Fair valuation principles require asset management companies to compute, publish valuations and compensate investors for inappropriate valuation. Asset management companies must compute and publish scheme investment valuations per the Eighth Schedule's Principles of Fair Valuation, which require valuations to reflect realizable value, be based on board approved policies and methodologies, include procedures for exceptional events, periodic independent review, documentation of valuation rationales (including inter scheme transfers), disclosure in the Statement of Additional Information and on the website, and measures to address conflicts of interest; AMCs retain ultimate responsibility for true and fair valuation and correct NAV, with permitted deviations subject to board reporting and investor disclosure.
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Provisions expressly mentioned in the judgment/order text.
Fair valuation principles require asset management companies to compute, publish valuations and compensate investors for inappropriate valuation.
Asset management companies must compute and publish scheme investment valuations per the Eighth Schedule's Principles of Fair Valuation, which require valuations to reflect realizable value, be based on board approved policies and methodologies, include procedures for exceptional events, periodic independent review, documentation of valuation rationales (including inter scheme transfers), disclosure in the Statement of Additional Information and on the website, and measures to address conflicts of interest; AMCs retain ultimate responsibility for true and fair valuation and correct NAV, with permitted deviations subject to board reporting and investor disclosure.
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