Common law principle is that everything is permitted unless prohibited. So the new rules will almost certainly be prospective in nature, says Sandeep Parekh, Founder, Finsec Law Advisors. Excerpts from an interview by ETNOW.
What are you making of Sebi’s new guideline that MFs cannot have standstill pact with borrowes, particularly in the context of recent cases for example what we are seeing with Zee?
I have a contrarian ..
