Responsibility casted upon Management for effective maintenance & safe custody or preservation of records including Audit Trail.
L&T Mutual Fund Trustee Limited had requested SEBI regarding surrendering the registration granted to L&T Mutual Fund by SEBI to operate as a mutual fund.
Schemes of AIFs shall have an option of ‘Direct Plan’ for investors. Such Direct Plan shall not entail any distribution fee/ placement fee.
AIF may excuse its investor from participating in a particular investment If investor, based on opinion of a legal professional/legal advisor, confirms that its participation in investment opportunity would be in violation of an applicable law or regulation
