Asset management company approvals: Board may reject applications failing eligibility criteria under regulation 16 for approval. Where an application under regulation 15 seeks grant of approval for an asset management company, the central regulatory authority may reject the ... Summary
Securities and Exchange Board of India (Mutual Funds) Regulations, 2026
Asset management company approvals: Board may reject applications failing eligibility criteria under regulation 16 for approval.
Where an application under regulation 15 seeks grant of approval for an asset management company, the central regulatory authority may reject the application if the applicant does not meet the eligibility criteria specified in regulation 16, making failure to satisfy those requirements a basis for refusal of approval.
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