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        Case ID :
        SEBI

        Setting up of Limited Purpose Clearing Corporation (LPCC) by Asset Management Companies (AMCs) of Mutual Funds

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        Contribution basis for AMC capital revised to average AUM of debt-oriented schemes for the latest financial year; other terms unchanged. SEBI modifies its prior circular so that AMC contributions to the LPCC's share capital shall be calculated in proportion to the Average AUM of specified debt-oriented schemes for the 2020-21 financial year; scheme scope and all other terms and conditions of the earlier circular remain unchanged.
                    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.

                          Contribution basis for AMC capital revised to average AUM of debt-oriented schemes for the latest financial year; other terms unchanged.

                          SEBI modifies its prior circular so that AMC contributions to the LPCC's share capital shall be calculated in proportion to the Average AUM of specified debt-oriented schemes for the 2020-21 financial year; scheme scope and all other terms and conditions of the earlier circular remain unchanged.


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