Regulation 20 - Appointment of an asset management company
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 Chapter IV CONSTITUTION AND MANAGEMENT OF ASSET MANAGEMENT COMPANY AND CUSTODIAN
Contents
Rules & Regulations
Case Laws New
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Asset management company appointment requires sponsor or authorised trustee; termination by trustees or large unit-holder vote; changes need Board approval. Regulation 20 requires the sponsor, or the trustee if authorised by the trust deed, to appoint an asset management company approved by the Board; ... Summary
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Asset management company appointment requires sponsor or authorised trustee; termination by trustees or large unit-holder vote; changes need Board approval.
Regulation 20 requires the sponsor, or the trustee if authorised by the trust deed, to appoint an asset management company approved by the Board; termination of that appointment may be by majority of trustees or by a substantial vote of unit holders; and any change in appointment must receive prior approval of the Board and the unit holders.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.