Allotment of units and refunds of money

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..... ubscription the extent of subscription it may retain : Provided that where the asset management company retains the over subscription referred to in clause (b), all the applicants applying upto five thousand units shall be given full allotment subject to the over subscription mentioned in clause (b). (2) The mutual fund and asset management company shall be liable to refund the application m .....

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..... ond Amendment) Regulations, 2013 w.e.f. 19-6-2013 5. Substituted 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) Any amount refundable under sub-regulation (2) shall be refunded within a period of 1 [five working days] from the date of closure of sub .....

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..... ive working days] from the date of closure of the subscription list: 4 [Provided that in case of mutual fund schemes eligible under Rajiv Gandhi Equity Savings Scheme, the period specified in this sub-regulation shall be fifteen days from the closure of the initial subscription list.] - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax M .....

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