Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Consolidated account statements must report all mutual fund transactions and holdings and identify investors by PAN. Regulation 34 mandates asset management companies to issue consolidated account statements monthly to investors with transactions that month-detailing all transactions, month-end holdings across all mutual fund schemes and distribution commission-and to issue half-yearly statements for investors with no transactions in the preceding six-month period ending in September or March; companies must identify common investors by PAN and the regulation defines 'transaction' to include purchases, redemptions, switches, income distribution cum capital withdrawal payouts and reinvestments, SIPs, SWPs, and STPs.
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.
Consolidated account statements must report all mutual fund transactions and holdings and identify investors by PAN.
Regulation 34 mandates asset management companies to issue consolidated account statements monthly to investors with transactions that month-detailing all transactions, month-end holdings across all mutual fund schemes and distribution commission-and to issue half-yearly statements for investors with no transactions in the preceding six-month period ending in September or March; companies must identify common investors by PAN and the regulation defines "transaction" to include purchases, redemptions, switches, income distribution cum capital withdrawal payouts and reinvestments, SIPs, SWPs, and STPs.
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