Economics · Economy

Considering the corporate governance and operational regulations for Asset Management Companies (AMCs) by SEBI in India, evaluate the accuracy of the following statements: Statement 1: An AMC is prohibited from undertaking any other business activity, such as portfolio management or advisory services, without the prior written approval of SEBI. Statement 2: The 'Skin in the Game' rules require AMCs to invest a flat 1% of the total NFO amount or & #8377;50 lakh, whichever is less, unconditionally across all scheme options. Statement 3: Key employees of the AMC, including fund managers, must have a specified portion of their salary invested in the mutual fund schemes they manage to ensure long-term accountability. Statement 4: The AMC must publish the annual report of all its mutual fund schemes or an abridged summary within four months from the closure of the financial year.