Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
SEBI has clarified provisions regarding Investor Education and Awareness Initiatives under Chapter 10 of the Master Circular on Mutual Funds. AMCs must allocate minimum 2 basis points of daily net assets within total expense ratio limits for investor education initiatives. The clarification expands the scope to include financial inclusion initiatives subject to SEBI approval. The directive is issued under Section 11(1) of SEBI Act 1992 and Regulation 52 of MF Regulations 1996, aimed at investor protection and securities market development. The circular applies to all mutual funds, AMCs, trustee companies, and AMFI.
SEBI has clarified provisions regarding Investor Education and Awareness Initiatives under Chapter 10 of the Master Circular on Mutual Funds. AMCs must allocate minimum 2 basis points of daily net assets within total expense ratio limits for investor education initiatives. The clarification expands the scope to include financial inclusion initiatives subject to SEBI approval. The directive is issued under Section 11(1) of SEBI Act 1992 and Regulation 52 of MF Regulations 1996, aimed at investor protection and securities market development. The circular applies to all mutual funds, AMCs, trustee companies, and AMFI.
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