SEBI has issued a circular for timelines related to processing of scheme related applications filed by AMC’s

Jul 29, 2021 | by Avantis RegTech Legal Research Team

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Secretarial Compliance

The Securities and Exchange Board of India (SEBI) on July 23, 2021 has issued a circular for the timelines related to processing of scheme related applications filed by AMC’s. 

The application filed by AMCs for the following matters may be deemed to be taken on record in case no modifications are suggested or no queries are raised by SEBI within 21 working days:

• Change in the Fundamental Attributes of a scheme.

• Merger/Consolidation of Schemes.

• Rollover of Close-ended schemes.

• Conversion of Close-ended scheme to Open ended scheme. 

The circular shall be applicable for all the applications received on or after September 01, 2021.

 


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