https://www.taxtmi.com/acts?id=34965 Subscription monies for a collective investment scheme must be kept in a separate bank account and applied to allotment only after the trustee receives a registrar/transfer agent statement confirming the offer document's minimum subscription has been received; refunds are required if the minimum is not met or in cases of over subscription. The offer document's minimum subscription must not be less than the appraising agency's specified amount necessary to complete the project. Scheme moneys must be used for scheme purposes as specified and any unutilised funds invested as disclosed in the offer document. en-us Sat, 12 Jan 2019 12:56:36 +0530 Wed, 04 Sep 2024 17:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34965 Subscription monies for a collective investment scheme must be kept in a separate bank account and applied to allotment only after the trustee receives a registrar/transfer agent statement confirming the offer document's minimum subscription has been received; refunds are required if the minimum is not met or in cases of over subscription. The offer document's minimum subscription must not be less than the appraising agency's specified amount necessary to complete the project. Scheme moneys must be used for scheme purposes as specified and any unutilised funds invested as disclosed in the offer document. Act-Rules SEBI Sat, 12 Jan 2019 12:56:36 +0530 https://www.taxtmi.com/acts?id=34965