Sebi puts in place procedure for change in control of mutual funds
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Last Updated: Mar 04, 2021, 10:47 PM IST
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Sebi said no change in the control of an AMC, directly or indirectly, can be made unless prior approval of the trustees and the regulator is obtained, among other requirements.
Agencies
This comes after Sebi, in February, relaxed profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the mutual funds sector.
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