About Clasis Law

Clasis Law is one of the leading full-service Indian law firms which provide speedy services while upholding the law and following every regulation in the book. The firm is recognized as highly professional and process-driven, with the necessary systems and infrastructure to provide hassle-free services to clients. It has an established capability and operational ability to advise clients across borders through its vibrant network of international law firms located around the globe, including in some of the most difficult jurisdictions in the world. The firm's clients range from Fortune 500 companies to SMEs and small businesses. In addition, it provides specialized services to international SMEs that choose India as their preferred investment destination.

Addendum to SEBI Circular on Development of Passive Funds

The Securities and Exchange Board of India (SEBI) vide circular No. SEBI/HO/IMD/DF2/CIR/P/2022/102 dated July 28, 2022 issued “Addendum to SEBI Circular on Development of Passive Funds”. This has reference to SEBI circular No. SEBI/HO/IMD/DOF2/P/CIR/2022/69 dated May 23, 2022 on “Development of passive funds”. The provisions of the said circular are applicable with effect from July 01, 2022.Clause 2(IV)(A) of the aforesaid circular prescribed that in respect of units of ETFs, direct transaction with AMCs shall be facilitated for investors only for transactions above a specified threshold of INR 25 Cr.Subsequently, feedback was received from stakeholders expressing certain challenges with respect to implementation of the above clause. Considering the same, it has been decided that the applicability of clause 2(IV)(A) of the circular shall be November 01, 2022.

Clasis Law


The website www.clasislaw.com contains general information only for the convenience and use of its clients and is not intended to be any kind of solicitation or source of advertising.

By proceeding further and clicking “I AGREE” button herein below, I acknowledge that I of my own accord wish to access this website in order to know more about Clasis Law. As per the rule of Bar Council of India, there has been no solicitation, invitation or inducement of any sort whatsoever from the firm or any of its members to create a Lawyer-Client relationship through this website. This website is not intended to provide any legal advice and Clasis Law does not assume any responsibility for any acts or omissions arising from the use of information published in this website.

The content of this website is also the intellectual property of the firm.

I acknowledge having read and understood the Disclaimer and terms & conditions as stated above.