The SEBI, through its earlier Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020, specified modes and limits of fees that can be charged by an Investment Adviser (IA) from a client. A partial amendment has been made to said circular allowing accredited investors and IAs to decide limits and modes of fees payable to the IAs through bilaterally negotiated contractual terms. An accredited investor is a person identified as such on basis of net worth or income.The SEBI, through its earlier Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020, specified modes and limits of fees that can be charged by an Investment Adviser (IA) from a client. A partial amendment has been made to said circular allowing accredited investors and IAs to decide limits and modes of fees payable to the IAs through bilaterally negotiated contractual terms. An accredited investor is a person identified as such on basis of net worth or income.taxmann.com Latest Statutory HappeningsRead More
