Asset management company activity restrictions require segregation, disclosure and investment limits, with infrastructure debt fund framework introduced. Amendments restrict asset management companies from acting as trustees and limit non-core activities to specified management and advisory services subject to segregation of accounts, capital adequacy, conflict-of-interest disclosure and mitigation, separate fund managers, and independence of remuneration; they ban AMC investments in their schemes without prior disclosure and prohibit core operations overseas with a wind-up requirement. The regulations introduce consolidated monthly and half-yearly account statements, expand permissible infrastructure debt investments, and create a detailed regulatory chapter for Infrastructure Debt Fund Schemes covering eligibility, investment limits, valuation, governance, disclosures and reporting.
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Asset management company activity restrictions require segregation, disclosure and investment limits, with infrastructure debt fund framework introduced.
Amendments restrict asset management companies from acting as trustees and limit non-core activities to specified management and advisory services subject to segregation of accounts, capital adequacy, conflict-of-interest disclosure and mitigation, separate fund managers, and independence of remuneration; they ban AMC investments in their schemes without prior disclosure and prohibit core operations overseas with a wind-up requirement. The regulations introduce consolidated monthly and half-yearly account statements, expand permissible infrastructure debt investments, and create a detailed regulatory chapter for Infrastructure Debt Fund Schemes covering eligibility, investment limits, valuation, governance, disclosures and reporting.
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