https://www.taxtmi.com/notifications?id=128396 Mutual funds may enter into derivatives transactions on recognised stock exchanges subject to Board guidelines; initial issue expenses of close ended schemes must be amortised per the Tenth Schedule and initial launch expenses shall not exceed six per cent of initial resources raised. No entry load shall be charged by any close ended scheme after commencement. On repurchase of units in qualifying close ended schemes, the mutual fund may deduct the proportionate unamortised initial issue expenses from repurchase proceeds, credited to the scheme's unamortised initial issue expenses. Dividend declarations are permitted per the offer document and Board guidelines. en-us Mon, 22 May 2006 00:00:00 +0530 Mon, 18 Feb 2019 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128396 Mutual funds may enter into derivatives transactions on recognised stock exchanges subject to Board guidelines; initial issue expenses of close ended schemes must be amortised per the Tenth Schedule and initial launch expenses shall not exceed six per cent of initial resources raised. No entry load shall be charged by any close ended scheme after commencement. On repurchase of units in qualifying close ended schemes, the mutual fund may deduct the proportionate unamortised initial issue expenses from repurchase proceeds, credited to the scheme's unamortised initial issue expenses. Dividend declarations are permitted per the offer document and Board guidelines. Notifications SEBI Mon, 22 May 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128396