Mutual Fund: AMFI Arm Gets SEBI Nod To Act as SRO

S EBI has given in-principle approval to the Institute of Mutual Fund Intermediaries (IMFI), promoted by AMFI, to set up a self-regulatory organisation (SRO) for distributors of various fund houses in the country. The SRO will assist SEBI and AMFI in regulating fund distributors and ensuring a cordial relationship with mutual fund houses.

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Jung rejects Kejriwal's recommendation to dissolve Delhi assembly
The Delhi LG’s move keeps the option open for any political party or a combination of parties to try to form a government in future
 
Delhi's Lieutenant Governor Najeeb Jung is understood to have suggested imposition of President’s rule by keeping the legislature under suspended animation. He also rejected the Arvind Kejriwal-led Aam Aadmi Party (AAP) government’s recommendation for dissolution of the Delhi Assembly. 
 
In a report to the Centre, Jung did not favour dissolution of the 70-member Delhi Assembly as recommended by Kejriwal when the ministers met Friday night and decided to quit.
 
The LG’s move keeps the option open for any political party or a combination of parties to try to form a government in future.
 
According to sources, Jung has conveyed to the Centre that the national capital be brought under a spell of President’s rule as no party is now in a position to form an alternative government.
 
The final call on the LG’s recommendation will be taken by the Centre.
 
Home Ministry officials said they would take the opinion of the Law Ministry and place all the facts before the Union Cabinet for the final decision.
 
The Assembly elections late last year had given a split verdict with no political party getting absolute majority. The AAP led by Kejriwal formed the government in December with Congress support.
 
The AAP government resigned Friday after it suffered a defeat on the Janlokpal Bill in the Delhi Assembly and recommended fresh election by dissolving the House.
 
The LG has also sent, along with his report, the resignation letter of Mr Kejriwal. The letter would be forwarded to the President for its acceptance.
 
Officials said Home Minister Sushilkumar Shinde, who is away in Maharashtra, has been briefed about the LG’s report.

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COMMENTS

VIJAY SHAH

3 years ago

PLEASE CORRECT THE SPELLING OF KEJRIWAL IN HEADLINES AND FIFTH LINE

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