https://www.taxtmi.com/circulars?id=58095 Restriction on redemption may be imposed only for market-wide illiquidity, market failures, exchange disruptions, or exceptional operational force majeure despite adequate disaster recovery. Such restriction requires specific approval of AMC Boards and Trustees, immediate intimation to SEBI, prominent disclosure in scheme documents, and is limited to a period not exceeding 10 working days in any 90 day period. Small redemption requests are exempted from restriction and larger redemptions must be partially processed up to the exempted amount. AMCs must maintain internal liquidity management and cannot use restriction for issuer-specific illiquidity or poor investment decisions. en-us Tue, 31 May 2016 00:00:00 +0530 Thu, 06 Dec 2018 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58095 Restriction on redemption may be imposed only for market-wide illiquidity, market failures, exchange disruptions, or exceptional operational force majeure despite adequate disaster recovery. Such restriction requires specific approval of AMC Boards and Trustees, immediate intimation to SEBI, prominent disclosure in scheme documents, and is limited to a period not exceeding 10 working days in any 90 day period. Small redemption requests are exempted from restriction and larger redemptions must be partially processed up to the exempted amount. AMCs must maintain internal liquidity management and cannot use restriction for issuer-specific illiquidity or poor investment decisions. Circulars SEBI Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58095