Scheme winding-up permits closure upon tenure expiry, investor approval, unmet minimum corpus, or voluntary non-launch conditions. Scheme winding up may occur on expiry of the stated tenure, approval by investors representing seventy-five per cent by investment value, failure to ... Summary
Scheme winding-up permits closure upon tenure expiry, investor approval, unmet minimum corpus, or voluntary non-launch conditions.
Scheme winding up may occur on expiry of the stated tenure, approval by investors representing seventy-five per cent by investment value, failure to achieve the minimum corpus without extending the placement memorandum or offer document validity through required filing and fee payment, or voluntary closure where no investors have been onboarded and no funds collected. In the interest of investors and orderly market development, the Authority may direct scheme winding up, scheme mergers, or management of schemes of other Fund Management Entities.
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