https://www.taxtmi.com/circulars?id=61188 The amendment mandates that trust deeds require trustees to meet at least once every two calendar months (minimum six meetings a year) and lowers the prescribed expense figure. It also establishes that where NAV discrepancies arise from non recording of transactions beyond the prescribed threshold, affected investors or the scheme must be compensated: schemes pay when investors received disadvantageous pricing; asset management companies pay to the scheme where investors were given advantageous pricing and may recover such amounts from investors. en-us Tue, 20 Aug 2002 00:00:00 +0530 Wed, 29 May 2019 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61188 The amendment mandates that trust deeds require trustees to meet at least once every two calendar months (minimum six meetings a year) and lowers the prescribed expense figure. It also establishes that where NAV discrepancies arise from non recording of transactions beyond the prescribed threshold, affected investors or the scheme must be compensated: schemes pay when investors received disadvantageous pricing; asset management companies pay to the scheme where investors were given advantageous pricing and may recover such amounts from investors. Circulars SEBI Tue, 20 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61188