Gold exchange traded fund schemes: permitted to invest solely in gold instruments with specified custody and investment restrictions. The Regulations define gold exchange traded fund scheme and gold related instrument, allow mutual funds to invest scheme moneys in gold or gold related instruments, permit custody of such assets with a bank registered as a custodian, exclude the Seventh Schedule from applying to gold ETF schemes, and impose scheme-specific restrictions including a cap on initial issue expenses, investment of scheme funds primarily in gold or related instruments except to meet disclosed liquidity needs, permissible short-term bank deposits pending deployment, and inclusion of storage and handling as recurring expenses.
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.
Gold exchange traded fund schemes: permitted to invest solely in gold instruments with specified custody and investment restrictions.
The Regulations define gold exchange traded fund scheme and gold related instrument, allow mutual funds to invest scheme moneys in gold or gold related instruments, permit custody of such assets with a bank registered as a custodian, exclude the Seventh Schedule from applying to gold ETF schemes, and impose scheme-specific restrictions including a cap on initial issue expenses, investment of scheme funds primarily in gold or related instruments except to meet disclosed liquidity needs, permissible short-term bank deposits pending deployment, and inclusion of storage and handling as recurring expenses.
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