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        SEBI

        Regulation 40 - Effect of winding up

        Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
        Chapter V
        SCHEMES OF MUTUAL FUND

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        Winding up effects: trustee or asset management company must cease scheme business, unit creation, issuance and redemption. On publication of the notice specified in regulation 39(3)(b), the trustee or asset management company must discontinue scheme-related business activities and cease creating or cancelling units, and must cease issuing or redeeming units, thereby suspending unit transactions for the wound-up 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.

                            Winding up effects: trustee or asset management company must cease scheme business, unit creation, issuance and redemption.

                            On publication of the notice specified in regulation 39(3)(b), the trustee or asset management company must discontinue scheme-related business activities and cease creating or cancelling units, and must cease issuing or redeeming units, thereby suspending unit transactions for the wound-up scheme.


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