Gold Exchange Traded Funds restricted to investments in gold and specified gold instruments, with custody and liquidity rules governing deployment. Gold exchange traded fund schemes are defined and authorised to invest primarily in gold or gold related instruments (as specified by the Board). Money raised under a Gold ETF must be invested only in gold or gold related instruments except as necessary for liquidity disclosed in the offer document; pending investment, funds may be placed in short-term deposits of scheduled commercial banks. Custody of gold assets may be held by a bank registered as a custodian. Recurring storage and handling expenses are permitted, and initial issue expenses are capped by regulation.
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.
Gold Exchange Traded Funds restricted to investments in gold and specified gold instruments, with custody and liquidity rules governing deployment.
Gold exchange traded fund schemes are defined and authorised to invest primarily in gold or gold related instruments (as specified by the Board). Money raised under a Gold ETF must be invested only in gold or gold related instruments except as necessary for liquidity disclosed in the offer document; pending investment, funds may be placed in short-term deposits of scheduled commercial banks. Custody of gold assets may be held by a bank registered as a custodian. Recurring storage and handling expenses are permitted, and initial issue expenses are capped by regulation.
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