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        SEBI

        Regulation 42 - Winding up of the scheme

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

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        Winding up of scheme: regulator confirmation of full compliance with winding steps causes the scheme to cease to exist. Winding up of a mutual fund scheme occurs when the regulator receives the winding-up report and is satisfied that all prescribed measures for winding up have been complied with; upon that satisfaction the scheme ceases to exist.
                      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 of scheme: regulator confirmation of full compliance with winding steps causes the scheme to cease to exist.

                          Winding up of a mutual fund scheme occurs when the regulator receives the winding-up report and is satisfied that all prescribed measures for winding up have been complied with; upon that satisfaction the scheme ceases to exist.


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