https://www.taxtmi.com/news?id=20632 Amendments impose shareholding caps and fit and proper requirements for IPAs and similar rules for IUs; specified financial institutions and governments have higher or full equity allowances respectively. Governing Boards must include a managing director, independent directors and shareholder directors; independent directors face tenure limits and the managing director's appointment, renewal and termination require prior regulatory approval, with the managing director serving ex officio on key committees. Registered IPAs and IUs must comply within one year. en-us Fri, 12 Oct 2018 12:36:32 +0530 Fri, 12 Oct 2018 12:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20632 Amendments impose shareholding caps and fit and proper requirements for IPAs and similar rules for IUs; specified financial institutions and governments have higher or full equity allowances respectively. Governing Boards must include a managing director, independent directors and shareholder directors; independent directors face tenure limits and the managing director's appointment, renewal and termination require prior regulatory approval, with the managing director serving ex officio on key committees. Registered IPAs and IUs must comply within one year. News - Fri, 12 Oct 2018 12:36:32 +0530 https://www.taxtmi.com/news?id=20632