Regulation 31 - Regulation - COLLECTIVE INVESTMENT SCHEMES OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Regulation 31 - Allotment of Units and refunds of moneys 31. (1) The Collective Investment Management Company shall specify in the offer document,- (a) the minimum and the maximum subscription amount it seeks to raise under the 1[collective investment scheme]; and (b) in case of oversubscription the process of allotment of the amount oversubscribed. (2) The Collective Investment Management Company shall refund the application money to the applicants,- (i) if the 2[collective investment scheme] fails to receive the minimum subscription amount refer

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =