https://www.taxtmi.com/circulars?id=58607 Depositories must require DPs collecting annual or half yearly upfront account maintenance charges to refund the unearned AMC to beneficial owners upon account closure or transfer, calculated on a pro rata quarterly basis from the account opening date; quarterly and monthly AMC regimes are excluded. Depositories must amend bye laws, notify DPs, publish the requirement and communicate to BOs under the regulator's statutory powers. en-us Thu, 01 Jul 2010 00:00:00 +0530 Mon, 24 Dec 2018 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58607 Depositories must require DPs collecting annual or half yearly upfront account maintenance charges to refund the unearned AMC to beneficial owners upon account closure or transfer, calculated on a pro rata quarterly basis from the account opening date; quarterly and monthly AMC regimes are excluded. Depositories must amend bye laws, notify DPs, publish the requirement and communicate to BOs under the regulator's statutory powers. Circulars SEBI Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58607