https://www.taxtmi.com/notifications?id=140354 Amendments introduce a liquid networth definition, require conversion of trustee boards into trustee companies, and strengthen sponsor eligibility and capitalization criteria including multi-year profitability, positive networth and liquid networth linked to capital contribution or acquisitions. Where sponsors do not meet thresholds, enhanced AMC capitalization, share lock-ins, and senior management experience are mandated. Governance and compliance duties for trustees and the asset management company are expanded-detailed pre-launch and ongoing board due diligence, appointment and disclosure of key personnel, independent compliance reporting, Unit Holder Protection Committees, valuation norms, and mandated investments in specified development funds are prescribed. en-us Mon, 26 Jun 2023 00:00:00 +0530 Wed, 28 Jun 2023 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140354 Amendments introduce a liquid networth definition, require conversion of trustee boards into trustee companies, and strengthen sponsor eligibility and capitalization criteria including multi-year profitability, positive networth and liquid networth linked to capital contribution or acquisitions. Where sponsors do not meet thresholds, enhanced AMC capitalization, share lock-ins, and senior management experience are mandated. Governance and compliance duties for trustees and the asset management company are expanded-detailed pre-launch and ongoing board due diligence, appointment and disclosure of key personnel, independent compliance reporting, Unit Holder Protection Committees, valuation norms, and mandated investments in specified development funds are prescribed. Notifications SEBI Mon, 26 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140354