Regulation 38 - Effect of commencement of winding up proceedings - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

Effect of commencement of winding up proceedings 38. On and from the date of the publication of notice under sub-regulation (3) of regulation 37, the trustee or the Collective Investment Management Company as the case may be, shall cease to carry on any business activities in respect of the 1 [collective investment scheme] so wound up. ************* NOTES:- 1 ibid.