The Securities Exchange Board of India (“SEBI”) carried out a regulatory revamp exercise of SEBI (Mutual Funds) Regulations, 1996 (“MF Regulations”) and various circulars issued under it by way of a circular on mutual fund(s) (“MF”) issued on March 4, 2021 (“MF Circular”), effective from March 5, 2021, thereby streamlining a robust regime governing the reporting, compliance and disclosure requirements applicable to asset management company(ies) (“AMC”) and the trustee(s) of such AMCs.
Continue Reading FIG Papers (No.4 : Series – 2): Indian Mutual Funds – New M&A Rules!

Karthik Koragal
Associate in the corporate and financial regulatory practice at the Mumbai office of Cyril Amarchand Mangaldas. Karthik has a demonstrated history of working in the regulatory, fintech and other fields of law. He has represented several Indian and multinational fintech, banking and asset management company on transactional and regulatory matters. Karthik advises financial services clients on matters before the Reserve Bank of India and Securities and Exchange Board of India. His transactional practice focus is on acquisitions, capital raising and commercial agreements. He can be reached at karthik.koragal@cyrilshroff.com.