Ch.3 · Sponsor, Trustee and AMC Roles · medium
What are the two forms in which trustees can be constituted for a mutual fund?
0% of students got this wrong
EXPLANATION
Trustees can be constituted either as individual trustees (a Board of Trustees with individual persons) or as a Trustee Company (a company incorporated under the Companies Act). Both forms are valid under SEBI (Mutual Funds) Regulations, 1996, and both must meet the independence and eligibility requirements.
Practising Chapter 3 one question at a time?
Try the full chapter — 80 questions, tracked score, weak area breakdown.