Regulation 23 - Procedure where approval is not granted
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 Chapter IV CONSTITUTION AND MANAGEMENT OF ASSET MANAGEMENT COMPANY AND CUSTODIAN
Contents
Notifications
Rules & Regulations
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Eligibility criteria govern that failure to meet requirements permits rejection of mutual fund approval applications. Where an application made under regulation 19 for grant of approval does not satisfy the eligibility criteria laid down in regulation 21 and regulation ... Summary
Eligibility criteria govern that failure to meet requirements permits rejection of mutual fund approval applications.
Where an application made under regulation 19 for grant of approval does not satisfy the eligibility criteria laid down in regulation 21 and regulation 86, the Board may reject the application; this operates as a regulatory gatekeeping mechanism within the mutual funds framework for asset management company and custodian approvals.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.