Mutual fund regulation permits relaxation of enforcement for procedural issues, force majeure, or undue hardship, with a Rs. 1 lakh fee. The Board may relax strict enforcement of any Mutual Funds Regulation to protect unitholder interests or develop the securities market where the issue is ... Summary
Mutual fund regulation permits relaxation of enforcement for procedural issues, force majeure, or undue hardship, with a Rs. 1 lakh fee.
The Board may relax strict enforcement of any Mutual Funds Regulation to protect unitholder interests or develop the securities market where the issue is procedural or technical, non compliance arose from factors beyond the asset manager's control, or the requirement would cause undue hardship; applicants must file detailed grounds and pay a non refundable fee of one lakh rupees via NEFT/RTGS/IMPS, SEBI Payment Gateway, or other prescribed modes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.