Question
What is the purpose of constituting a Unit Holder
Protection Committee (UHPC) as per the circular issued by SEBI to protect unitholders’ interests ?Solution
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 year 1943, Bengal famine caused the death of five million people in India. It was caused due to attack of Fungus _______________ on __________crop.
What is the range of medium range weather forecasting?
Domination of weed causes:
What is the power extracted by PTO?
For how much time period we can store food grain in rural godown?
______ is not used to reclaim acid soils.