Voting obligations for mutual funds require compulsory voting on specified corporate and related-party resolutions and thereafter on all resolutions. Mutual funds must compulsorily cast votes on specified corporate governance matters and related party transactions; thereafter, voting on all other resolutions will also be compulsory from the specified later date. Funds with no economic interest on the record date may be exempted. Voting should be at the mutual fund level except where scheme-level voting is justified with a recorded rationale. Fund managers must provide quarterly declarations to trustees that votes were cast in unitholders' best interests, and trustees must confirm this in their half-yearly report to the regulator.
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.
Voting obligations for mutual funds require compulsory voting on specified corporate and related-party resolutions and thereafter on all resolutions.
Mutual funds must compulsorily cast votes on specified corporate governance matters and related party transactions; thereafter, voting on all other resolutions will also be compulsory from the specified later date. Funds with no economic interest on the record date may be exempted. Voting should be at the mutual fund level except where scheme-level voting is justified with a recorded rationale. Fund managers must provide quarterly declarations to trustees that votes were cast in unitholders' best interests, and trustees must confirm this in their half-yearly report to the regulator.
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