TaxTMI 
TaxTMI 
Obligations of asset management company and its employees
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.... (ii) appointed all key personnel specified by the Board, including fund managers for the scheme(s) and submitted their bio-data (including educational qualifications and securities market experience) to the trustees within 15 calendar days of their appointment; (iii) appointed auditors for audit of its accounts; (iv) appointed a compliance officer responsible for monitoring compliance with the Act, rules and regulations, notifications, guidelines, instructions, etc., issued by the Board or the Central Government and for addressing investors grievances; (v) appointed a registrar to an issue and share transfer agent registered under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 2025 and established parameters for their supervision; (vi) prepared a compliance manual and designed internal control mechanisms including internal audit systems; (vii) specified norms for the empanelment of brokers and marketing agents; and (viii) obtained, where required by these regulations, prior in-principle approval from the recognized stock exchange(s) where units are proposed to ....
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....ders; and (ii) abide by the Code of Conduct for Fund Managers and Dealers (specified in PART-B of the Fourth Schedule and submit a quarterly self-certification to the trustees confirming complied or listing exceptions, if any. (d) The compliance officer appointed under clause (iv) of sub-regulation (2) of regulation 22 shall independently and immediately report any observed non-compliance to the Board. (e) Employees of asset management company shall not render, directly or indirectly any investment advice about any security in the publicly accessible media, whether real-time or non-real-time, unless a disclosure of his interest including long or short position in the said security has been made, while rendering such advice: Provided that in case of rendering investment advice, he/she shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice. (5) Financial transactions and disclosures: (a) Brokerage transactions (i) The asset management company shall ensure that the purchase or sale of securities through any stock b....
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....ting and oversight (a) Quarterly reports to trustees: (i) The asset management company shall submit to the trustees quarterly reports on its activities and the compliance with these regulations. (ii) The board of directors shall ensure that there has been exercise of due diligence on the reports submitted by the asset management company to the trustees. (b) Director and Key Personnel Disclosures: (i) The asset management company shall file with the trustees and the Board: a. detailed bio-data of all its directors, along with their interest in other companies, within 15 calendar days of their appointment; b. a half yearly report regarding any change in the interest of directors; and c. a quarterly report to the trustees providing details and adequate justification about the purchase and sale of securities of the group companies of the sponsor or the asset management company by the mutual fund during that quarter. (ii) Each director of the asset management company shall file with the trustees the details of their securities transactions on a quarterly basis, in the manner specified by the Board. ....
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....ii) The asset management company shall abide by the Code of Conduct specified in PART-A of the Fourth Schedule. (b) Market abuse deterrence: (i) The asset management company shall establish, implement and maintain an institutional mechanism (as specified by the Board), for identifying and deterring potential market abuse, including front-running and fraudulent transactions in securities. (ii) The Chief Executive Officer or Managing Director (or equivalent or analogous rank) and Chief Compliance Officer of the asset management company shall be responsible and accountable for implementing institutional mechanism for deterring potential market abuse, including front-running and fraudulent securities transactions. (c) Whistleblower policy: The asset management company shall establish, implement and maintain a documented whistle blower policy that: a. provides a confidential channel for employees, directors, trustees, and other stakeholders to raise concerns about suspected fraudulent, unfair or unethical practices, violations of regulatory or legal requirements or governance vulnerability; and b. establishes procedure to en....