https://www.taxtmi.com/notifications?id=140608 The amendment defines sponsor group and Self-Sponsored Investment Manager, expands identification of sponsors to include sponsor groups, and prescribes time phased minimum collective unit holding requirements for sponsor(s) and sponsor group(s) with associated lock in and non encumbrance obligations. Sponsors and sponsor groups bear collective responsibility for formation and asset transfer representations, with trustee recourse for breaches. Conversion of an Investment Manager to a Self Sponsored Investment Manager is permitted only upon specified governance, distribution, creditworthiness and independence conditions and requires unitholder and trustee approvals and an exit option for dissenting unitholders. en-us Wed, 16 Aug 2023 00:00:00 +0530 Fri, 18 Aug 2023 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140608 The amendment defines sponsor group and Self-Sponsored Investment Manager, expands identification of sponsors to include sponsor groups, and prescribes time phased minimum collective unit holding requirements for sponsor(s) and sponsor group(s) with associated lock in and non encumbrance obligations. Sponsors and sponsor groups bear collective responsibility for formation and asset transfer representations, with trustee recourse for breaches. Conversion of an Investment Manager to a Self Sponsored Investment Manager is permitted only upon specified governance, distribution, creditworthiness and independence conditions and requires unitholder and trustee approvals and an exit option for dissenting unitholders. Notifications SEBI Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140608