https://www.taxtmi.com/circulars?id=61110 Persons providing professional services to, or having material pecuniary relationships with, a mutual fund, AMC, trustee company or sponsor shall be treated as associate directors and not independent. Trustees must assess materiality of pecuniary ties. Existing directors must be classified as independent or associate and SEBI informed if board composition fails to meet independent-director requirements, with proposed remedial steps. The director bio-data format must add queries on professional services and pecuniary relationships, include an independent-director declaration on absence of material pecuniary ties, and the cooling-off provision applies. en-us Thu, 29 Aug 2002 00:00:00 +0530 Sat, 25 May 2019 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61110 Persons providing professional services to, or having material pecuniary relationships with, a mutual fund, AMC, trustee company or sponsor shall be treated as associate directors and not independent. Trustees must assess materiality of pecuniary ties. Existing directors must be classified as independent or associate and SEBI informed if board composition fails to meet independent-director requirements, with proposed remedial steps. The director bio-data format must add queries on professional services and pecuniary relationships, include an independent-director declaration on absence of material pecuniary ties, and the cooling-off provision applies. Circulars SEBI Thu, 29 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61110