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SEBI enhances governance for Mutual Funds

December 1, 2017
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In order to strengthen the governance structure for Mutual Funds, SEBI has placed framework for tenure of independent director and trustee. As per the new norms, an independent director or independent trustee is allowed to hold only two consecutive five-year terms. However, such individuals will be eligible for re-appointment after a cooling period of 3 years.
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