Mandatory listing of close ended scheme units required; daily NAV publication and debt maturity alignment enforced by mutual funds. Units of close ended mutual fund schemes must be mandatorily listed, listing fees treated as permissible expenses, in principle listing approval obtained and disclosed in the Scheme Information Document, and NAV computed and published daily. Close ended debt schemes may invest only in securities maturing on or before the scheme's maturity. Schemes with final observations but not launched must revise their Scheme Information Documents and file them before launch.
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.
Mandatory listing of close ended scheme units required; daily NAV publication and debt maturity alignment enforced by mutual funds.
Units of close ended mutual fund schemes must be mandatorily listed, listing fees treated as permissible expenses, in principle listing approval obtained and disclosed in the Scheme Information Document, and NAV computed and published daily. Close ended debt schemes may invest only in securities maturing on or before the scheme's maturity. Schemes with final observations but not launched must revise their Scheme Information Documents and file them before launch.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
