Duties of asset management companies require robust internal controls and due diligence to protect infrastructure debt fund assets. AMCs must maintain adequate internal controls and risk management, exercise due diligence to prevent avoidable asset deterioration, record and forward written justifications for buy/sell decisions to trustees, ensure investments comply with the chapter and trust deed, obtain prior in-principle exchange approval for listings where required, and institute mechanisms for collection, monitoring and supervision of debt assets, appointing experienced service providers if needed.
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.
Duties of asset management companies require robust internal controls and due diligence to protect infrastructure debt fund assets.
AMCs must maintain adequate internal controls and risk management, exercise due diligence to prevent avoidable asset deterioration, record and forward written justifications for buy/sell decisions to trustees, ensure investments comply with the chapter and trust deed, obtain prior in-principle exchange approval for listings where required, and institute mechanisms for collection, monitoring and supervision of debt assets, appointing experienced service providers if needed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
