Governance Mechanism for the Corporate Debt Market Development Fund

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....ompany. (2) The Board of directors of trustee company and the Manager of the Corporate Debt Market Development Fund shall be appointed with the prior approval of the Board. (3) The roles and responsibilities of the trustee company shall be similar to the roles and responsibilities assigned to trustees under the Securities and Exchange Board of India (Mutual Funds) Regulations,....

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....Fund without the prior approval of the Board. (7) An audit committee of the trustee company shall be constituted to review compliance with the provisions of placement memorandum as required under these regulations along with other responsibilities as may be specified by the Board from time to time. (8) The manager of the Corporate Debt Market Development Fund shall appoint a Govern....