SEBI Mandates AMCs of Mutual Funds to Subscribe Units of Corporate Debt Market Development Fund (CDMDF)
- Blog|News|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 29 July, 2023
Latest from Taxmann
Circular No. SEBI/HO/IMD/PoD2/P/CIR/2023/129, Dated: 27.07.2023
SEBI has decided that the units of the Corporate Debt Market Development Fund (CDMDF) shall be subscribed by AMCs of Mutual Funds and “specified debt-oriented MF Schemes”. Accordingly, Debt-oriented MF schemes and AMC’s contributions, along with any appreciation, will be locked-in until the fund winds up.
SEBI has further provided that the First contribution will be due within 10 working days of CDMDF’s request. Half-yearly contributions will begin in Dec 2023, within 10 days after each half-year’s end.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
