Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Asset management companies must ensure due diligence, disclosures, conflict of interest controls, remuneration investment rules, and reporting obligations. Regulation 22 requires AMCs to exercise investment and operational due diligence, maintain systems and key personnel, invest prescribed amounts and align employee remuneration investments with schemes; enforce strict responsibilities on CEOs, fund managers, dealers and compliance officers including immediate reporting of non-compliance; mandate disclosures and limits on transactions with associates, broker concentration limits with written justifications, and disclosure of large single-company investments; and require valuation norms, market-abuse deterrence, whistleblower policies, investor protection committees, stress testing, trustee oversight, and continuing liability despite termination.
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.
Asset management companies must ensure due diligence, disclosures, conflict of interest controls, remuneration investment rules, and reporting obligations.
Regulation 22 requires AMCs to exercise investment and operational due diligence, maintain systems and key personnel, invest prescribed amounts and align employee remuneration investments with schemes; enforce strict responsibilities on CEOs, fund managers, dealers and compliance officers including immediate reporting of non-compliance; mandate disclosures and limits on transactions with associates, broker concentration limits with written justifications, and disclosure of large single-company investments; and require valuation norms, market-abuse deterrence, whistleblower policies, investor protection committees, stress testing, trustee oversight, and continuing liability despite termination.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.