Securities and Exchange Board of India (SEBI) vide SEBI/HO/IMD/DF2/CIR/P/2017/125 dated November 30, 2017 issued a circular in order to strengthen the governance structure for mutual funds (MFs) with respect to appointment of Independent Trustee of Mutual Funds and Independent Director of Asset Management in terms of Regulation 16(5) and Regulation 21(1) respectively of SEBI (Mutual Funds) … Continue reading “Tenure of Independent Trustee and Independent Director for Mutual Funds”