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. Any AMC willing to become self-sponsored should have positive net worth and minimum ______ net profit in all of the previous five years.
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.
Electoral college consists of__________
The legal guardian of a Muslim minor female is:
As per the provisions of the IRDA Act with respect to the tenure of office of the chairperson and other persons, no person shall hold office as a Chairp...
The term 'a Cheque in the electronic form' is defined in Negotiable Instruments Act 1881 under:
A mortgages a piece of land to B and later on builds a house thereon, which of the following conditions is applicable?
Which of the following is true about interest of unborn in transfer of property?
Under which section of the Indian Evidence Act the principle of "Res Gestae" is given:
Facts in issue means
A declaration made under Chapter 6 of Specific Relief Act 1963, is binding on:
The genitive case oi the relative “who “is