https://www.taxtmi.com/notifications?id=127771 An asset management company may become a proprietary trading member of a recognised stock exchange to carry out trades in the debt segment on behalf of a mutual fund. A custodian whose sponsor or its associates hold fifty per cent or more of its voting rights may act as custodian for a mutual fund of the same sponsor only if the sponsor maintains a specified net worth, a majority of custodial directors are independent of the sponsor, the custodian and the asset management company are not subsidiaries of each other, they share no directors, and both give undertakings to act independently in dealings with the scheme. en-us Mon, 19 Aug 2013 00:00:00 +0530 Sat, 05 Jan 2019 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127771 An asset management company may become a proprietary trading member of a recognised stock exchange to carry out trades in the debt segment on behalf of a mutual fund. A custodian whose sponsor or its associates hold fifty per cent or more of its voting rights may act as custodian for a mutual fund of the same sponsor only if the sponsor maintains a specified net worth, a majority of custodial directors are independent of the sponsor, the custodian and the asset management company are not subsidiaries of each other, they share no directors, and both give undertakings to act independently in dealings with the scheme. Notifications SEBI Mon, 19 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127771