https://www.taxtmi.com/article/detailed?id=1648 AMCs are prohibited from conducting trading, unit holder servicing and investment operations outside India and must wind down existing overseas operations within a transitional period. Entry load abolition is preserved while remaining load balances may be used for marketing and distributor commissions subject to an annual cap. NBFCs are barred from taking capital stakes in partnership firms and must unwind existing participations; a separate microfinance category is created. Capital adequacy for off balance sheet items is revised, prior approval is required for overseas investments limited to regulated financial entities, and banks face limits on investments in short term mutual fund debt schemes. en-us Mon, 19 Mar 2012 11:18:55 +0530 Sat, 14 Sep 2013 23:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1648 AMCs are prohibited from conducting trading, unit holder servicing and investment operations outside India and must wind down existing overseas operations within a transitional period. Entry load abolition is preserved while remaining load balances may be used for marketing and distributor commissions subject to an annual cap. NBFCs are barred from taking capital stakes in partnership firms and must unwind existing participations; a separate microfinance category is created. Capital adequacy for off balance sheet items is revised, prior approval is required for overseas investments limited to regulated financial entities, and banks face limits on investments in short term mutual fund debt schemes. Articles Budget - Tax Proposals Mon, 19 Mar 2012 11:18:55 +0530 https://www.taxtmi.com/article/detailed?id=1648