Equity Linked Savings scheme imposes specified minimum investment and holding conditions before units can be repurchased. Equity Linked Savings Scheme 2005 prescribes subscription in prescribed multiples, timely allotment by the annual deadline, and minimum open periods for plans; it requires a minimum holding period from allotment before investors may tender units for repurchase back to the issuing Unit Trust or Mutual Fund, while on the investor's death the nominee or legal heir may withdraw after a specified shorter lapse from allotment or thereafter.
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.
Equity Linked Savings scheme imposes specified minimum investment and holding conditions before units can be repurchased.
Equity Linked Savings Scheme 2005 prescribes subscription in prescribed multiples, timely allotment by the annual deadline, and minimum open periods for plans; it requires a minimum holding period from allotment before investors may tender units for repurchase back to the issuing Unit Trust or Mutual Fund, while on the investor's death the nominee or legal heir may withdraw after a specified shorter lapse from allotment or thereafter.
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