https://www.taxtmi.com/circulars?id=58771 SEBI mandates abolition of entry load and requires application forms to disclose that upfront distributor commission is paid directly by investors. A limited portion of exit load/CDSC may be retained in a separate account for distributor commissions and marketing, with any excess credited immediately to the scheme. Distributors must disclose all commissions payable for competing schemes. AMCs must update scheme documents, inform distributors and monitor compliance, while continuing to recover permissible recurring marketing and selling expenses from schemes within regulatory limits. en-us Tue, 30 Jun 2009 00:00:00 +0530 Fri, 28 Dec 2018 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58771 SEBI mandates abolition of entry load and requires application forms to disclose that upfront distributor commission is paid directly by investors. A limited portion of exit load/CDSC may be retained in a separate account for distributor commissions and marketing, with any excess credited immediately to the scheme. Distributors must disclose all commissions payable for competing schemes. AMCs must update scheme documents, inform distributors and monitor compliance, while continuing to recover permissible recurring marketing and selling expenses from schemes within regulatory limits. Circulars SEBI Tue, 30 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58771