Fund participation threshold timing clarified; corpus measured on fixed biannual dates and a short cure period provided.

The amendment requires aggregate participation or investment to be measured by reference to the corpus of the fund as on the first day of April and the first day of October of the previous year, removes the term "or indirectly" from the relevant clause, and adds a proviso allowing a four-month cure period after either date for instances where the aggregate participation or investment exceeds the prescribed threshold.

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