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Furnish Anuual Financial Statement & Appraisal Report to Unit Holder
30 May 2021 at 6:30:00 pm
Reg. 15(3) of SEBI (Collective Investment Scheme) Regulations, 1999: Collective Investment Management Company shall furnish a copy of financial statements & report to its Unit Holder, within 2 months from the end of financial year.
The Collective Investment Management Company shall furnish a copy of the Balance Sheet, Profit and Loss Account and a copy of the summary of the yearly appraisal report to the unit holders within two months from the closure of financial year.
All over India
Chapter V of the SEBI (Intermediaries) Regulations, 2008: Non-Compliance to any rules and regulation by any Collective Investment Management Company, may leads to following prohibations or penalties: (i) suspension of certificate of registration for a specified period; (ii) cancellation of certificate of registration; (iii) prohibiting the noticee to take up any new assignment or contract or launch a new scheme for the period specified in the order; (iv) debarring a principal officer of the noticee from being employed or associated with any registered intermediary or other registered person for the period specified in the order; (v) debarring a branch or an office of the noticee from carrying out activities for the specified period; (vi) warning the noticee.
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