Audit Committee: Audit Committee shall be constituted for review of compliance with the provisions of placement memorandum along with other responsibilities as may be specified by SEBI.
Governance Committee: The manager of the Fund shall appoint a governance committee comprising of corporate market experts including academicians, fund managers or chief investment officers, risk management professionals and independent market experts. The committee along with the manager and trustee company shall be responsible to approve the policies of the Fund.
The Governance Committee shall have oversight on management of asset liability mismatches during times of market dislocation.
Compliance Officer: The manager of the Fund shall appoint a compliance officer who shall be responsible for monitoring compliance with the applicable law and shall independently report to SEBI any non-compliance as soon as possible but not later than seven (7) days from the date of observing such non-compliance.
Source: Barandbench
