Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 Chapter IV CONSTITUTION AND MANAGEMENT OF ASSET MANAGEMENT COMPANY AND CUSTODIAN
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Custodian agreement requirement ensures mutual funds formalise custodial services with trustee approval for governance. Mutual funds must enter into a custodian agreement that contains clauses necessary for efficient and orderly conduct of custodian affairs, and the agreement, service contract, terms and appointment of the custodian require prior approval of the trustees.
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.
Provisions expressly mentioned in the judgment/order text.
Custodian agreement requirement ensures mutual funds formalise custodial services with trustee approval for governance.
Mutual funds must enter into a custodian agreement that contains clauses necessary for efficient and orderly conduct of custodian affairs, and the agreement, service contract, terms and appointment of the custodian require prior approval of the trustees.
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