https://www.taxtmi.com/notifications?id=128736 Amendments clarify trustees as the board of trustees or trustee company and impose enhanced trustee obligations including quarterly disclosures of securities dealings, comprehensive general and specific due diligence duties (selection and oversight of asset management company directors, audit and compliance reporting, contract checks, immediate reporting of developments, meetings and minutes, and a code of ethics), and protections for trustees acting in good faith. Exceptions to unitholder consent for open-ended schemes are provided subject to notice, prescribed advertising and an exit option at prevailing NAV. Investment concentration limits, derivatives-for-hedging on recognized exchanges, stricter advertising and disclosure rules, and trustee meeting and quorum requirements are also introduced. en-us Wed, 08 Dec 1999 00:00:00 +0530 Thu, 28 Feb 2019 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128736 Amendments clarify trustees as the board of trustees or trustee company and impose enhanced trustee obligations including quarterly disclosures of securities dealings, comprehensive general and specific due diligence duties (selection and oversight of asset management company directors, audit and compliance reporting, contract checks, immediate reporting of developments, meetings and minutes, and a code of ethics), and protections for trustees acting in good faith. Exceptions to unitholder consent for open-ended schemes are provided subject to notice, prescribed advertising and an exit option at prevailing NAV. Investment concentration limits, derivatives-for-hedging on recognized exchanges, stricter advertising and disclosure rules, and trustee meeting and quorum requirements are also introduced. Notifications SEBI Wed, 08 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128736