Mutual fund registration requires sponsor application, prescribed fee, Board information requests, and eligibility for certificate issuance.

The sponsor must submit an application in the Board's specified format with a non refundable fee; incomplete applications may be rejected but must be afforded an opportunity to complete formalities. The Board may seek additional information, decide upon receipt of all information, and register the mutual fund and issue a certificate of registration only if the sponsor satisfies the eligibility criteria and pays the prescribed registration fee; failure to meet eligibility under regulation 5 or 57 leads to rejection.

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