Obligations of Collective Investment Management Company

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..... sponsible for managing the funds or properties of the 1 [collective investment scheme] on behalf of the unit holders; (b) take all reasonable steps and exercise due diligence to ensure that the 2 [collective investment scheme] is managed in accordance with the provisions of these regulations, offer document and the trust deed; (c) exercise due diligence and care in managing assets and fund .....

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..... abide by the Code of Conduct as specified in the Third Schedule; (i) give receipts for all monies received by it and give a report to the Board every month, particularly of receipts and payments; (j) hold a meeting of the Board of Directors to consider the affairs of 6 [collective investment scheme] at least twice in every three months; (k) ensure that its officers or employees do not m .....

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..... d by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 7 ibid. 8 ibid. 9. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/84 dated 10-05-2022 before it was read as, . 10. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/84 dated 10-05-2022 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, .....

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