Start learning 50% faster. Sign in now
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.
Plants which flower only once in their life is:
Celery belongs to family
Which element is maximum in black soll:
______measures the relationship between water loss and carbon gain.
Which among the following is an edible poded variety of garden peas of dual purpose?
Tungro disease of rice is transmitted by which insect?
Which one of not a primary macro nutrient?
The innermost layer of the human gut wall is:
Where is the Central Research Institute for Dryland Agriculture (CRIDA) situated?
Which of the following is Bacterial plant disease?