Regulation 24 - Procedure for launching of collective investment schemes
Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 Chapter V COLLECTIVE INVESTMENT SCHEMES OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY
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Launch conditions for collective investment schemes require trustee approval, credit rating, appraisal, close-ended structure and insurance protection. Trustee approval is required before launching any collective investment scheme; schemes must obtain a credit rating and appraisal, be structured as close-ended with a prescribed minimum duration, and have adequate insurance. After subscription closure, schemes must meet subscription thresholds, minimum investor diversification and single-party concentration limits; failure to meet these conditions requires refund of applicants' monies.
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Provisions expressly mentioned in the judgment/order text.
Launch conditions for collective investment schemes require trustee approval, credit rating, appraisal, close-ended structure and insurance protection.
Trustee approval is required before launching any collective investment scheme; schemes must obtain a credit rating and appraisal, be structured as close-ended with a prescribed minimum duration, and have adequate insurance. After subscription closure, schemes must meet subscription thresholds, minimum investor diversification and single-party concentration limits; failure to meet these conditions requires refund of applicants' monies.
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