https://www.taxtmi.com/notifications?id=138250 Amendments update definitions including auditor and designated employees, tighten fit and proper eligibility by prescribing business tenure, net worth and profitability conditions, and impose ownership and board representation restrictions to prevent promoters, associates or group companies from holding substantial interests in other Collective Investment Management Companies or trustee companies. Operational changes limit offer periods with one extension, require prompt refunds and dematerialized unit issuance within specified short timelines, mandate minimum subscription, investor count and concentration thresholds, restrict related party investments by schemes, cap initial and recurring expenses, prohibit incentive fees, and require granular expense disclosure and full trail commission models. en-us Tue, 10 May 2022 00:00:00 +0530 Wed, 11 May 2022 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138250 Amendments update definitions including auditor and designated employees, tighten fit and proper eligibility by prescribing business tenure, net worth and profitability conditions, and impose ownership and board representation restrictions to prevent promoters, associates or group companies from holding substantial interests in other Collective Investment Management Companies or trustee companies. Operational changes limit offer periods with one extension, require prompt refunds and dematerialized unit issuance within specified short timelines, mandate minimum subscription, investor count and concentration thresholds, restrict related party investments by schemes, cap initial and recurring expenses, prohibit incentive fees, and require granular expense disclosure and full trail commission models. Notifications SEBI Tue, 10 May 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138250