https://www.taxtmi.com/notifications?id=135150 Amendments update definitions (including sponsor, exchange traded fund, equity related instruments, networth, relative), require AMCs to maintain specified networth continuously with trustees conducting quarterly reviews, exclude loans to sponsors/associates when computing AMC networth, shorten refund and unit-issuance timelines (refunds within five working days; units/demat timelines), require dematerialisation within two working days, set open-ended repurchase price floor at 95% of NAV, mandate segregation and ring-fencing of scheme assets and liabilities, and insert or omit multiple provisos and schedule clauses to align terminology and operational requirements. en-us Thu, 04 Feb 2021 00:00:00 +0530 Fri, 05 Feb 2021 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135150 Amendments update definitions (including sponsor, exchange traded fund, equity related instruments, networth, relative), require AMCs to maintain specified networth continuously with trustees conducting quarterly reviews, exclude loans to sponsors/associates when computing AMC networth, shorten refund and unit-issuance timelines (refunds within five working days; units/demat timelines), require dematerialisation within two working days, set open-ended repurchase price floor at 95% of NAV, mandate segregation and ring-fencing of scheme assets and liabilities, and insert or omit multiple provisos and schedule clauses to align terminology and operational requirements. Notifications SEBI Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135150