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 lite schemes require board approval and filing of the offer document before launch. A mutual fund lite scheme may not be launched by a mutual fund lite asset management company unless the scheme is approved by the board of directors of that asset management company and a copy of the offer document has been filed with the Board.
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 lite schemes require board approval and filing of the offer document before launch.
A mutual fund lite scheme may not be launched by a mutual fund lite asset management company unless the scheme is approved by the board of directors of that asset management company and a copy of the offer document has been filed with the Board.
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