IFSCA vide this circular omitted Paragraph 4 of its earlier circular on “Appointment and Change of Key Managerial Personnel by a Fund Management Entity” dated February 20, 2025, which states that Comments of the Authority, if any, shall be communicated within seven (7) working days from the date of filing of the intimation with the Authority, which shall suitably be taken into consideration by the Fund Management Entity in effecting its proposal for appointment or change of the KMP. All other provisions and conditions specified in the KMP Circular, shall remain in effect
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