Collective investment Current Affairs, GK & News

SEBI Directions on Collective Investment Scheme

Securities and Exchange Board of India (SEBI) amended collective investment schemes (CIS) rules. What are the new regulations? SEBI enhanced the net worth criteria and track record requirements for entities managing collective investment schemes (CIS). Applicants or promoters of CIS should have a soundtrack record in all their business transactions. Minimum 20 investors and a ..