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Review of Provisions relating to Close Ended Schemes

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Full Text of the Document

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....visions relating to Close Ended Schemes In order to further strengthen the framework for close ended schemes, it has been decided that for all close ended schemes (except Equity Linked Savings Schemes) to be launched on or after December 12, 2008: 1. The units shall be mandatorily listed. The provisions in the SEBI (Mutual Funds) Regulations, 1996 regarding repurchase and re-issue and exempt....

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