Restriction on brokerage payments now applies prospectively to sponsor investments only, per the circular issued. Restriction on payment of brokerage/commission is imposed prospectively from the April circular date and applies only to subscriptions made by the sponsor(s) of the mutual fund, covering payments to agents, distributors or otherwise.
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.
Restriction on brokerage payments now applies prospectively to sponsor investments only, per the circular issued.
Restriction on payment of brokerage/commission is imposed prospectively from the April circular date and applies only to subscriptions made by the sponsor(s) of the mutual fund, covering payments to agents, distributors or otherwise.
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