Time for MFs to make their votes ‘count’
March 12, 2021
SEBI directs MFs to compulsorily vote in corporate resolutions
To improve transparency and encourage mutual funds to diligently exercise their voting rights in the interests of unitholders, SEBI’s recent circular has mandated mutual fund houses to
compulsorily vote on all resolutions involving approval.
Until now, MFs were only required to record and disclose the rationale behind exercising their voting rights in companies, but were not required to compulsorily vote.
However, MFs with no economic interest on the voting day may be exempted from compulsorily casting votes, SEBI said.
From April 1, MFs have to compulsorily vote in all corporate governance matters: changes in the state of incorporation merger and other corporate restructuring and anti-takeover provisions; changes to capital structure, including increases and decreases of capital and preferred stock issuances; stock option plans and other management co
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How to upload profile picture in EPF UAN portal, check here
Follow the step-by-step guide given below to upload a profile picture in the EPF UAN portal.
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Employees’ Provident Fund Organisation (EPFO) is a statutory body under the Employees’ Provident Fund Act, 1956. The Employees Provident Fund came into existence with the promulgation of the Employees Provident Funds Ordinance on the 15th November 1951. It was replaced by the Employees Provident Funds Act, 1952.
Adding a profile picture in the EPF UAN portal makes it look good and is also very easy. It is also necessary for an E-Nomination on EPF Portal. Follow the step-by-step guide given below to upload a profile picture in the EPF UAN portal.
Once the interest rate for any financial year is notified, and the current year ends, EPFO calculates the month-wise closing balance in the PF account and then the interest for the whole year.
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