Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Guidelines for votes cast by Mutual Funds

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es cast by Mutual Funds SEBI, vide Circular no. SEBI/IMD/CIRNo18/198647/2010 dated March 15, 2010 , CIR/IMD/DF/05/2014 dated March 24, 2014 , SEBI/HO/IMD/DF2/CIR/P/2016/68 dated August 10, 2016 and CIR/CFD/CMD1/168/2019 dated December 24, 2019 , has prescribed guidelines for votes cast by Mutual Funds. In order to further improve transparency as well as encourage Mutual Funds/AMCs to dili .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sation issues. d) Social and corporate responsibility issues. e) Appointment and Removal of Directors. f) Any other issue that may affect the interest of the shareholders in general and interest of the unit-holders in particular. ii. Related party transactions of the investee companies (excluding own group companies). For this purpose, Related Party Transactions shall have same meani .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rs/Decision makers shall submit a declaration on quarterly basis to the Trustees that the votes cast by them have not been influenced by any factor other than the best interest of the unit holders. Further, Trustees in their Half Yearly Trustee Report to SEBI, shall confirm the same. 6. This circular shall be applicable with effect from April 01, 2021 except Para 2 which will be applicable from .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates