The Securities and Exchange Board of India was launched on April 12, 1992 in agreement with the provisions of the Securities and Exchange Board of India Act, 1992.
The Preamble of the Securities and Exchange Board of India depicts the basic functions of the Securities and Exchange Board of India as.
a) Only be open for 15 days
b) Can only be invested at the close of the NFO period
c) The ASBA process (Application Supported by Blocked Amount)
d) Dividends can now only be paid out of actually realized gains
e) More active role in corporate governance
f) This extra 1% has also been removed
g) Reveal all commission paid to it’s sponsor or associate companies, employees and their relatives
h) Regarding the Fund-of-Fund (FOF)
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