Annual report requirement for mutual funds mandates preparation of annual reports and annual financial statements for each scheme. Regulation 54 requires every mutual fund or asset management company to prepare, for each financial year, an annual report and annual financial statements of the schemes as specified in the Eleventh Schedule and as specified by the Board.
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Provisions expressly mentioned in the judgment/order text.
Annual report requirement for mutual funds mandates preparation of annual reports and annual financial statements for each scheme.
Regulation 54 requires every mutual fund or asset management company to prepare, for each financial year, an annual report and annual financial statements of the schemes as specified in the Eleventh Schedule and as specified by the Board.
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