SEBI has decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme
Dec 29 2021
News Category: Regulatory Updates
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SEBI has decided to mandate trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme. From FY24 onwards, the watchdog would make it necessary for mutual funds to meet Indian Accounting Standards (Ind AS) as part of modifying mutual fund legislation.
