Eligibility Criteria for Registration

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....ecutive Officer, Chief Operating Officer, Chief Risk Officer, Chief Compliance Officer and Chief Investment Officer in the asset management company with a minimum of 3 years of relevant experience. Appoint Chief Executive Officer, Chief Operating Officer, Chief Risk Officer, Chief Compliance Officer and Chief Investment Officer in the asset management company with total combined experience in the relevant field of at least thirty years and each of them shall have a minimum of 3 years of relevant experience.   (b) Profitability Net profit in financial services business after providing for depreciation, interest and tax in each of the immediately preceding five years and; Average net annual profit of at least rupees ten....

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.... lock-in requirements for certificate of registration under this route. The initial shareholding equivalent to capital contributed to the asset management company, to the extent of at least rupees one hundred fifty crore (Rs. 150 Crores), shall be locked-in for a period of five years   (g) Change in Control In case of change in control of an existing asset management company due to acquisition of shares, the positive liquid net worth of the sponsor or funds tied up by the sponsor shall be higher of aggregate par value or market value of the shares proposed to be acquired In case of acquisition of existing asset management company, the sponsor shall have minimum positive liquid net worth equal to incremental capitaliza....

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....y personnel to be employed by the mutual fund and/or asset management company The sponsor or any of its directors or the key personnel to be employed by the mutual fund and asset management company should not have been guilty of fraud or been convicted of an offence involving moral turpitude or been found guilty of any economic offence. (5) Appointment of trustees Appointment of trustees to act as trustees for the mutual fund shall be in accordance with the provisions of the regulations. (6) Appointment of asset management company Appointment of asset management company to manage the mutual fund and operate the scheme of such funds shall be in accordance with the provisions of these regulations. (7) Appointment of....