SECURITIES AND EXCHANGE BOARD OF INDIA (COLLECTIVE INVESTMENT SCHEMES) REGULATIONS, 1999 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

SECURITIES AND EXCHANGE BOARD OF INDIA (COLLECTIVE INVESTMENT SCHEMES) REGULATIONS, 1999 CONTENTS CHAPTER I: PRELIMINARY Short title and commencement Definitions CHAPTER II: REGISTRATION OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY No person other than Collective Investment Management Company to launch collective investment scheme 4. Application for grant of certificate. 4A. Application by a scheme or arrangement deemed to be a collective investment scheme Application by existing Collective Investment Schemes Application fee to accompany the application Application to conform to the requirements Furnishing information Conditions for eligibility 9A. Criteria for fit and proper person Grant of Certificate Terms and conditions to be complied with Procedure where registration is not granted CHAPTER III: BUSINESS ACTIVITIES AND OBLIGATIONS OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY Restrictions on business activities Obligations of Collective Investment Management Company 14A. Dispute Resolution Submission of information and documents CHAPTER IV: TRUSTEES AND THEIR OBLIGATIONS Trust Deed to be registered under the Registration Act Contents of trust deed Eligibility for appointment as trustee Appointment of trustee not found guilty Agreement with collective investment management company Rights and obligations of the trustee Termination of trusteeship Termination of the Agreement with the Collective Investment Management Company CHAPTER V: COLLECTIVE INVESTMENT SCHEMES OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY Procedure for launching of collective investment schemes No guaranteed returns Disclosures in the offer document Advertisement material Appraising Agency Misleading Statements Offer period Allotment of Units and refunds of moneys Unit certificates Transfer of units Mon