Repayment obligation for unregistered collective investment schemes requires adoption and implementation of a repayment scheme under regulatory procedure. An existing collective investment scheme that does not seek provisional registration must formulate and implement a scheme to repay its existing investors in the manner specified in regulation 73, requiring a concrete repayment mechanism and disbursement according to the prescribed regulatory procedure.
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.
Repayment obligation for unregistered collective investment schemes requires adoption and implementation of a repayment scheme under regulatory procedure.
An existing collective investment scheme that does not seek provisional registration must formulate and implement a scheme to repay its existing investors in the manner specified in regulation 73, requiring a concrete repayment mechanism and disbursement according to the prescribed regulatory procedure.
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