SEBI extends timeline for payment of withheld commissions
Jun 06 2019
News Category: Industry Update
According to media reports, Securities and Exchange Board of India (SEBI) has extended the timeline for payment of mutual fund distributors’ withheld commission till Aug 21, 2019. Prior to this, the market regulator had asked fund companies to clear the payment of withheld commission including upfront commission till May 21, 2019.