The Securities and Exchange Board of India (SEBI) has opened the doors for asset management companies (AMCs) to become 'self-sponsored', while adding to the responsibilities of their trustees. The regulator also released the framework for the 'Unit Holder Protection Committee'(UHPC). Any AMC willing to become self-sponsored should have had at least five years of experience in the financial services industry with strong financials — positive net worth and minimum Rs 10 crore net profit in all of the previous five years. Moreover, the sponsor planning to move out should have been a sponsor for at least 5 years. The dis-associating sponsor will have to mandatorily bring down the shareholding to below 10 percent within five years in the case of listed AMCs and three years in the case of unlisted ones. At present, any entity that owns 40 per cent or more stake in a mutual fund is considered a sponsor. The regulation will come into force from August 1, 2023.
As per which convention, trivial transactions can be ignored?
If the MOS = 20,000 units and PV ratio is 60%. Calculate profit if revenue per unit is 4.
A leader must match the leadership style according to the readiness of subordinates. This is true as per which of the following theory?
Calculate the asset turnover from the above information.
Post office saving deposit is part of
The purpose of trial balance is to know about the :
What is the nominal value of the Sovereign Gold Bond Scheme 2023-24 - Series IV per gram of gold?
Find the current ratio of B limited data is as follows:
Land & Building: 15,00,000
Preliminary Expenses: 1,50,000
Cash: Rs.100...
As per the SDG India Index 2023-24 , significant progress has been made in various Sustainable Development Goals (SDGs) through targeted interventions ...
Which of the following is an endogenic factor influencing morale in an organisation?
