https://www.taxtmi.com/acts?id=52887 Regulation 21 permits an asset management company to provide only management and advisory services to pooled assets and forbids acting as trustee; it may undertake permitted activities itself or via subsidiaries if it ensures activity-wise segregation of accounts and personnel, meets capital adequacy and approval requirements per activity, prevents and discloses material conflicts of interest to trustees and unit holders, appoints separate fund managers except for identical replicated funds, and ensures fair investor treatment and independence of personnel remuneration; limited additional permissions are allowed for portfolio/advisory services for non-broad-based funds and debt-segment trading and clearing for mutual fund schemes. en-us Fri, 16 Jan 2026 16:13:05 +0530 Fri, 16 Jan 2026 16:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52887 Regulation 21 permits an asset management company to provide only management and advisory services to pooled assets and forbids acting as trustee; it may undertake permitted activities itself or via subsidiaries if it ensures activity-wise segregation of accounts and personnel, meets capital adequacy and approval requirements per activity, prevents and discloses material conflicts of interest to trustees and unit holders, appoints separate fund managers except for identical replicated funds, and ensures fair investor treatment and independence of personnel remuneration; limited additional permissions are allowed for portfolio/advisory services for non-broad-based funds and debt-segment trading and clearing for mutual fund schemes. Act-Rules SEBI Fri, 16 Jan 2026 16:13:05 +0530 https://www.taxtmi.com/acts?id=52887