Consolidated account statements: monthly statements required, with unit allotment confirmations sent by email or SMS, and option for physical reports. The circular mandates electronic delivery of scheme annual reports or abridged summaries to investors with registered email addresses while preserving an opt in for physical copies, requires AMCs to solicit and register missing email addresses, display reports on AMC websites and provide physical copies on request, and introduces a requirement that AMCs issue a consolidated account statement each calendar month to investors whose folios had transactions during that month, while maintaining unit allotment confirmation by email and/or SMS within the existing dispatch timeline.
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: monthly statements required, with unit allotment confirmations sent by email or SMS, and option for physical reports.
The circular mandates electronic delivery of scheme annual reports or abridged summaries to investors with registered email addresses while preserving an opt in for physical copies, requires AMCs to solicit and register missing email addresses, display reports on AMC websites and provide physical copies on request, and introduces a requirement that AMCs issue a consolidated account statement each calendar month to investors whose folios had transactions during that month, while maintaining unit allotment confirmation by email and/or SMS within the existing dispatch timeline.
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