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    <title>Failure to pay annual service fee</title>
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    <description>Regulation 13 provides that a mutual fund that has not paid the annual service fee may be barred from initiating new schemes, with the Board empowered to withhold permission to launch any scheme where the required fee remains unpaid; the term was substituted to read &quot;annual service fee.&quot;</description>
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      <description>Regulation 13 provides that a mutual fund that has not paid the annual service fee may be barred from initiating new schemes, with the Board empowered to withhold permission to launch any scheme where the required fee remains unpaid; the term was substituted to read &quot;annual service fee.&quot;</description>
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