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of <h1>SEBI Mandates Mutual Funds and AMCs to Complete Investor Documentation for New and Existing Accounts by November 2010 Deadline.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to all mutual funds and asset management companies (AMCs) requiring the completion and maintenance of investor-related documents. SEBI noted that incomplete documentation restricts investors' direct access to AMCs. To address this, new accounts must only be opened after ensuring all necessary documents are available with AMCs, not just distributors. Existing accounts must be updated with all required documents by November 15, 2010. Trustees must confirm compliance through an independent audit by November 22, 2010. This directive aims to protect investors and regulate the securities market effectively.
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