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          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.

          <h1>Allotment of units requires offer document disclosure; refunds are mandated if minimum subscription fails or oversubscription occurs.</h1> Regulation 35 requires the asset management company to disclose the minimum subscription and any extent of oversubscription in the offer document; applicants up to five thousand units receive full allotment subject to retained oversubscription. The mutual fund and asset management company must refund application monies if the minimum subscription is not met or if receipts exceed retained subscription, with refunds to be made within five working days from closure of the subscription list as specified by the Board, and interest payable on delayed refunds.

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