Trustee

SEBI allows PE funds to become sponsors of mutual funds. And sharpens the trustees' role. The decisions were taken at the SEBI board meeting on March 29, where the regulator gave its nod to key overhauls.

Noel Tata joins two Tata trusts as trustee, signalling succession planning

Noel Tata on the board of Sir Dorabji Tata Trust and Allied Trusts also paves the way for the board of Tata Sons after he gave up his executive responsibilities at the Tata group in November.

Tata Teleservices chief N Srinath likely to head Tata Trusts: Report

A three-member committee, led by Ratan Tata, looked at many people over the past several months and has finally narrowed it down on Srinath

Ivanka Trump steps down as Murdoch Trustee

Murdoch has two daughters, aged 15 and 13, with his former 48-year-old wife Wendi. It was Wendi Murdoch who chose Ivanka as a trustee, the report said, quoting a close source who spoke on the condition of anonymity.

Trusts: Safeguarding seamless succession

Although the estate duty has been repealed, the renewed buzz around reintroduction of estate duty certainly makes a persuasive argument in favour of migration of family assets to a trust structure during the lifetime of an entrepreneur.

FTIL ups stake sale in IEX to 19.06% for Rs 410 crore

The company on June 18 announced that it has entered into share purchase agreement with DCB Power Ventures, Kiran Vyapar, Agri Power and Engineering, Aditya Birla Capital Advisors (Trustee to the Aditya Birla Private Equity Fund I) and Aditya Birla Capital Advisors (Trustee to the Aditya Birla Private Equity Sunrise Fund).

Prepare early to pay for special needs of special child

Raising a special needs child requires extra efforts by parents, when they are around. And they should also plan it well in advance, as the child may need a support even when they are not around.

DHFL takes 50% stake in Pramerica AMC

"The company on August 11, 2015, acquired 50 percent equity stake in Pramerica Asset Managers Private Limited, the asset management company of Pramerica Mutual Fund, and Pramerica Trustees Private Limited, the trustee for the Pramerica Mutual Fund, from PGLH of Delaware (Prudential)," it said in a BSE filing.

Sebi issues detailed ESOP disclosure norms

As per the norms, the compensation committee constituted by companies for ESOP schemes will be required to formulate detailed terms and conditions. In addition, they have to disclose information about the trust, powers and duties of trustee.

Sebi revamps securitisation trustee norms

The amendments have been made to allow banks and public financial institutions to act as trustees without obtaining registration, while these changes also provide for terms of appointment and capital requirement for trustee and makes it mandatory for the trustees to provide a summary term sheet.

Madoff firm trustee wins right to pay $2.4 bn to victims

The Madoff firm trustee won approval from a judge on Wednesday to make a second payment that could reach USD 2.4 billion to former clients of epic conman Bernard Madoff.