Transferability of Mutual Fund units

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..... lity of Mutual Fund units 1. Regulation 37(1) of SEBI (Mutual Fund) Regulations, 1996 states that a unit unless otherwise restricted or prohibited under the scheme, shall be freely transferable by act of parties or by operation of law. The spirit and intention of this regulation is not to prohibit transferability of units as a general rule or practice. However, it is noticed that mutual fund .....

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..... egulations, 1996 to protect the interests of Investors in securities and to promote the development of and to regulate the securities market. Yours faithfully, S.Ravindran Chief General Manager Tel no. 022-26449340 [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxman .....

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