Disclosure obligations require mutual funds to provide adequate investor information before any sale of scheme units. Regulation 58 requires mutual funds, asset management companies, trustees, custodians and sponsors to furnish disclosures or documents as called for by the Board and prohibits sale of scheme units unless accompanied by documents containing information adequate for investors to take informed decisions; earlier prescribed periodic reporting requirements were removed by amendment.
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.
Disclosure obligations require mutual funds to provide adequate investor information before any sale of scheme units.
Regulation 58 requires mutual funds, asset management companies, trustees, custodians and sponsors to furnish disclosures or documents as called for by the Board and prohibits sale of scheme units unless accompanied by documents containing information adequate for investors to take informed decisions; earlier prescribed periodic reporting requirements were removed by amendment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
