Mutual fund registration requirements mandate submission of organisational, financial and governance disclosures with draft trust and management agreements. Applications for Mutual Fund registration require sponsors to furnish detailed organisational, financial and governance disclosures, including incorporation documents, objects, capital and shareholding, audited financials, accounting policies, internal systems and controls, bankers and auditors, litigation history, and draft trust deed, investment management and custodian agreements; trusteeship and asset management arrangements must be documented with board composition, systems, net worth certification, and the draft trust deed must allocate trustees' and asset manager's responsibilities, investment limits, unit policies, disclosure and oversight rights.
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Provisions expressly mentioned in the judgment/order text.
Mutual fund registration requirements mandate submission of organisational, financial and governance disclosures with draft trust and management agreements.
Applications for Mutual Fund registration require sponsors to furnish detailed organisational, financial and governance disclosures, including incorporation documents, objects, capital and shareholding, audited financials, accounting policies, internal systems and controls, bankers and auditors, litigation history, and draft trust deed, investment management and custodian agreements; trusteeship and asset management arrangements must be documented with board composition, systems, net worth certification, and the draft trust deed must allocate trustees' and asset manager's responsibilities, investment limits, unit policies, disclosure and oversight rights.
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