Networth requirement relaxed: asset management companies meeting remediation steps may be permitted limited scheme launches annually. Amendment to regulation 21(1)(f) replaces a cross-reference with the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2014 and inserts a proviso permitting the Board, when satisfied that an asset management company is taking steps to meet the networth requirement within the specified time, to allow that asset management company to launch a limited number of new schemes annually.
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.
Networth requirement relaxed: asset management companies meeting remediation steps may be permitted limited scheme launches annually.
Amendment to regulation 21(1)(f) replaces a cross-reference with the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2014 and inserts a proviso permitting the Board, when satisfied that an asset management company is taking steps to meet the networth requirement within the specified time, to allow that asset management company to launch a limited number of new schemes annually.
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