https://www.taxtmi.com/article/detailed?id=12840 Registration requires a trust-formed mutual fund with designated sponsors, trustees, asset management company and custodian. Sponsors must meet sound track record, net worth, profitability and fit-and-proper criteria or satisfy alternate capitalization, lock-in and personnel experience conditions. Applications follow a prescribed form with fee and opportunity to cure deficiencies. Shareholding and board-representation limits prevent cross-ownership among fund managers; registration is granted subject to ongoing compliance, disclosure of material changes and payment of annual service fees based on average assets under management. en-us Tue, 06 Aug 2024 17:36:30 +0530 Tue, 06 Aug 2024 17:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12840 Registration requires a trust-formed mutual fund with designated sponsors, trustees, asset management company and custodian. Sponsors must meet sound track record, net worth, profitability and fit-and-proper criteria or satisfy alternate capitalization, lock-in and personnel experience conditions. Applications follow a prescribed form with fee and opportunity to cure deficiencies. Shareholding and board-representation limits prevent cross-ownership among fund managers; registration is granted subject to ongoing compliance, disclosure of material changes and payment of annual service fees based on average assets under management. Articles Corporate Laws / IBC / SEBI Tue, 06 Aug 2024 17:36:30 +0530 https://www.taxtmi.com/article/detailed?id=12840