https://www.taxtmi.com/circulars?id=65114 Pooling of funds and units by stock brokers/clearing members for mutual fund transactions is discontinued; pay in/pay out must be received from and made to investor accounts directly by the clearing corporation, and units must be credited/debited directly to/from investors' demat or folio accounts. Stock brokers/clearing members must not accept or handle investor funds or units in proprietary or pool accounts nor accept mandates or payments in their own name, while AMCs remain responsible for PMLA compliance and may use clearing corporations to validate investor source bank accounts. en-us Mon, 04 Oct 2021 00:00:00 +0530 Tue, 05 Oct 2021 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65114 Pooling of funds and units by stock brokers/clearing members for mutual fund transactions is discontinued; pay in/pay out must be received from and made to investor accounts directly by the clearing corporation, and units must be credited/debited directly to/from investors' demat or folio accounts. Stock brokers/clearing members must not accept or handle investor funds or units in proprietary or pool accounts nor accept mandates or payments in their own name, while AMCs remain responsible for PMLA compliance and may use clearing corporations to validate investor source bank accounts. Circulars SEBI Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65114