Regulation 23 - Procedure where approval is not granted - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

Procedure where approval is not granted 23. Where an application made under regulation 19 for grant of approval does not satisfy the eligibility criteria laid down in regulation 21 1 [ and regulation 86 ] , the Board may reject the application. ************** NOTES:- 1. Inserted vide Notification No.SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. ninetieth day from the date of their publication in the Official Gazette