Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual fund registration requires sponsor application, prescribed fee, Board information requests, and eligibility for certificate issuance. The sponsor must submit an application in the Board's specified format with a non refundable fee; incomplete applications may be rejected but must be afforded an opportunity to complete formalities. The Board may seek additional information, decide upon receipt of all information, and register the mutual fund and issue a certificate of registration only if the sponsor satisfies the eligibility criteria and pays the prescribed registration fee; failure to meet eligibility under regulation 5 or 57 leads to rejection.
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.
Mutual fund registration requires sponsor application, prescribed fee, Board information requests, and eligibility for certificate issuance.
The sponsor must submit an application in the Board's specified format with a non refundable fee; incomplete applications may be rejected but must be afforded an opportunity to complete formalities. The Board may seek additional information, decide upon receipt of all information, and register the mutual fund and issue a certificate of registration only if the sponsor satisfies the eligibility criteria and pays the prescribed registration fee; failure to meet eligibility under regulation 5 or 57 leads to rejection.
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