Regulation 34 - Offering period - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

Offering period 34. No scheme of a mutual fund other than the 1 [initial] offering period of any equity linked savings schemes shall be open for subscription for more than 2 [15] days: 4 [ **** ] ********** 1 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 1998, w.e.f. 12-1-1998. 2 Substituted for 45 by the SEBI (Mutual Funds) (Amendment) Regulations, 2010, w.e.f. 29-7-2010. 3 Inserted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2013 w.e.f. 19-6-2013 4. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as 3 [Provided that in case of mutual fund schemes eligible under Rajiv Gandhi Equity Savings Scheme, the period specified in this regulation shall not be more than thirty days.]