Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Consideration of application for grant of provisional registration

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ation shall satisfy the Board that- (a) the 1[collective investment scheme]s of the applicant are in the nature of collective investment schemes; (b) the affairs of the applicant are not being conducted in a manner detrimental to the interest of existing investors; (c) the applicant has at least 50% independent directors at the time of making the application. Explanation :- "Independent di....