Employee remuneration investment requirement mandates AMCs to invest part of staff pay in mutual fund units, increasing alignment. The asset management company must invest a Board specified percentage of designated employees' remuneration in mutual fund units; must conduct Board specified stress testing of schemes and disclose results in the prescribed form and manner; must deploy new fund offer proceeds within a Board specified timeframe; and may pay distribution charges, commissions or fees in the manner specified by the Board.
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.
Employee remuneration investment requirement mandates AMCs to invest part of staff pay in mutual fund units, increasing alignment.
The asset management company must invest a Board specified percentage of designated employees' remuneration in mutual fund units; must conduct Board specified stress testing of schemes and disclose results in the prescribed form and manner; must deploy new fund offer proceeds within a Board specified timeframe; and may pay distribution charges, commissions or fees in the manner specified by the Board.
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