https://www.taxtmi.com/circulars?id=63307 AMCs may provide management and advisory services only to specified FPI categories: government and government related investors, appropriately regulated entities (pension funds, insurance or reinsurance entities, banks and mutual funds), and appropriately regulated FPIs where those categories hold more than fifty percent. AMCs may continue pre existing agreements with other FPIs only for the agreement term or one year from the circular, whichever is earlier. The proviso to clause (vi) of Regulation 24(b) applies to these permitted categories and the provisions are effective immediately. en-us Mon, 16 Dec 2019 00:00:00 +0530 Tue, 17 Dec 2019 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63307 AMCs may provide management and advisory services only to specified FPI categories: government and government related investors, appropriately regulated entities (pension funds, insurance or reinsurance entities, banks and mutual funds), and appropriately regulated FPIs where those categories hold more than fifty percent. AMCs may continue pre existing agreements with other FPIs only for the agreement term or one year from the circular, whichever is earlier. The proviso to clause (vi) of Regulation 24(b) applies to these permitted categories and the provisions are effective immediately. Circulars SEBI Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63307