Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Circular: Mutual Funds Must Disclose Large Holdings, Prohibit Commission Payments to Associates, and Reimburse Past Payments.</h1> The circular issued by SEBI mandates that mutual funds disclose any large unit holdings exceeding 25% of the NAV in their schemes. This information must be included in allotment letters post-IPO and in annual and half-yearly reports. Additionally, the circular addresses the issue of mutual funds paying brokerage or commissions to associate entities for unit subscriptions, clarifying that such payments are prohibited. Mutual funds that have previously made such payments are required to reimburse the amounts to the respective schemes and report compliance to SEBI within 30 days, detailing the reimbursed commission amounts.
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