it states unless otehrwise specified, records should be mainained for 6 yrs under AMC. what if there is a fund that requires record retention requirement for only 4 yrs … in that will the stricter law apply (of 6 yrs) or we’ll just go with fund mandate and maintain records for 4 yrs? thanks.
stricter rule always applies
but here strict means that you need to keep records for long period… not short period…
so we will maintain records for 6 years (even if fund requires less say 4 yrs) and say 8 yrs (if fund requires 8 yrs record retention requirement and AMC only recommends 6). does this summarize it all?