https://www.taxtmi.com/acts?id=46266 Regulation 85 makes trustees the custodians and fiduciaries of Mutual Fund Lite scheme property, requiring an investment management agreement with the asset management company, adequate infrastructure and oversight, periodic reporting and information rights, quarterly review of related-party transactions, monitoring of complaints, consent for change in control, prevention of undue advantage to associates, reporting of trustees' and key personnel's transactions, securing unitholder consent in prescribed cases, commenting on sponsor group investments, exercising Board-specified due diligence, and permitting non-liability for good faith acts with adequate due diligence. en-us Tue, 17 Dec 2024 14:10:03 +0530 Tue, 17 Dec 2024 14:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46266 Regulation 85 makes trustees the custodians and fiduciaries of Mutual Fund Lite scheme property, requiring an investment management agreement with the asset management company, adequate infrastructure and oversight, periodic reporting and information rights, quarterly review of related-party transactions, monitoring of complaints, consent for change in control, prevention of undue advantage to associates, reporting of trustees' and key personnel's transactions, securing unitholder consent in prescribed cases, commenting on sponsor group investments, exercising Board-specified due diligence, and permitting non-liability for good faith acts with adequate due diligence. Act-Rules SEBI Tue, 17 Dec 2024 14:10:03 +0530 https://www.taxtmi.com/acts?id=46266