Open ended equity linked saving plan allowed with prior regulatory approval; mutual funds or unit trusts may operate one plan. Amendment provides that 'year' means a year commencing from the date of allotment or holding of units in the plan and inserts a provision permitting a Unit Trust or Mutual Fund, at their discretion, to operate one Open Ended Equity Linked Saving Plan subject to prior regulatory approval.
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.
Open ended equity linked saving plan allowed with prior regulatory approval; mutual funds or unit trusts may operate one plan.
Amendment provides that "year" means a year commencing from the date of allotment or holding of units in the plan and inserts a provision permitting a Unit Trust or Mutual Fund, at their discretion, to operate one Open Ended Equity Linked Saving Plan subject to prior regulatory approval.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.