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Prudential ICICI Mutual Fund Mr. Vishnu Bhagwandas Haribhakti (S/o. Late Mr. Bhagwandas Haribhakti) Flat No.51, 5 th Floor Maker Tower ‘B’ Cuffe Parade Mumbai 400 005 Chartered Accountant Partner Haribhakti & Co., Mumbai V.B. Haribhakti Associates, Mumbai Haribhakti Shah & Co., Ahmedabad V.B. Haribhakti & Co., New Delhi V.B. Haribhakti & Co., Chennai V.B. Haribhakti & Co., Bangalore V.B. Haribhakti & Co., Jodhpur V.B. Haribhakti & Co., Calcutta V.B. Haribhakti & Co., Jaipur Director Bajaj Electricals Ltd Rohit Pulp and Paper Mills Company Ltd. The Simplex Mills Company Ltd. The Anglo-French Drug Co.(Eastern) Ltd. Ester Industries Ltd. Lakshmi Automatic Loom Works Ltd. Tilaknagar Industries Ltd. Hindustan Composites Ltd. Mutual Mecaplast Ltd (Alternate Director) Haribhakti MRI Corporate Services Pvt.Ltd. Moores Rowland Consulting Pvt. Ltd. Trustee Bombay Rotary Midtown Trust The Pransukhlal Mafatlal Hindu Swimming Bath and Boat Club Trust V.B. Haribhakti Charitable Trust Indian Merchants’ Chamber Platinum Jubilee Endowment Trust Council for Fair Business Practices Managing Committee Member Indian Merchant Chamber The Associated Chambers of Commerce and Industry of India Mr. Eruch .B. Desai Partner (S/o. Mr. Byramsha Desai) Birla Global Finance Ltd. 81, Sonarica Bekaert Industries Pvt.Ltd. 33-A, Pedder Road The Century Textiles & Industries Ltd. Mumbai 400 026 Dolphin Fisheries & Trading Pvt.Ltd. Solicitor and Advocate Hercules Hoists Ltd. (Alternate director) Mulla & Mulla & Craigie Blunt & Caroe Hindalco Industries Ltd. Director Ispat Metallics India Ltd. Matsushita Lakhanpal Battery India Ltd New Age International Private Ltd. National Panasonic India Private Ltd. Widia (India) Ltd.(Alternate) Supreme Industries Limited Mr. Nagesh D. Pinge* Nominee Director (on behalf of ICICI Bank Limited) (S/o. Dinkar Shripad Pinge) Jindal Vijaynagar Steel Co. Ltd. .8.1 D-408/1, Viman Darshan Jindal Thermal Power Co. Ltd. 28-29 Swami Nityanand Marg SWIL Limited Andheri (East) Videocon International Ltd. Mumbai 400069 The India Cements Limited General Manager –Risk, Compliance and Audit Group – ICICI Bank Ltd. Mr. Sham P. Subhedar* Senior Advisor (S/o. Mr. Pandharinath Subhedar) Prudential Corporation Asia Ltd. 1, Gulmohar Director S.V. Road Peter Pan Travels Services Pvt. Ltd. Vile Parle (W) SAS Management Consultants and Office Services Pvt. Ltd. Mumbai 400 056 ICICI Prudential Life Insurance Company Ltd. Consultant Prudential Process Management Services Pvt. Ltd. * Mr. Nagesh Pinge is a General Manager (Head-Risk, Compliance and Audit Group) of ICICI Bank Limited and Mr. S.P. Subhedar is a Senior Advisor to the Prudential Corporation Asia Limited, a wholly owned subsidiary of Prudential plc. 14
Prudential ICICI Balanced Fund Rights and Obligations of the Trustee Pursuant to the Deed of Trust dated August 25, 1993 constituting the Mutual Fund and in terms of the SEBI (Mutual Funds) Regulations, 1996, the rights and obligations of the Trustee are as under: 1. The Trustee shall have a right to obtain from the AMC such information as is considered necessary by it. 2. The Trustee shall ensure before the launch of any scheme that the Asset Management Company has: i. systems in place for its back office, dealing room and accounting; ii. appointed all key personnel including fund manager(s) for the scheme(s) and submitted to the Trustee their bio-data which shall contain the educational qualifications, past experience in the securities market within fifteen days of their appointment; iii. appointed auditors to audit the accounts of the schemes; iv. appointed a compliance officer to comply with regulatory requirements and to redress investor grievances; v. appointed registrars and laid down parameters for their supervision; vi. prepared a compliance manual which is updated by including all the provisions of regulations and guidelines issued by SEBI from time to time and designed internal control mechanisms including internal audit systems commensurate with the size of the mutual fund. vii. Specified norms for empanelment of brokers and marketing agents. 3. The Trustee shall ensure that the AMC has been diligent in empanelling the brokers, in monitoring securities transactions with brokers and avoiding undue concentration of business with any broker. 4. The Trustee is required to ensure that the AMC has not given any undue or unfair advantage to any associate or dealt with any of the associates of the AMC in any manner detrimental to the interests of the Unitholders. 5. The Trustee is required to ensure that the transactions entered into by the AMC are in accordance with the Regulations and the provisions of the Scheme. 6. The Trustee is required to ensure that the AMC has been managing the schemes independently of other activities and has taken adequate steps to ensure that the interest of investors of one Scheme are not compromised with those of any other Scheme or of other activities of the AMC. 7. The Trustee is required to ensure that all the activities of the AMC are in accordance with the provisions of the Regulations and shall exercise general and specific due diligence as required under the Regulations. 8. Where the Trustee has reason to believe that the conduct of the business of the Fund is not in accordance with these Regulations and the provisions of Scheme it is required to take such remedial steps as are necessary by it and to immediately inform SEBI of the violation and the action taken by it. 9. Each Director of the Trustee is required to file with the Trust the details of each securities transaction, which exceed the value of Rs.1 lakh on a quarterly basis. 10. The Trustee is accountable for and is required to be the custodian of the Fund’s property of the respective Scheme and to hold the same in trust for the benefit of the Unitholders in accordance with the Regulations and the provisions of the Trust Deed. 11. The Trustee is required to take steps to ensure that the transactions of the Fund are in accordance with the provisions of the Trust Deed. 12. The Trustee is responsible for the calculation of any income due to be paid to the Mutual Fund and also of any income received in the Mutual Fund for the holders of the units of any scheme in accordance the Regulations and the Trust Deed. 13. The Trustee is required to obtain the consent of the Unitholders of the Scheme : a. When the Trustee is required to do so by SEBI in the interest of the Unitholders; or b. Upon a requisition made by three-fourths of the Unitholders of the Scheme; or c. If a majority of the Trustees decide to wind up the Scheme or prematurely redeem the Units; or d. The Trustee shall ensure that no change in the fundamental attributes of the Scheme or the trust or fee and expenses payable or any other change which would modify the Scheme and affects the interests of unit holders, shall be carried out unless: i) a written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and ii) the unit holders are given an option to exit at the prevailing Net Asset Value without any exit load. 14. The Trustee is required to call for the details of transactions in securities by the key personnel of the AMC in their own names or on behalf of the AMC and report the same to SEBI as and when called for. 15
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