Resources for Trustees of Mutual Funds

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..... s 1. Regulation 18 (25) (B) (i) of SEBI (Mutual Funds) Regulations, 1996 states that the Trustees shall obtain internal audit reports at regular intervals from independent auditors appointed by the Trustees. 2. Further, SEBI vide Circular No. MFD/CIR/09/014/2000 dated January 05, 2000 has dealt with the issue of providing administrative support including appointment of independent auditors for t .....

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..... ponsibilities of the Trustees. The officer shall accordingly assist the Trustees and discharge the activities assigned to him. 4.1.3. The said officer shall be treated as access person in terms of SEBI Circular No. MFD/CIR No.4/216/2001 dated May 08, 2001. 4.2. Further, Trustees shall have standing arrangements with independent firms for special purpose audit and/or to seek legal advice in case .....

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