TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Amends 1996 Mutual Funds Regulations: New Trustee Definition, Reporting Duties, and Derivatives Use for Hedging.</h1> The Securities and Exchange Board of India (SEBI) has amended the Mutual Funds Regulations of 1996, effective upon publication in the Official Gazette. Key amendments include redefining 'Trustees' as the Board of Trustees or Trustee Company holding mutual fund properties for unitholders' benefit. Trustees must report securities transactions quarterly and exercise due diligence in asset management company appointments and operations. Open-ended schemes can change fundamental attributes without unitholder consent under specific conditions. Mutual funds must disclose underwriting obligations and can engage in derivatives for hedging. Investment limits in debt and equity instruments are specified, and advertising claims must be substantiated.
TaxTMI 
TaxTMI 
