Conflict of interest restriction: mutual fund key personnel barred from venture capital fund governance; VCFs must confirm compliance promptly. A regulatory directive prohibits Key Personnel of mutual funds-defined to include the chief executive (by whatever designation), chief investment officer, fund managers and departmental heads of an asset management company or investment manager-from serving on the board or in governance or investment roles of venture capital funds. Venture capital funds must confirm compliance within the period prescribed in the circular; the guidelines are issued by the Board under its statutory authority.
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.
Conflict of interest restriction: mutual fund key personnel barred from venture capital fund governance; VCFs must confirm compliance promptly.
A regulatory directive prohibits Key Personnel of mutual funds-defined to include the chief executive (by whatever designation), chief investment officer, fund managers and departmental heads of an asset management company or investment manager-from serving on the board or in governance or investment roles of venture capital funds. Venture capital funds must confirm compliance within the period prescribed in the circular; the guidelines are issued by the Board under its statutory authority.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
