Statement of accounts or unit certificates
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....e of receipt of the application.] ^9[****] ^10[(3) The asset management company shall issue units in dematerialized form to a unit holder in a scheme within two working days of the receipt of request from the unit holder.]] ^7[(4) The asset management company shall ensure that consolidated account statement for each calendar month is issued, ^11[as per the timeline specified by the Board from time to time], detailing all the transactions and holding at the end of the month including transaction charges paid to the distributor, across all schemes of all mutual funds, to all the investors in whose folios transaction has taken place during that month: Provided that the asset management company shall ensure that a consolidated accou....
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....shall issue the unit certificates to the applicant within six weeks of the receipt of request for the certificate." [*Substituted for the words 'subscription list' by the SEBI (Mutual Funds) (Amendment) Regulations, 1998, w.e.f. 12-1-1998] 2 Substituted for "thirty days" by the SEBI (Mutual Funds) (Amendment) Regulations, 2010, w.e.f. 29-7-2010. 3 Substituted for "thirty days", ibid. 4 Inserted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2013 w.e.f. 19-6-2013 5 Substituted for "thirty days", ibid. 6 Inserted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2013 w.e.f. 19-6-2013 7 Inserted by the SEBI (Mutual Funds) (Third Amendment) Regulations, 2011, w.e.f. 30-8-2011....
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