Obligations of eligible fund managers require compliance with tax rules, segregation of funds, custody and reporting obligations. Obligations of eligible fund managers include compliance with tax provisions under Section 9A, offering discretionary or advisory services per contract, making material disclosures, maintaining segregated books and accounts, ensuring segregation of funds and securities for each eligible investment fund and from other clients, appointing a custodian unless already appointed, keeping fund monies in scheduled commercial banks where applicable, maintaining additional records as required, providing quarterly reports to the Board, and complying with anti money laundering requirements and Board regulations.
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.
Obligations of eligible fund managers require compliance with tax rules, segregation of funds, custody and reporting obligations.
Obligations of eligible fund managers include compliance with tax provisions under Section 9A, offering discretionary or advisory services per contract, making material disclosures, maintaining segregated books and accounts, ensuring segregation of funds and securities for each eligible investment fund and from other clients, appointing a custodian unless already appointed, keeping fund monies in scheduled commercial banks where applicable, maintaining additional records as required, providing quarterly reports to the Board, and complying with anti money laundering requirements and Board regulations.
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