After the Franklin Templeton debt mutual fund (MF) debacle and long-drawn litigations that followed, market regulator Securities and Exchange Board of India (SEBI) has decided to mandate trustees of a mutual fund (MF) to obtain the consent of the unitholders when the majority of the trustees decide to wind up a scheme or prematurely redeem the units of a close-ended scheme.
Chamila , senior finance manager of an export company whose parent company is beyond Asia, has been under tremendous pressure when his parent company asked him to come up with measures to keep most of the company s dollar earnings outside Sri Lanka.
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