Deemed recordation timelines for scheme applications ensure uniform processing while allowing exceptions for policy or incomplete filings. SEBI prescribes that certain scheme-related filings by AMCs will be deemed to be taken on record or treated as having no objection if no queries or modifications are raised within 21 working days, covering changes in fundamental attributes, mergers/consolidations, rollovers and conversions of close ended schemes, and Regulation 24(b) applications; this applies to complete applications, except where policy-level consultation is required, and to submissions received on or after the effective date.
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.
Deemed recordation timelines for scheme applications ensure uniform processing while allowing exceptions for policy or incomplete filings.
SEBI prescribes that certain scheme-related filings by AMCs will be deemed to be taken on record or treated as having no objection if no queries or modifications are raised within 21 working days, covering changes in fundamental attributes, mergers/consolidations, rollovers and conversions of close ended schemes, and Regulation 24(b) applications; this applies to complete applications, except where policy-level consultation is required, and to submissions received on or after the effective date.
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