EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
Regulation 35 - Investments and segregation of funds
Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 Chapter V COLLECTIVE INVESTMENT SCHEMES OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY
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Segregation of scheme assets ensures funds serve only disclosed objectives and limits inter-scheme transfers. Collective investment scheme funds must be used only for the scheme's disclosed objectives; the management company must segregate assets of different ... Summary
Segregation of scheme assets ensures funds serve only disclosed objectives and limits inter-scheme transfers.
Collective investment scheme funds must be used only for the scheme's disclosed objectives; the management company must segregate assets of different schemes, may not invest one scheme's corpus in another, and must not transfer funds between schemes except upon scheme termination with trustee and Board approval. The company is also subject to a statutory cap limiting investment of raised capital in projects owned directly or indirectly by the company.
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