Retail scheme offer documents require advance filing, fiduciary approval, incorporation of regulatory comments, and prompt disclosure of material changes. Launch of a scheme requires advance filing of a draft offer document with applicable fees. The offer document remains valid for twelve months after the ... Summary
Retail scheme offer documents require advance filing, fiduciary approval, incorporation of regulatory comments, and prompt disclosure of material changes.
Launch of a scheme requires advance filing of a draft offer document with applicable fees. The offer document remains valid for twelve months after the Authority communicates that it has been taken on record, and that communication is treated as a Certificate of Registration for Income Tax Act purposes. The fund management entity must incorporate regulatory comments before launch, promptly report material changes, and obtain fiduciary approval before filing a retail scheme.
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