A proposed code asking fund managers to monitor corporate governance issues in the companies that they invest in has raised concern among several mutual and alternative investment funds (AIFs), which have flagged the move as one that will increase their compliance burden. The Securities and Exchange Board of India (Sebi) put out a circular on December 24 asking mutual funds and all categories of AIFs to “shoulder greater responsibility” by monitoring their investee companies from April 1.
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Nine big financial changes that you must watch out for in October
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