Retail scheme offer-document filing requires advance submission, fiduciary approval, incorporation of comments, and immediate disclosure of material changes. Retail scheme launches require the FME to file a draft offer document with applicable fees at least twenty-one working days before launch. The offer ... Summary
Retail scheme offer-document filing requires advance submission, fiduciary approval, incorporation of comments, and immediate disclosure of material changes.
Retail scheme launches require the FME to file a draft offer document with applicable fees at least twenty-one working days before launch. The offer document remains valid for twelve months from communication that it has been taken on record, which is treated as a Certificate of Registration for Income-tax Act purposes. The FME must incorporate comments before launch, immediately disclose material changes, and obtain fiduciary approval before filing a retail scheme.
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