandates scheduled disclosure of investments in securities of companies that are exempt from the definition of “affiliated companies”. This comes after Sebi changed mutual fund