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Section 29

the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017Central Regulations · 1992

(1) The offer document and advertisement materials shall not bemisleading or contain any statement or opinion which are incorrect or false.

(2) Where an offer document or advertisement includes any statement oropinion which are incorrect or false or misleading, every person—

(i) who is a director of the Collective Investment ManagementCompany at the time of the issue of the offer document;

(ii) who has issued the offer document and shall be punishableunder the Act unless he proves either that the statement or opinionwas immaterial or that he had reasonable ground to believe at thetime of the issue of the offer document or advertisement that thestatement was true.

Offer period

30. No 99 [collective investment scheme] shall be open for subscription for more than 90 days.

Allotment of Units and refunds of moneys

Where this provision sits

Actthe Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017
Section29
JurisdictionCentral
StatusIn force as published by the source

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