SEBI along with IRDAI and PFRDA had examined a proposal for introducing stewardship principles in India, which was approved by a sub-committee of the Financial Stability and Development Council (FSDC-SC). Accordingly, SEBI has decided that all Mutual Funds and all categories of AIFs shall mandatorily follow the Stewardship Code as prescribed, in relation to their investment in listed equities. The Stewardship Code shall come into effect from the Financial Year beginning April 01, 2020.
from taxmann.com News https://www.taxmann.com/topstories/222330000000019906/sebi-prescribes-‘stewardship-code’-for-mutual-funds-and-aifs.aspx
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