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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.

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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.

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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.

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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.

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Oct 30, 2024

SEBI Notifies Date for Applicability of PIT Regulations on Mutual Funds

SEBI, by way of Notification dated July 25, 2024, has notified November 1, 2024, as the effective date for implementation of the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2022 (‘2022 Amendment’) (‘PIT Regulations’). The 2022 Amendment, which was issued on November 24, 2022, extended the applicability of the PIT Regulations to mutual funds, and provided, inter alia, for restrictions on communication in relation to and trading by insiders in the units of mutual funds. In such case, ‘insider’ would mean any person who is: (i) in possession of or having access to unpublished price sensitive information (‘UPSI’) pertaining to a scheme; or (ii) any person who, directly or indirectly, in any capacity, is associated or has been associated during the two months prior to the concerned act with the mutual fund, asset management company and trustees, and has access to UPSI.

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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.

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