https://www.taxtmi.com/circulars?id=64225 Trustees must appoint a dedicated officer (qualified, minimum five years' finance/financial services experience) as an employee reporting directly to trustees and designated an access person; trustees must have standing arrangements with independent firms for special purpose audits and legal advice. Expenditure for these resources is to be charged under the clause for fees and expenses of trustees. Trustees continue to bear fiduciary responsibilities. The circular operates under regulatory powers to protect investors and regulate the market. en-us Mon, 10 Aug 2020 00:00:00 +0530 Mon, 10 Aug 2020 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64225 Trustees must appoint a dedicated officer (qualified, minimum five years' finance/financial services experience) as an employee reporting directly to trustees and designated an access person; trustees must have standing arrangements with independent firms for special purpose audits and legal advice. Expenditure for these resources is to be charged under the clause for fees and expenses of trustees. Trustees continue to bear fiduciary responsibilities. The circular operates under regulatory powers to protect investors and regulate the market. Circulars SEBI Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64225