Ch.3 · Custodian and RTA Functions · medium
What must trustees do before approving a new scheme?
0% of students got this wrong
EXPLANATION
Before approving any new scheme, trustees must satisfy themselves that the scheme is in the interest of unit holders, that the AMC has conducted proper due diligence, and that all required regulatory documents (SID, SAI) are filed with SEBI. Trustees must certify this through a due diligence certificate filed with SEBI.
Practising Chapter 3 one question at a time?
Try the full chapter — 80 questions, tracked score, weak area breakdown.