Management and advisory services by AMCs limited to specified FPI categories, with transitional continuance for existing agreements. AMCs may provide management and advisory services only to specified FPI categories: government and government related investors, appropriately regulated entities (pension funds, insurance or reinsurance entities, banks and mutual funds), and appropriately regulated FPIs where those categories hold more than fifty percent. AMCs may continue pre existing agreements with other FPIs only for the agreement term or one year from the circular, whichever is earlier. The proviso to clause (vi) of Regulation 24(b) applies to these permitted categories and the provisions are effective immediately.
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.
Management and advisory services by AMCs limited to specified FPI categories, with transitional continuance for existing agreements.
AMCs may provide management and advisory services only to specified FPI categories: government and government related investors, appropriately regulated entities (pension funds, insurance or reinsurance entities, banks and mutual funds), and appropriately regulated FPIs where those categories hold more than fifty percent. AMCs may continue pre existing agreements with other FPIs only for the agreement term or one year from the circular, whichever is earlier. The proviso to clause (vi) of Regulation 24(b) applies to these permitted categories and the provisions are effective immediately.
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