Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Dec 31, 2020

SEBI’s Informal Guidance regarding Certain Provisions of the AIF Regulations

SREI Multiple Asset Investment Trust sought clarification on whether the existing SEBI norms limit ‘qualified buyer’ under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’) only to those AIFs which are body corporates for the purposes of subscribing to security receipts issued by an asset reconstruction company. In response, SEBI on October 26, 2020 stated that as per the existing regulatory framework, Categories II and III AIF established as a ‘trust’ may qualify as ‘qualified buyer’ under the SARFAESI Act and subscribe to security receipts issued by an asset reconstruction company, subject to the conditions mentioned in the Notification dated May 16, 2018 issued by the RBI, the AIF Regulations, SARFAESI Act and other applicable laws.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

Discontinuation of Paper-based KYC Process

Jan 23, 2024 | Technology Media and Telecommunication
Inter Alia

Cross Border Payment Aggregators Brought under Purview of RBI

Jan 23, 2024 | Private Equity & Venture Capital Regulatory & Securities
Inter Alia

Constitution Bench of SC Upheld ‘Group of Companies’ Doctrine

Jan 23, 2024 | Corporate / Mergers & Acquisitions Dispute Resolution