Schedule - 06 - Contents of the offer document - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

SIXTH SCHEDULE SECURITIES AND EXCHANGE BOARD OF INDIA (COLLECTIVE INVESTMENT SCHEME) REGULATIONS, 1999 [Regulation 26(2)] CONTENTS OF THE OFFER DOCUMENT Contents The offer document filed with the Board shall contain, in addition to the requirements specified in the regulations, following information so as to enable the investors to make a true, fair and informed decision on the investments in the 1 [collective investment scheme], namely: 1. Outer Cover Pages 1.1 Front Outer Cover Page (i) The front outer cover page of the offer document filed with the Board shall contain the following details only:- The name of the 2 [collective investment scheme], name and address of the registered office of the Collective Investment Management Company and trustee along with their telephone number and fax number. (ii) The nature, number, price and amount of the units offered. (iii)The following clause in respect of general risk should be incorporated: Investment in units involve a degree of risk and investors should not invest any funds in this offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this offering. For taking an investment decision, investors must rely on their own examination of the 3 [collective investment scheme] and the offer including the risks involved. The units have not been recommended or approved by Securities and Exchange Board of India (SEBI) nor does SEBI guarantee the accuracy or adequacy of this document. Specific attention of investors shall be invited to the summarized and detailed statement of Risk Factors by indicating their page number(s) in the General Risks . (iv) Collective Investment Management Company s Absolute Responsibility clause to be incorporated as under: The Collective Investment Management Company, having made all reasonable inquiries, accepts responsibility for and confirms that this offer document contains all information with regard to the 4 [collective investment scheme] and that the information contained in the offer document is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which make this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. (v) The name and address of the Registrar to the issue along with the telephone number and fax number. (vi) The name and address of the auditor of the 5 [collective investment scheme]. (vii) Opening, Closing and Earliest closing date (if any) for the offer. (viii) Credit Rating - Name of the Credit Rating Agency, the rating given, the tenure of the rating. (ix) Name of the Compliance Officer. (x) Name of the appraising agency - A brief appraisal report. (xi) The front cover page shall be white. No patterns or pictures shall be printed on this page. (xii) The cover page paper shall be of adequate thickness (preferably minimum 100 gcm quality). 1.2 Front Inside Cover Page Index shall appear on the Front Inside Cover Page. 1.3 Inner Cover Pages The other risk factors shall be printed in clear readable font (preferably of minimum point 10 size) starting on the first inner cover page to be numbered page i (and, if need be, shall continue on subsequent pages ii, iii, etc. as distinct from the page number of the offer document proper which would run as 1, 2, 3, etc. ) in addition to appearing in the offer document. 1.4 Back cover Pages Back Inside Cover Page and Back Outside Cover Page shall be in white and blank. Any notes required to be given prominence shall appear immediately after the Risk Factors wherever they appear. 2. Risk Factors The Collective Investment Management Company shall classify the risk factors as those which are specific and internal to the 6 [collective investment scheme] and those which are external and beyond the control of the Collective Investment Management Company. Collective Investment Management Company s perception of the internal and external risk factors shall be given immediately after each of the risk factors and not as a separate heading under management perception. 3. Disclaimer Clause The offer document shall contain the following disclaimer clause in capital letters and bold. It is to be distinctly understood that submission of offer document to SEBI should not in any way be deemed or construed that the same has been cleared or approved by SEBI. SEBI does not take any responsibility either for the financial soundness of any 7 [collective investment scheme] for which the issue is proposed to be made or for the correctness of the statements made or opinions expressed in the offer document. Collective Investment Management Company, ............................ has certified that the disclosures made in the offer document are generally adequate and are in conformity with SEBI (Collective Investment Scheme) Regulations, 1999 in force for the time being. This requirement is to facilitate unit holders to take an informed decision for making investment in the proposed issue. It should also be clearly understood that the Collective Investment Management Company is primarily responsible for the correctness, adequacy and disclosure of all relevant information in the offer document. WE THE COLLECTIVE INVESTMENT MANAGEMENT COMPANY CONFIRM that: the offer document forwarded to SEBI is in conformity with the documents, materials and paper relevant to the issue; all the legal requirements connected with the said issue, as also the guidelines, instructions, etc. issued by SEBI, the Government and any other competent authority in this behalf have been duly complied with; and the disclosures made in the offer document are true, fair and adequate to enable the investors to make a well informed decision as to the investment in the proposed 8 [collective investment scheme]. We confirm that beside ourselves, all the intermediaries named in the prospectus are registered with SEBI and till date such registration is valid. 4. Undertaking from the Collective Investment Management Company The following undertaking by the Collective Investment Management Company shall be incorporated in the offer document: (i) that the complaints received in respect of the issue of units of the 9 [collective investment scheme] would be attended to expeditiously and satisfactorily, (ii) that the funds required for despatch of refund orders/allotment letters/certificates by registered post shall be made available to the Registrar to the Issue by the Collective Investment Management Company, (iii) that the certificates of the units/refund orders to the non-resident Indians shall be despatched in time, (iv) that no units shall be issued to the public later than six months after the date of the offer document i.e. the date when the offer document is filed with the Board. 5. Fictitious Applications Any person who makes in a fictitious name an application for acquiring or subscribing for any units of a 10 [collective investment scheme], or otherwise induces the 11 [collective investment scheme] to allot, or register any transfer of units therein to him, or to any other person in a fictitious name, shall be punishable under the provisions of the SEBI Act, 1992. 6. Minimum Subscription Clause The Collective Investment Management Company shall state that the minimum subscription of units necessary for the purpose of launching the 12 [collective investment scheme]. The minimum subscription clause is to be incorporated in the offer document as under: If the 13 [collective investment scheme] does not receive the above stated minimum subscription of units from the public on the date of closure of the issue, then the entire subscription amount received shall be refunded forthwith. 7. Maximum Subscription Clause The Collective Investment Management Company shall state the maximum number of units that shall be offered through the offer document. Minimum and Maximum - by Appraising Agency compared. 8. Terms of the present issue 8.1 Terms of payments 8.2 Rights of the investors 8.3 How to apply - availability of forms, offer document and mode of payment 8.4 Any special tax benefits for investing in the 14 [collective investment scheme]. 9. Appraisal of the Project Project to be appraised by appraising agency for carrying out appraisal and salient features of the appraisal report to be detailed. The scope and purpose of the appraisal along with the date of appraisal may be disclosed. The cost of the project and means of finance as per the appraisal report should also be disclosed. The weakness and threats, if any, given in the appraisal report should also be disclosed by way of risk factors. 10. Project relating to the 15 [collective investment scheme] The Collective Investment Management Company shall disclose- (i) detail particulars as are sufficient to disclose the true nature of the 16 [collective investment scheme], (ii) the nature and description of property and the conditions or circumstances under which it will become vested with the trustee, (iii) with respect to the property purchased or acquired or proposed to be purchased or acquired in relation to the 17 [collective investment scheme], the following shall be given : - the name and address of the vendor(s) - the amount of cash or other consideration paid or payable to the vendor or each vendor, as the case may be, - short particulars of any transaction relating to the property, in which any vendor of the property or any person who is, or was at the time of the transaction, having control or controlling interest in or director of the Collective Investment Management Company or directly or indirectly related to the Collective Investment Management Company (if the property to be acquired by the trustee is to be taken on lease then the term vendor would construe to mean lessor , the expression purchase money would include the consideration for the lease) (iv) the amount or estimated amount of, (v) the expense of setting up the 18 [collective investment scheme], and (vi) the expense of the issue, and the names of the persons by whom any of these expenses have been paid or are payable. 11. Management of the 19 [collective investment scheme] 11.1 This section shall describe the manner in which the 20 [collective investment scheme] is managed. The disclosures shall include- (i) Identification of Collective Investment Management Company and the name of the key personnel of the Collective Investment Management Company who would be responsible for managing the v along with his qualifications, experience and background; (ii) Name and address of the Investor Relations Officer; (iii) The name and the address of the Collective Investment Management Company and the names and addresses of the Directors on the Board of the Collective Investment Management Company with a brief description of the experience of the Collective Investment Management Company; (iv) disclosure of the date of entering the Investment Management Agreement; (v) Full information regarding the remuneration/compensation of the trustee and the Collective Investment Management Company respectively, the manner in which that remuneration/compensation is provided for, and the changes (if any) that will be made by way of that remuneration/compensation upon the sale of or subscription for any units of the 21 [collective investment scheme] and upon the distribution of income and capital or otherwise in connection with the 22 [collective investment scheme]. 11.2 The identity of any other person who provides significant administrative or business management services and a brief description of the services provided and the compensation to be paid therefore. 11.3 The name and principal business address of the Registrars and Transfer Agents. A statement to the effect that the trustee and the Collective Investment Management Company have ensured that the Registrar has adequate capacity to discharge responsibilities with regard to processing of applications and despatching unit certificates to unit holders within the time limit prescribed in the regulations and also has sufficient capacity to handle investor complaints. 11.4 Identification and name and address of the statutory auditor for the 23 [collective investment scheme]. 12. Constitution of the Collective Investment Scheme Under this head, the following shall be discussed: (i) A brief description of the objectives of the 24 [collective investment scheme]; (ii) Functions and responsibilities of the constituents of the Collective Investment Scheme viz., Collective Investment Management Company and trustee; (iii) Names and addresses of the Directors of the trustee and details of their principal occupations and current directorships; (iv) Summary of substantial provisions of the Trust Deed which may be of material interest to the unit holders. Units and Offer 13. Describe concisely the nature and the most significant attributes of the units being offered, including: (i) The minimum and maximum number of units on offer and refund beyond this amount shall be disclosed. (ii) The circumstances under which refund may take place and the period within which refunds must be carried out. (iii) A calendar indicating opening, closing, earliest closing, allotment and despatch of certificates. (iv) The period within which allotment and despatch of certificates will be completed and relevant regulations in this regard alongwith a statement to the effect that an advertisement will be published in a newspaper soon after completion of allotment procedure. (v) Maturity period or duration of the 25 [collective investment scheme]. (vi)The circumstances under which the 26 [collective investment scheme] shall be wound up (in accordance with regulations). (vii) Procedures to be followed for transfer and transmission of units. (viii) The rights of the unit holders including voting, calling of meetings etc. (ix) The address where the register of unit holders is or will be kept and the days on which and the hours during which the register is or will be accessible to the public. (x) The amount, if any, paid or payable as commission for subscribing or agreeing to subscribe, or procuring or agreeing to procure subscriptions for any units of the 27 [collective investment scheme], or the rate of any such commission. Also, the names of persons having control or controlling interest in or director of the Collective Investment Management Company who are entitled to receive any such commission and the amount or rate of that commission. (xi) Any amount or benefit paid or given or intended to be paid or given, to persons having control or controlling interest in or director of the Collective Investment Management Company out of the proceeds of an issue of units, and the consideration for the payment or giving of the amount or benefit. (xii) The policy regarding the valuation of any investment made or property held in relation to the 28 [collective investment scheme]. (xiii) The policy regarding distribution of income to the unit holders derived from the 29 [collective investment scheme]. 14. Outstanding Litigations, Defaults, Dues, etc . (i) All pending litigations in which the Collective Investment Management Company is involved, defaults to the financial institutions/banks and nonpayment of statutory dues by the Collective Investment Management Company shall be listed in the offer document together with the amounts involved and the present status of such litigations/defaults. (ii) The above information is required to be furnished in addition to the litigations against the Collective Investment Management Company or against any other entity whose outcome could have a materially adverse effect on the position of the 30 [collective investment scheme]. (iii)The pending proceedings initiated for economic offences against the directors of the Collective Investment Management Company, shall be disclosed separately indicating their present status. The Collective Investment Management Company shall furnish the details of the past cases in which penalties were imposed by the concerned authorities. (iv)Outstanding litigations, defaults, etc., pertaining to matters likely to affect operations and finances of the 31 [collective investment scheme] including disputed tax liabilities etc. shall be furnished in the offer document. (v) The Collective Investment Management Company shall ensure to appropriately incorporate in the offer document and as risk factor(s) information regarding pending litigations, defaults, non-payment of statutory dues and proceedings initiated for economic offences/Civil offences against the 32 [collective investment scheme]s. (vi)If any of the abovementioned litigations, etc., arise after the filing of the offer document, the facts shall be incorporated appropriately in the offer document (and as risk factors). In case there are no such cases a distinct negative statement is required to be made in this regard in the offer document. (vii) An enquiry/adjudication proceedings under the SEBI Act and the regulations made thereunder, that are in progress against the 33 [collective investment scheme] or any company associated in any capacity with the Collective Investment Management Company, trustee or any of the Directors or key personnel of the Collective Investment Management Company shall be disclosed. 15. Disclosure on investor grievances and redressal system The offer documents should disclose the arrangements or any mechanism evolved by the Collective Investment Management Company for redressal of investor grievances. By way of additional information, the company should disclose the time normally taken by it for disposal of various types of investor grievances. Also describe briefly the investor s complaints history for the last three fiscal years of existing 34 [collective investment scheme] and the redressal mechanism, thereof. The offer document should include data updated 30 days prior to the launch of the 35 [collective investment scheme] on the number of complaints received, redressed and pending with the collective investment scheme. 16. Disclosures about stock invests The disclosures regarding manner of obtaining Stockinvests, and disposal of applications accompanied by Stockinvest, Mode of drawing stockinvests, utilisation of stockinvests by third party, time period for utilisation of stockinvests by the purchasers should be incorporated at the appropriate places in the offer document in line with the prevailing instructions of RBI in this regard. Further, name of the bank through which the stockinvests shall be realised, shall be given in the offer document. Also the following paragraph shall appear at the appropriate places : Registrars to the Issue have been authorised by the trustee to sign on behalf of the trustee to realise the proceeds of the Stockinvest from the issuing bank or to affix non-allotment advice on the instrument or cancel the stockinvest of the non-allottees or partially successful allottees who have enclosed more than one stockinvest. Such cancelled Stock invest shall be sent back by the Registrars directly to the Investors. Stockinvests should be marked account payee and inscribed with the words - Collective Investment Scheme - A/c 36 [collective investment scheme]. 17. Despatch of Refund Orders The following clause should be incorporated in the offer document: The trustee shall ensure despatch of refund orders of value over ₹ 1,500 and unit certificates by Registered Post only and adequate funds for the purpose will be made available to the Registrars. 18. Interest in case of delay in despatch of allotment letters/refund orders The caption should appear under terms of the present issue and should contain the following: The trustee agrees that as far as possible allotment of units offered to the public shall be made within 30 days of the closure of the issue. The trustee further agrees that it shall pay interest @15% per annum if the allotment letters/refund orders have not been despatched to the applicants within 30 days from the date of the closure of the issue. 19. Appointment of Compliance Officer The name of Compliance Officer appointed should be mentioned in the offer document with details such as telephone number, fax number and address on which he/she would be available. The investor s attention should also be invited to contact the Compliance Officer in case of any pre-issue/post-issue related problems. 20. Promise vis- -vis performance A separate para entitled Promise v. Performance - All earlier 37 [collective investment scheme]s shall be given indicating whether all the objects mentioned in the respective offer documents relating to the earlier 38 [collective investment scheme]s launched by the Collective Investment Management Company were met and whether all projections made in the said offer documents were achieved. If not, non-achievement of objects/projections shall be brought out distinctly (shortfall/delay to be quantified). 21. Utilisation of stockinvest by third parties SI should be utilised by the purchaser(s) and the purchaser s name/name of one of the purchasers should be invariably indicated as the first applicant in the share application form. Thus, if the signature of the purchaser on the stockinvest and the signature of the first applicant on the application form does not tally, the application should be treated as having been accompanied by a third party stockinvest. 22. Utilisation of stockinvest within 10 days Stockinvests are to be used by the purchaser(s) within 10 days of issue and for the purpose. The last day for use of the SI for submitting application to the bank is indicated on the face of the SI with a notation To be used before .......... . 23. Due Diligence Certificate (i) The Collective Investment Management Company, while filing the draft offer document with the Board, shall furnish a due diligence certificate. (ii) The Collective Investment Management Company shall also:- a) certify that all amendments suggested/observations made by Board have been given effect to in the offer document; b) furnish a fresh certificate immediately before the opening of the issue that no corrective action on its part is needed; c) furnish a fresh certificate after the issue has opened but before it closes for subscription. 24. The Collective Investment Management Company shall submit with the offer document the following certificates: i. all refund orders of the previous issues were despatched within the prescribed time and in the prescribed manner; ii. all unit certificates were despatched to the allottees within the prescribed time and in the prescribed manner; and 25. Appointment of other intermediaries (i) Collective Investment Management Company should ensure that the intermediaries being appointed are registered with the Board, wherever required. The Collective Investment Management Company shall independently assess the capability and the capacity of the various intermediaries to handle the issue. (ii) Collective Investment Management Company should ensure that Bankers to the Issue are appointed in all the mandatory collection centres. (iii) Collective Investment Management Company shall ensure that Registrars to Issue registered with the Board are appointed. (iv) Registrar to an issue who is associated with the Collective Investment Management Company as a promoter or a director shall not be allowed to act as Registrar for that issue. 26. Offer document to be made public The draft offer document filed with the Board shall be made public for a period of 21 days from the date of filing the offer document with the Board. The Collective Investment Management Company shall make copies of offer document available to the public. Collective Investment Management Company can charge an appropriate sum to the person requesting for the copy. 27. Despatch of Issue Material The Collective Investment Management Company shall ensure that offer document and other issue materials are dispatched to the bankers to the issue, investors association etc. in advance. 28. No Complaints Certificate After a period of 21 days from the date the draft offer document was made public, the Collective Investment Management Company shall file a statement with SEBI: (i) giving a list of complaints received by it, (ii) a statement by it whether it is proposed to amend the draft offer document or not, and (iii) highlight those amendments. 29. Mandatory Collection Centres There should be at least 30 mandatory collection centres which should invariably include the places where stock exchanges have been established. 30. Authorised Collection agents (i) The Collective Investment Management Company s are also permitted to appoint authorised collection agents subject to necessary disclosures including the names and addresses of such agents being mentioned in the offer document. While the modalities of selection and appointment of collection agents are left to the discretion of the Collective Investment Management Company s, it should be ensured that the agents so selected are properly equipped for the purpose, both in terms of infrastructure and manpower requirements. (ii) The collection agents should be permitted to collect such applications as are accompanied by payment of application moneys paid by cheques, drafts and stockinvests. Under no circumstances they should be permitted to collect application moneys in cash. (iii)The applications so collected shall be deposited in the special unit application account with designated scheduled bank either on the same date or latest by the next working day. The application forms along with duly reconciled schedules should be forwarded to the Registrars to the Issue after realisation of cheques and after weeding out the applications in respect of cheques return cases, within a period of 2 weeks from the date of closure of the issue. (iv) The applications accompanied by stockinvests should be sent directly to the Registrars to the Issue along with the schedules within one week from the date of closure of the issue. Further, the offer documents and application forms should specifically indicate that the acknowledgement of receipt of application moneys given by the collection agents shall be valid and binding on the Collective Investment Management Company and other persons connected with the issue. (v) The investors from the places other than from the places where the mandatory collection centres and authorised collection agents are located, can forward their applications along with stockinvests to the Registrars to the Issue directly by Registered Post with Acknowledgement Due and such applications shall be dealt with by the Registrars to the Issue in the normal course. 31. Post issue Monitoring reports (a) Collective Investment Management Company shall ensure the submission of the post issue monitoring reports irrespective of the level of subscription. These reports are required to be submitted within 3 working days from the due dates. (b) 3-day post issue monitoring report The due date for this report shall be the 3rd day from the date of closure of subscription of the issue. (c) 98-day post issue monitoring report The due date for this report shall be the 98th day from the date of closure of subscription of the issue. Bankers to an issue 32. The trustee shall ensure that moneys received pursuant to the issue shall be utilised only after the minimum subscription as mentioned in the offer document has been received and a statement to that effect has been given by the Registrars to the Issue. 33. Post-issue advertisements 33.1 Collective Investment Management Company shall ensure that in all issues, advertisement giving details relating to oversubscription, basis of allotment, number, value and percentage of applications received along with stockinvest, number, value and percentage of successful allottees who have applied through stockinvest, date of completion of despatch of refund orders, date of despatch of certificates is released within 10 days from the date of completion of the various activities in at least two national dailies. 33.2 Collective Investment Management Company shall ensure that advisors/brokers or any other agencies connected with the issue do not publish any advertisement stating that issue has been oversubscribed or indicating investors response to the issue, during the period when the public issue is still open for subscription by the public. 33.3 Advertisement stating that the subscription list has been closed may beissued after the actual closure of the issue. 34. Other responsibilities 34.1 In case of delay in refund of subscription moneys/excess subscription, the Collective Investment Management Company shall ensure that the interest for the delayed period as mentioned in the offer document, is paid to the applicants. 34.2 The Collective Investment Management Company shall ensure that the despatch of refund orders/allotment letters/share certificates is done by way of registered post/certificate of posting as may be applicable. 35. Certificate Regarding Realisation of Stockinvests (i) The Collective Investment Management Company shall submit within two weeks from the date of allotment, a Certificate to the trustee certifying that the stockinvests on the basis of which allotment was finalised, have been realised. (ii) Subscription list for the 39 [collective investment scheme] shall be kept open for not more than 90 working days and this fact should be disclosed in the offer document. Retention of Oversubscription 36. The quantum of issue shall not exceed the amount specified in the offer document. However, an oversubscription to the extent of 10% of the amount mentioned is permissible for the purpose of rounding off to the nearer multiple of 100 while finalising the allotment. 37. Updation of Offer Document (i) The Collective Investment Management Company should ensure that the particulars (audited statement) contained therein should not be more than 6 months old from issue opening date. (ii) Restrictions, if any, on transfer and transmission of units. (iii) Tax treatment of Investments in vs. A detailed write-up on the various tax benefits that are available and the taxes that are charged to the unit holders in the 40 [collective investment scheme]s. 38. Basis of Allotment In each and every issue of units to the public that has been oversubscribed, the Collective Investment Management Company and the Registrar to an Issue, shall ensure that allotments are made in the following manner : (a) Proportionate allotment procedure: The allotment shall be subject to allotment in marketable lots, on a proportionate basis as explained below: (i) Applicants will be categorised according to the number of units applied for. (ii) The total number of units to be allotted to each category as a whole shall be arrived at on a proportionate basis i.e., the total number of units applied for in that category (number of applicants in the category number of units applied for) multiplied by the inverse of the oversubscription ratio as illustrated below : Total number of applicants in category of 100s - 1,500 Total number of units applied for - 1,50,000 Number of times oversubscribed - 3 Proportionate allotment to category - 1,50,000 1/3 = 50,000 Number of the units to be allotted to the successful allottees will be arrived at on a proportionate basis i.e., total number of units applied for by each applicant in that category multiplied by the inverse of the oversubscription ratio. Number of units applied for by 100 each applicant Number of times oversubscribed - 3 Proportionate allotment to each successful applicant - 100 1/3 = 33 (to be rounded off to 100) (iii) All the applications where the proportionate allotment works out to less than 100 units per applicant, the allotment shall be made as follows: *Each successful applicant shall be allotted a minimum of 100 units; and (iv) *The successful applicants out of the total applicants for that category shall be determined by drawal of lots in such a manner that the total number of units allotted in that category is equal to the number of units worked out as per (ii) above. (v) If the proportionate allotment to an applicant works out to a number that is more than 100 but is not a multiple of 100 (which is the marketable lot), the number in excess of the multiple of 100 would be rounded off to the higher multiple of 100 if that number is 50 or higher. If that number is lower than 50, it would be rounded off to the lower multiple of 100. (As an illustration, if the proportionate allotment works out to 250, the applicant would be allotted 300 units. If however the proportionate allotment works out to 240, the applicant would be allotted 200 units). All applicants in such categories would be allotted units arrived at after such rounding off. (vi) If the units allocated on a proportionate basis to any category is more than the units allotted to the applicants in that category, the balance available units for allotment shall be first adjusted against the category comprising applicants applying in number of units and thereafter the remaining, if any surplus still remains, should be adjusted to next higher category and so on till the surplus is fully used. (vii) As the process of rounding off to the nearer multiple of 100 may result in the actual allocation being higher than the units offered, it would be necessary to allow a 10% margin i.e., the final allotment may be higher upto 110% of the size of the offering. 39. The Date of the Offer Document The date of the offer document shall be reckoned to be the date when the offer document was filed with the Board. 40. Trust Deed (a) The offer date shall mention the date of, and parties to, the trust deed relating to the collective investment scheme. (b) The summary of the provisions of the trust deed and the regulation regarding the retirement, removal and replacement of trustee and Collective Investment Management Company. 41. 41 [Collective investment scheme]s and investments All offer documents shall contain : a) All offer documents shall contain the name and description and the date of commencement of operation of every other 42 [collective investment scheme] involving the issue of units to the public conducted by the Collective Investment Management Company within the 5 years immediately preceding the date of the offer document. b) A report by the Collective Investment Management Company summarising the current investment relating to the 43 [collective investment scheme] made up to a date not more than 28 days before the date of the offer document. c) A report by the auditor of the 44 [collective investment scheme], in respect of every issue of units relating to any other 45 [collective investment scheme], launched by the Collective Investment Management Company, within the five financial years immediately preceding the date of the offer document, setting out such information as sufficiently discloses the number of distribution (if any) of income to holders to units relating to a Collective Investment Scheme in each of the 5 financial years immediately preceding the date of the offer document during which those units had been in existence, the amount and each distribution and the nature and value of each of the components of the distribution. d) A report by the auditors of the 46 [collective investment scheme], setting out the profits or losses of the Collective Investment Management Company in respect of each of the 5 financial years immediately preceding the date of the offer document during which the Collective Investment Management Company was carrying on business, and the rates of dividends (if any) paid by the company in respect of each of those years, and the assets and liabilities of the Collective Investment Management Company as at the last date on which its accounts were made up being a date no more than 12 months before the date of issue of the offer document. ************* NOTES:- 1 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 2 ibid. 3 ibid. 4 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 5 ibid. 6 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 7 ibid. 8 ibid. 9 ibid. 10 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 11 ibid. 12 ibid. 13 ibid. 14 ibid. 15 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 16 ibid. 17 ibid. 18 ibid. 19 ibid. 20 ibid. 21 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 22 ibid. 23 ibid. 24 ibid. 25 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 26 ibid. 27 ibid. 28 ibid. 29 ibid. 30 ibid. 31 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 32 ibid. 33 ibid. 34 ibid. 35 ibid. 36 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 37 ibid. 38 ibid. 39 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 40 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 41 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 42 ibid. 43 ibid. 44 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014. 45 ibid. 46 ibid.