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The Securities and Exchange Board of India (SEBI) has issued a detailed circular, which will put the onus on mutual fund (MF) trustees to protect unitholders’ interests. These include monitoring fees and expenses, prevention of mis-selling and front running and conflict of interest between various stakeholders. The market regulator has stated that asset management companies (AMCs) shall constitute a unit holder protection committee (UHPC) to oversee the protection of unit holders’ interests, adoption of sound and healthy market practices, and compliance with laws/regulations or other related processes. Further, the UHPC must keep unit holders well informed about and educate them on MF products, the investor charter, and complaint-handling procedures. It shall submit its observations, along with recommendations periodically to the board of the AMC.
In an LLP out of the designated partners:
The provision for Anticipatory Bail has been provided under which of the following sections of Code of Criminal Procedure?
Section 7 of the Court Fees Act, 1870 deals with________.
When there are more than one defendant in a suit, service of summons shall be made______.
In computing the period of limitation for filing a suit the day from which the period of limitation is reckoned ______.
Doctrine of part-performance is covered under which section of the Transfer of Property Act?
What is the penalty for alteration, destruction, etc., of records and failure to protect the electronic database of SEBI.
A company registered under section 8 of the Companies Act shall not alter the provisions of its memorandum or articles except with the previous approval...
What is oral evidence?
According to the Insurance Act, what is the maximum period that books, accounts, papers, receipts, vouchers, reports, or other documents can be retained...
