TikTok owner to suffer loss of around $6 billion due to India's ban Bombardier Transport bags contract for supply of 67 trains in Kanpur and Agra Metro project Air France to cut 7,500 job due to Coronavirus pandemic Record fertilizer sale of 111.61 lakh MT recorded during Lockdown (See 'Corpbrief') Haryana to provide tap connections to all rural households by Dec, 2022 (See 'Corpbrief') Intel Capital to invest Rs. 1,894.50 crore in Jio Platforms (See 'Brief') New STP - Business captains call for dovetailing industry & academia (See 'Brief') ICMR encourage Bharat Biotech to introduce coronavirus vaccine by August 15, 2020 Muthoot Finance Board to consider stock split proposal on July 18, 2020 Cadila Health shares shoots up after its covid vaccine gets DCGI nod Jal Jeevan Mission: 19 lakh households provided tap connections during Lockdown (See 'Brief') Fit India - Sports heroes to speak to school children from today (See 'Brief') Movement of record 73 fertiliser rakes in a single day on June 30: Govt (See 'Brief') SEBI (Issue Of Capital And Disclosure Requirements) (Third Amendment) Regulations, 2020 (See 'Dashboard') SEBI - Noticee placed its first sell order well after when CNTV 18 started covering story of MFL: SEBI (See 'Legal Desk') Arbitration and Conciliation - There is no reason to decline enforcement of award if judgment debtors does not file any objections to enforcement pettion and decree holder fulfils all requirement u/s 47: HC (See 'Legal Desk') SEBI (Substantial Acquisition Of Shares And Takeovers) (Third Amendment) Regulations, 2020 (See 'Dashboard') SEBI (Issue Of Capital And Disclosure Requirements) (Third Amendment) Regulations, 2020 (See 'Dashboard') Trade Marks Act - When marks LULIBET and LABEBET are compared as whole, defendant's mark is phonetically, visually and structurally similar to that of plaintiff mark: HC (See 'Legal Desk') Trade Marks Act - Term 'magic' is not an invented or distinctive word & as it qualifies as laudatory word, such term cannot be monopolised as it is common to trade: HC (See 'Legal Desk') IBC - Civil court has jurisdiction to entertain suit against corporate debtor in case of infringement of copyright even if insolvency proceedings are pending before NCLT: HC (See 'Legal Desk') MCA21 Ticketing and Voice Help Desk is functional now In order to settle kickback charges in US, Novartis pays $729 million Patanjali gets nod to sell 'Coronil kit' as immunity booster Gowda reviews progress of RFCL's Ramagundam project (See 'Corpbrief') Petroleum Products demand limping back to normal (See 'Corpbrief') Relaxation from compliance to REITs and InvITs due to the CoVID-19 virus pandemic (See 'Dashboard') Standard Operating Procedure in the cases of Trading Member / Clearing Member leading to default (See 'Dashboard') IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2020 (See 'Dashboard') Special liquidity scheme for NBFCs/HFCs (See 'Dashboard') A boiler blast at Tamil Nadu's Neyveli Lignite Power Plant and kills six people Hero MotoCorp's June sales decline by 26% DHL temporarily suspends picking up import shipments from China to India SLS Trust for Recovery of Debts and Bankruptcy Act (See 'Dashboard') Collection of stamp duty on issue, transfer and sale of units of AIFs (See 'Dashboard') Indian Oil, NTPC & SDMC ink MoU for Waste to Energy plant in Delhi (See 'Brief') India's AI-enabled MyGov Corona Helpdesk bags two awards at Global Summit (See 'Brief')

SECURITIES AND EXCHANGE BOARD OF INDIA

CIRCULAR NO

SEBI/HO/IMD/DF1/CIR/P/2020/111, Dated: June 29, 2020

All Portfolio Maagers

Subject: 'Guidelines for Portfolio Managers' - Extension of implementation timeline

1. In light of market events due to CoVID-19 pandemic, SEBI, vide Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/57 dated March 30, 2020 extended, inter alia, the timeline for applicability of SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020 on ‘Guidelines for Portfolio Managers’.

2. After taking into consideration requests received from portfolio managers and the prevailing business and market conditions, it has been decided to extend the timeline for compliance with the requirements of SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020, by further three months. Accordingly, the provisions of said SEBI Circular shall be applicable with effect from October 01, 2020.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and shall come into force with immediate effect.

4. This Circular is available on SEBI website at www.sebi.gov.in under the categories "Legal-Circulars" and "Info for - Portfolio Managers".

Naveen Sharma
General Manager

TIOL CORP SEARCH

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