Regulation 49OA - Private Placement - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

1 [Private Placement. 49-OA. (1) The units of an infrastructure debt fund scheme may be offered through private placement to less than fifty persons, subject to approval by the trustees and the board of the asset management company. (2) The offer made under sub-regulation (1), shall be subject to the following: (a) A placement memorandum, in the manner as specified by the Board, shall be filed by the mutual fund with the Board at least seven days prior to the launch of the scheme; and (b) the mutual fund shall pay to the Board, filing fee as specified in the Second Schedule.] ************** NOTES:- 1 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013.