Mutual fund approval for investments in eligible public issues requires detailed disclosures and regulatory approvals. Application for approval requires identification of the mutual fund and trustees, statement of objects with the deed, SEBI registration and income-tax notification status, custodian details and agreement, AMC particulars with three years' audited balance sheets, scheme-specific details with SEBI approval, target public company and issue approval, bankers and auditors, and verification by an authorised signatory, filed in duplicate with the Board and accompanied by the specified documents.