Private placement of infrastructure debt fund units permitted to a limited number of investors with trustee and AMC board approval. Regulation 49OA permits units of an infrastructure debt fund scheme to be offered by private placement to a limited number of investors, subject to ... Summary
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
Private placement of infrastructure debt fund units permitted to a limited number of investors with trustee and AMC board approval.
Regulation 49OA permits units of an infrastructure debt fund scheme to be offered by private placement to a limited number of investors, subject to trustees' and the asset management company board's approval; a placement memorandum in the manner specified by the Board must be filed with the Board prior to launch and the mutual fund must pay the filing fee specified in the Second Schedule.
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