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 disclosure, material-change notification and timely annual fee payment under regulatory rules. Registration of a mutual fund is subject to: adherence by trustees, sponsor, asset management company and custodian to the Regulations; prompt notification if previously submitted information is materially misleading; immediate disclosure of any material change bearing on registration; and payment of annual fees specified in the First Schedule, payable before 15 April each year after registration, with a possible two-month extension at the Board's discretion and further Board action, including withholding scheme launch permission, for delays beyond the extended period.
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 disclosure, material-change notification and timely annual fee payment under regulatory rules.
Registration of a mutual fund is subject to: adherence by trustees, sponsor, asset management company and custodian to the Regulations; prompt notification if previously submitted information is materially misleading; immediate disclosure of any material change bearing on registration; and payment of annual fees specified in the First Schedule, payable before 15 April each year after registration, with a possible two-month extension at the Board's discretion and further Board action, including withholding scheme launch permission, for delays beyond the extended period.
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