https://www.taxtmi.com/notifications?id=135457 Regulation 7B establishes shareholding and governance norms prohibiting sponsors, associates or group companies, including an asset management company, from holding substantive stake or voting rights in, or having board representation on, the AMC or trustee company of any other mutual fund; similarly, any shareholder holding such stake in an AMC or trustee company of a mutual fund is barred from holding equivalent stakes or board representation in another fund's AMC or trustee. Non-conforming persons must comply within one year. The Seventh Schedule proviso confirms investments in AMCs or trustee companies are governed by the clause addressing the shareholding prohibition. en-us Tue, 13 Mar 2018 00:00:00 +0530 Wed, 07 Apr 2021 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135457 Regulation 7B establishes shareholding and governance norms prohibiting sponsors, associates or group companies, including an asset management company, from holding substantive stake or voting rights in, or having board representation on, the AMC or trustee company of any other mutual fund; similarly, any shareholder holding such stake in an AMC or trustee company of a mutual fund is barred from holding equivalent stakes or board representation in another fund's AMC or trustee. Non-conforming persons must comply within one year. The Seventh Schedule proviso confirms investments in AMCs or trustee companies are governed by the clause addressing the shareholding prohibition. Notifications SEBI Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135457