Listing of winding-up mutual fund schemes enables optional investor exit via dematerialised trading on stock exchanges with prescribed listing formalities. Units of mutual fund schemes under the winding-up process shall be listed on recognized stock exchanges as an optional exit route for investors, subject to listing formalities; initial trading will be in dematerialised form and AMCs must enable transfer of units held as Statement of Account or unit certificates.
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Provisions expressly mentioned in the judgment/order text.
Listing of winding-up mutual fund schemes enables optional investor exit via dematerialised trading on stock exchanges with prescribed listing formalities.
Units of mutual fund schemes under the winding-up process shall be listed on recognized stock exchanges as an optional exit route for investors, subject to listing formalities; initial trading will be in dematerialised form and AMCs must enable transfer of units held as Statement of Account or unit certificates.
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