Liability for action in case of default

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ovisions of the Act, rules or regulations framed thereunder or circulars and guidelines issued thereunder including: (a) failure to furnish any information or furnishes wrong information relating to its activity as a mutual fund as required under these regulations; (b) failure to furnish any returns as required under these regulations; (c) non co-operation in any inquiry....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ions 2015; (g) misconduct or improper or unbusinesslike or unprofessional conduct and fails to adhere to the Code of Conduct specified in the Fourth Schedule; (h) failure to carry out its obligations as specified in these regulations; (i) failure to comply with conditions for registration; (j) failure to maintain the net worth in accordance with the provisions o....