Alteration of approved fund rules requires prior approval, preventing changes to constitution, objects, or conditions without consent. No alteration to an approved fund's rules, constitution, objects, or conditions may be made without the prior approval of the approving authority, ... Summary
Alteration of approved fund rules requires prior approval, preventing changes to constitution, objects, or conditions without consent.
No alteration to an approved fund's rules, constitution, objects, or conditions may be made without the prior approval of the approving authority, imposing a statutory precondition on any amendment and requiring regulatory authorization to effect changes to the fund's governance or purpose under the Income-Tax rules.
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