Allotment of Units and refunds of moneys

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Full Text of the Document

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....mum subscription amount it seeks to raise under the 1[collective investment scheme]; and (b) in case of oversubscription the process of allotment of the amount oversubscribed. (2) The Collective Investment Management Company shall refund the application money to the applicants,- (i) if the 2[collective investment scheme] fails to receive the minimum subscription amount referred to in clause (a....