Disposal of sponsor's shares - AMCs

[ciapk]

Hmmm ok but question was "Rule 5 of the NBFC Rules, 2003 requires that prior approval from SECP must be obtained before the disposal of sponsor's shares. So you mean that the NBFC will find prospective shareholders and will check that they are fit and proper and then will send Annex A and B to SECP and will seek approval for disposal or sponsor's share to such new persons?.