Regulation 32 - Unit certificates - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

Unit certificates 32. The Collective Investment Management Company shall issue to the applicant whose application has been accepted, 1 [ the units only in dematerialized form within a period of five working days ] from the date of closure of the subscription list 2 [ . ] 3 [ **** ] ************* NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/84 dated 10-05-2022 before it was read as, unit certificates as soon as possible but not later than six weeks 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/84 dated 10-05-2022 before it was read as, : 3. Omitted vide Notification No. SEBI/LAD-NRO/GN/2022/84 dated 10-05-2022 before it was read as, Provided that if the units are issued through a depository, a receipt in lieu of unit certificate will be issued as per provisions of Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 and byelaws of the depository.