Repeal and saving provisions: prior mutual fund regulations' actions, applications and appeals continue under corresponding current provisions. The 1993 mutual fund regulations are repealed, but a saving provision deems actions, registrations, approvals, fee collections, scheme announcements, suspensions, cancellations, inquiries, and investigations under the repealed regulations to have been taken under corresponding provisions of the current Regulations; pending applications before the Board and appeals pending before the Central Government are likewise deemed made or preferred under the corresponding current provisions.
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.
Repeal and saving provisions: prior mutual fund regulations' actions, applications and appeals continue under corresponding current provisions.
The 1993 mutual fund regulations are repealed, but a saving provision deems actions, registrations, approvals, fee collections, scheme announcements, suspensions, cancellations, inquiries, and investigations under the repealed regulations to have been taken under corresponding provisions of the current Regulations; pending applications before the Board and appeals pending before the Central Government are likewise deemed made or preferred under the corresponding current provisions.
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