Terms and conditions to be complied with

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..... any director of the asset management company shall not hold the office of the director in another asset management company unless such person is an independent director referred to in clause (d) of sub-regulation (1) of regulation 21 and approval of the Board of asset management company of which such person is a director, has been obtained; (b) the asset management company shall forthwith infor .....

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..... ; and (iii) the unitholders are given an option to exit on the prevailing Net Asset Value without any exit load;] (f) the asset management company shall furnish such information and documents to the trustees as and when required by the trustees. ******* 1 Substituted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2000, w.e.f. 22-5-2000. Prior to its substitution, claus .....

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..... the prevailing Net Asset Value without any exit load.] [*this Proviso had been added by SEBI (Mutual Funds) (Amendment) Regulations., 1999,w.e.f. 8-12-1999.] 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as controlling interest - - statu .....

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