In major cases of corporate fraud, including the Sterling Biotech case, frauds committed by companies of Vijay Mallya, Nirav Modi and Mehul Choksi, the Enforcement Directorate has attached properties worth Rs 33,862.20 crore, said a Parliament .
Many Management Companies struggle to put in place fund distributors’ oversight processes that are both compliant with new regulations and operationally efficient. From a regulatory perspective, overseeing distributors is strongly framed by the delegation oversight regulations. This article provides a summary of the oversight regulatory basis as well as some guidance to build an appropriate distribution oversight framework.