Guidelines for Investment by Mutual Funds in Indian Depository Receipts (IDRs) and copies of gazette notifications dated April 8, 2009 and June 5, 2009
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Investment in Indian Depository Receipts permitted for mutual funds subject to SEBI Regulations and Seventh Schedule compliance. Mutual funds may invest in Indian Depository Receipts provided such investments comply with the SEBI (Mutual Funds) Regulations, 1996 and the investment restrictions set out in the Seventh Schedule; the circular also transmits amending gazette notifications and invokes powers under Section 11(1) of the SEBI Act, 1992 and Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.
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.
Investment in Indian Depository Receipts permitted for mutual funds subject to SEBI Regulations and Seventh Schedule compliance.
Mutual funds may invest in Indian Depository Receipts provided such investments comply with the SEBI (Mutual Funds) Regulations, 1996 and the investment restrictions set out in the Seventh Schedule; the circular also transmits amending gazette notifications and invokes powers under Section 11(1) of the SEBI Act, 1992 and Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.
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