Central Government appoints multiple Registrars of Companies with territorial jurisdictions under Section 396, Companies Act, 2013, effective 1 Januar...
Regulator amends adviser rules to permit registered investment advisers to provide a "second opinion" on client assets held under pre-existing distribution arrangements and to charge AUA-based fees on those assets up to 2.5% per annum, provided advisers annually disclose and obtain client consent that distributor charges on those assets will continue to apply. The amendment revises the master circular clause that previously required deduction of such assets from AUA for fee purposes; the change is effective immediately and is issued under the regulator's statutory powers to protect investors and regulate the securities market.
Regulator amends adviser rules to permit registered investment advisers to provide a "second opinion" on client assets held under pre-existing distribution arrangements and to charge AUA-based fees on those assets up to 2.5% per annum, provided advisers annually disclose and obtain client consent that distributor charges on those assets will continue to apply. The amendment revises the master circular clause that previously required deduction of such assets from AUA for fee purposes; the change is effective immediately and is issued under the regulator's statutory powers to protect investors and regulate the securities market.
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