Statement of accounts or dematerialisation: AMCs must promptly issue unit evidence and consolidated investor statements. Regulation 36 requires AMCs to issue either a statement of accounts or dematerialised units to applicants whose applications are accepted within the prescribed short timeline from closure of the initial subscription list or receipt of application, and to issue dematerialised units on request within a brief working period. AMCs must also provide consolidated account statements monthly for investors with transactions and half yearly for folios without transactions, identifying common investors by Permanent Account Number; 'transaction' is defined to include purchases, redemptions, switches, dividend actions, systematic plans and bonus transactions.
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.
Statement of accounts or dematerialisation: AMCs must promptly issue unit evidence and consolidated investor statements.
Regulation 36 requires AMCs to issue either a statement of accounts or dematerialised units to applicants whose applications are accepted within the prescribed short timeline from closure of the initial subscription list or receipt of application, and to issue dematerialised units on request within a brief working period. AMCs must also provide consolidated account statements monthly for investors with transactions and half yearly for folios without transactions, identifying common investors by Permanent Account Number; "transaction" is defined to include purchases, redemptions, switches, dividend actions, systematic plans and bonus transactions.
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