Regulation 11 - Regulation - REGISTRATION OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Regulation 11 - Terms and conditions to be complied with 11. The certificate granted under regulation 10 shall be subject to the following conditions, namely:- (a) any director of the Collective Investment Management Company shall not be a director in any other Collective Investment Management Company unless such person is an independent director referred to in clause (g) of regulation 9 and approval of the board of Collective Investment Management Companies of which such person is an independent director, has been obtained; (b) the Collective Investment Management Company shall forthwith inform the Board of any material change in the information or particulars previously furnished, which have a bearing on the certificate granted by it; (c) appointment of a director of a Collective Investment Management Compa

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