https://www.taxtmi.com/caselaws?id=470169 Asset management companies must conduct issuer-specific due diligence and maintain research records before investing close-ended debt schemes, rather than relying on promoter reputation, refinancing expectations or collateral analysis alone. Material deterioration in collateral and repayment prospects must be disclosed promptly to unitholders. Close-ended schemes may invest only in securities maturing by the scheme maturity date unless a compliant rollover, including required disclosures and unitholder consent, is undertaken. Schemes must be fully wound up and redemption proceeds dispatched within the prescribed period. Withholding affected debt exposure while paying other assets may create an unauthorised segregated portfolio, although the described breach was treated as technical. Debt instruments must be fairly valued at their realisable value, reflecting heightened credit risk and repayment uncertainty. en-us Fri, 27 Aug 2021 00:00:00 +0530 Sat, 18 Jul 2026 12:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470169 Asset management companies must conduct issuer-specific due diligence and maintain research records before investing close-ended debt schemes, rather than relying on promoter reputation, refinancing expectations or collateral analysis alone. Material deterioration in collateral and repayment prospects must be disclosed promptly to unitholders. Close-ended schemes may invest only in securities maturing by the scheme maturity date unless a compliant rollover, including required disclosures and unitholder consent, is undertaken. Schemes must be fully wound up and redemption proceeds dispatched within the prescribed period. Withholding affected debt exposure while paying other assets may create an unauthorised segregated portfolio, although the described breach was treated as technical. Debt instruments must be fairly valued at their realisable value, reflecting heightened credit risk and repayment uncertainty. Case-Laws SEBI Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470169