Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes

Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes https://www.taxtmi.com/circulars?id=64781 Require a minimum of 20% of gross annual CTC net of income tax and statutory contributions for Key Employees of AMCs to be paid as units of schemes they oversee, allocated proportionately to scheme AUM (excluding ETFs, index funds, overnight funds and existing close ended schemes), paid over 12 months, locked in for three years or scheme tenure, subject to redemption restrictions, limited loan provisions, clawback for misconduct with proceeds credited to the scheme, trustee monitoring, disclosure of aggregate unit compensation, and defined scope of Key Employees with specified exclusions. en-us Wed, 28 Apr 2021 00:00:00 +0530 Wed, 28 Apr 2021 18:44:00 +0530 TaxTMI RSS Generator Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes https://www.taxtmi.com/circulars?id=64781 Require a minimum of 20% of gross annual CTC net of income tax and statutory contributions for Key Employees of AMCs to be paid as units of schemes they oversee, allocated proportionately to scheme AUM (excluding ETFs, index funds, overnight funds and existing close ended schemes), paid over 12 months, locked in for three years or scheme tenure, subject to redemption restrictions, limited loan provisions, clawback for misconduct with proceeds credited to the scheme, trustee monitoring, disclosure of aggregate unit compensation, and defined scope of Key Employees with specified exclusions. Circulars SEBI Wed, 28 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64781