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        SEBI

        Regulation 3 - No Person Other than Collective Investment Management Company to Launch collective investment scheme

        Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
        Chapter II
        REGISTRATION OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY

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        Collective Investment Management Company requirement: only certified companies may launch collective investment schemes under SEBI regulations. No person other than a Collective Investment Management Company that has obtained the requisite certificate under the applicable regulations is permitted to carry on, sponsor, or launch a collective investment scheme.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Collective Investment Management Company requirement: only certified companies may launch collective investment schemes under SEBI regulations.

                              No person other than a Collective Investment Management Company that has obtained the requisite certificate under the applicable regulations is permitted to carry on, sponsor, or launch a collective investment scheme.


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