(1) Advertisements in respect of every 96 [collective investment scheme] shall be in conformity withthe Advertisement Code as specified in the Seventh Schedule.
(2) The advertisement for each 97 [collective investment scheme] shall disclose in addition to theinvestment objectives, the method and periodicity of valuation of 98 [collective investment scheme]property.
Appraising Agency
28. The appraising agency whose appraisal report forms part of the offerdocument and has given a written consent for the inclusion of the appraisalreport in the offer document shall be liable for any statement in the appraisalreport which is misleading, incorrect or false.
92 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014,w.e.f. 9-1-2014.
93ibid.
94ibid.
95ibid.
96ibid.
97ibid.
98ibid.
Misleading Statements