https://www.taxtmi.com/acts?id=35249 Regulation 49I requires trustees of real estate mutual fund schemes to ensure the asset management company has necessary expertise, internal controls and risk management; to monitor due diligence; to ensure only permissible investments and banking channel transactions; to set criteria for broker empanelment and transaction procedures; to require systems and reports from the asset manager for effective monitoring and to confirm compliance in half yearly reports; to review unit market prices and recommend proportionate buybacks for steep discounts disclosed in the offer document; and to obtain prior in-principle stock exchange approval where required. en-us Sat, 19 Jan 2019 18:00:51 +0530 Fri, 06 Sep 2024 17:03:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35249 Regulation 49I requires trustees of real estate mutual fund schemes to ensure the asset management company has necessary expertise, internal controls and risk management; to monitor due diligence; to ensure only permissible investments and banking channel transactions; to set criteria for broker empanelment and transaction procedures; to require systems and reports from the asset manager for effective monitoring and to confirm compliance in half yearly reports; to review unit market prices and recommend proportionate buybacks for steep discounts disclosed in the offer document; and to obtain prior in-principle stock exchange approval where required. Act-Rules SEBI Sat, 19 Jan 2019 18:00:51 +0530 https://www.taxtmi.com/acts?id=35249