Exit option window period redefined for change in control - shorter notice generally, extended notice for scheme consolidation or merger. Unitholders must be offered an option to exit at the prevailing Net Asset Value (NAV) without any exit load within a period not less than 15 calendar days from the date of communication, except where change in control results in consolidation or merger of schemes, in which case the exit option period is not less than 30 calendar days; all other provisions remain unchanged and AMCs must implement changes within one month.
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Provisions expressly mentioned in the judgment/order text.
Exit option window period redefined for change in control - shorter notice generally, extended notice for scheme consolidation or merger.
Unitholders must be offered an option to exit at the prevailing Net Asset Value (NAV) without any exit load within a period not less than 15 calendar days from the date of communication, except where change in control results in consolidation or merger of schemes, in which case the exit option period is not less than 30 calendar days; all other provisions remain unchanged and AMCs must implement changes within one month.
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