Change in the nature of the scheme of Mutual Fund
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Juhee Goyal /
Published on :
09-Aug-2022 05:21 AM /
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Hello Everyone!
Can a mutual fund change the nature of the scheme from the one specified in the offer document?
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Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:29 AM /
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28 /
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Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
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Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:26 AM /
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31 /
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In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
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Posted By : Juhee Goyal /
Published on :
15-Jul-2023 04:55 AM /
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42 /
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In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
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Posted By : Juhee Goyal /
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14-Jul-2023 05:05 AM /
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42 /
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What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
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Posted By : Juhee Goyal /
Published on :
13-Jul-2023 05:56 AM /
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54 /
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Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
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Posted By : Juhee Goyal /
Published on :
12-Jul-2023 05:07 AM /
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50 /
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If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
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Posted By : Juhee Goyal /
Published on :
28-Jun-2023 08:39 AM /
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61 /
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Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
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Posted By : Juhee Goyal /
Published on :
27-Jun-2023 04:13 AM /
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31 /
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Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
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Dear Member
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Yes. However, no change in the nature or terms of the scheme, known as fundamental attributes of the scheme e.g. structure, investment pattern, etc., can be carried out unless a written communication is sent to each unit holder and an advertisement is given in one English daily newspaper having nationwide circulation and in a newspaper published in the language of the region where the head office of the mutual fund is situated. The unit holders have the right to exit the scheme at the prevailing NAV without any exit load if they do not want to continue with the scheme. The mutual funds are also required to follow similar procedure while converting the scheme from close-ended to open-ended scheme
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