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Additional criteria to be complied by the asset management companies on a continuous basis

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Full Text of the Document

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....egulation (4) of regulation 16 shall be subject to the following additional conditions: (a) Director appointment and cross-directorship: (i) A person shall not simultaneously hold the office of director in more than one asset management company. (ii) The restriction provided in sub-clause (i) shall not be applicable to independent director appointed as per clause (c) of sub-re....

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