TMI BlogRepurchase of close ended schemesX X X X Extracts X X X X X X X X Extracts X X X X ..... Funds) (Amendment) Regulations, 2009 shall not be repurchased before the end of maturity period of such scheme.] (2) The units of close ended schemes referred to in the proviso to regulation 32 may be open for sale or redemption at fixed predetermined intervals 2 [***] if the maximum and minimum amount of sale or redemption of the units and the periodicity of such sale or redemption have bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same has been filed with the Board : Provided further that such roll over will be permitted only in the case of those unitholders who express their consent in writing and the unitholders who do not opt for the roll over or have not given written consent shall be allowed to redeem their holdings in full at net asset value based price.] ******** 1 Substituted by the SEBI (Mutual Fu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12-1-1998, for the words the majority of the unitholders gives a consent to that effect. 5 Inserted by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2006, w.e.f22-5-2006. 6 Substituted by the SEBI (Mutual Funds) (Amendment) Regulations, 2008, w.e.f. 16-4-2008. Prior to its substitution, clause (c) read as under; *[(c) the initial issue expenses of the scheme have been amorti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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