Disclosure standards: mutual funds must adopt SEBI's standard observations and file revised offer documents with due diligence. Mutual funds must incorporate SEBI's standard observations published on its website into offer documents and abridged offer documents; file a revised offer document and memorandum with a fresh due diligence certificate for SEBI's records and reproduce that certificate in the offer document; and comply with prior circular requirements. While filing revisions, funds must highlight page numbers where each observation appears and state the date of the observations as on the website; the same observations may be used for new scheme filings to expedite processing.
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.
Disclosure standards: mutual funds must adopt SEBI's standard observations and file revised offer documents with due diligence.
Mutual funds must incorporate SEBI's standard observations published on its website into offer documents and abridged offer documents; file a revised offer document and memorandum with a fresh due diligence certificate for SEBI's records and reproduce that certificate in the offer document; and comply with prior circular requirements. While filing revisions, funds must highlight page numbers where each observation appears and state the date of the observations as on the website; the same observations may be used for new scheme filings to expedite processing.
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