Now Mutual Funds to provide justification to stakeholders if put option favourable to scheme is not exercised

Based on recommendation of Mutual Fund Advisory committee, the SEBI has decided that, with effective from Oct 01, 2021 if put option is not exercised by a Mutual Fund, while exercising the put option would have been in favour of the scheme then a justification for not exercising the put option shall be provided by the Mutual Fund to the Valuation Agencies (VA), Board of AMC and Trustees on or before the last date of notice period.Based on recommendation of Mutual Fund Advisory committee, the SEBI has decided that, with effective from Oct 01, 2021 if put option is not exercised by a Mutual Fund, while exercising the put option would have been in favour of the scheme then a justification for not exercising the put option shall be provided by the Mutual Fund to the Valuation Agencies (VA), Board of AMC and Trustees on or before the last date of notice period.taxmann.com Latest Statutory HappeningsRead More

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