Mutual fund regulation establishes registration, governance, disclosure, investment limits and penalties for non compliance inspection and reporting obligations. These Regulations require mutual funds to be registered with the Board, with Board approved trust deeds, an approved Asset Management Company, independent trustees and an independent custodian; they impose governance duties on trustees and AMCs, mandate scheme approval and truthful publicity, set investment, valuation and pricing rules including NAV computation and publication, require periodic reporting and audits, and authorise Board inspections and enforcement including suspension or cancellation after prescribed inquiry procedures.
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.
Mutual fund regulation establishes registration, governance, disclosure, investment limits and penalties for non compliance inspection and reporting obligations.
These Regulations require mutual funds to be registered with the Board, with Board approved trust deeds, an approved Asset Management Company, independent trustees and an independent custodian; they impose governance duties on trustees and AMCs, mandate scheme approval and truthful publicity, set investment, valuation and pricing rules including NAV computation and publication, require periodic reporting and audits, and authorise Board inspections and enforcement including suspension or cancellation after prescribed inquiry procedures.
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