https://www.taxtmi.com/acts?id=52882 An asset management company must demonstrate integrity, meet profitability and minimum net worth requirements, and comply with Schedule II fit and proper criteria. Directors and key personnel must have adequate financial experience; at least fifty percent of the board must be non-associated directors, and directors (including the Chairman) may not serve on a mutual fund trustee board. The sponsor must ensure continuous maintenance and deployment of the prescribed minimum net worth, and the Board may approve an application after considering these matters. en-us Fri, 16 Jan 2026 16:08:23 +0530 Sat, 17 Jan 2026 11:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52882 An asset management company must demonstrate integrity, meet profitability and minimum net worth requirements, and comply with Schedule II fit and proper criteria. Directors and key personnel must have adequate financial experience; at least fifty percent of the board must be non-associated directors, and directors (including the Chairman) may not serve on a mutual fund trustee board. The sponsor must ensure continuous maintenance and deployment of the prescribed minimum net worth, and the Board may approve an application after considering these matters. Act-Rules SEBI Fri, 16 Jan 2026 16:08:23 +0530 https://www.taxtmi.com/acts?id=52882