(1) An existing Collective Investment Scheme which satisfies the Boardthat the requirements specified in regulation 9 and the conditions specifiedunder regulation 71 have been fulfilled, 201 Word ―one‖ in clause (d) of sub-regulation (1) of Regulation 71 is substituted by the Securitiesand Exchange Board of India (Collective Investment Schemes) (Amendment) Regulations, 2002,w.e.f, 17-01-2002.
202Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014,w.e.f. 9-1-2014.
203Word ―one‖ in clause (e) of sub-regulation (1) of Regulation 71 is substituted by the Securitiesand Exchange Board of India (Collective Investment Schemes) (Amendment) Regulations, 2002,w.e.f, 17-01-2002.
204Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014,w.e.f. 9-1-2014.
205ibid.
206ibid.
207ibid.
shall be granted a certificate ofregistration under regulation 10 upon payment of registration fees asspecified in paragraph 2 of the Second Schedule and on such terms and conditions as may be specified by the Board.
(2) An existing Collective Investment Scheme which has been grantedcertificate of registration under sub-regulation (1) may be allowed to float new 208 [collective investment scheme]s on such terms and conditions as may be specified by the Board.
Manner of repayment and winding up