Application fee requirement: registration applications must include a non-refundable fee as prescribed in the schedule. Regulation 4 mandates that every application for registration under regulation 3 must be accompanied by a non refundable application fee as specified in ... Summary
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
Application fee requirement: registration applications must include a non-refundable fee as prescribed in the schedule.
Regulation 4 mandates that every application for registration under regulation 3 must be accompanied by a non refundable application fee as specified in the Second Schedule, making payment a precondition to consideration of the registration request and directing applicants to the Second Schedule for the applicable amount.
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