Repeal and saving provisions: prior mutual fund regulations' actions, applications and appeals continue under corresponding current provisions. The 1993 mutual fund regulations are repealed, but a saving provision deems actions, registrations, approvals, fee collections, scheme announcements, ... Summary
Repeal and saving provisions: prior mutual fund regulations' actions, applications and appeals continue under corresponding current provisions.
The 1993 mutual fund regulations are repealed, but a saving provision deems actions, registrations, approvals, fee collections, scheme announcements, suspensions, cancellations, inquiries, and investigations under the repealed regulations to have been taken under corresponding provisions of the current Regulations; pending applications before the Board and appeals pending before the Central Government are likewise deemed made or preferred under the corresponding current provisions.
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