https://www.taxtmi.com/article/detailed?id=13307 Trustees hold mutual fund scheme property in trust for unitholders and must administer schemes per the trust deed and Mutual Fund regulations. The trust deed must be registered and include clauses on custody, trustees' duty of care, appointment and supervision of the AMC and custodian, prohibitions on certain transactions, meeting/quorum rules, amendment/removal procedures, and reporting obligations. Trustees require Board approval, must meet independence and composition requirements, enter into an Investment Management Agreement with the AMC, and exercise oversight via approvals, periodic reviews, filings, and due diligence to protect unitholders and ensure compliance. en-us Thu, 09 Jan 2025 10:18:53 +0530 Thu, 09 Jan 2025 10:18:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13307 Trustees hold mutual fund scheme property in trust for unitholders and must administer schemes per the trust deed and Mutual Fund regulations. The trust deed must be registered and include clauses on custody, trustees' duty of care, appointment and supervision of the AMC and custodian, prohibitions on certain transactions, meeting/quorum rules, amendment/removal procedures, and reporting obligations. Trustees require Board approval, must meet independence and composition requirements, enter into an Investment Management Agreement with the AMC, and exercise oversight via approvals, periodic reviews, filings, and due diligence to protect unitholders and ensure compliance. Articles Corporate Laws / IBC / SEBI Thu, 09 Jan 2025 10:18:53 +0530 https://www.taxtmi.com/article/detailed?id=13307