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TMI BlogOmittedX X X X Extracts X X X X X X X X Extracts X X X X ..... 2 substituted for Initial Expenses by the SEBI (Mutual Funds) (Second Amendment) Regulations, 2006 w.e.f. 22-5-2006. 3 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 1998 w.e.f. 12-1-1998. 4 Inserted ibid. 5 Inserted ibid.. 6 Inserted ibid. 7 Substituted by the SEBI (Mutual Funds) (Amendment) Regulations, 2008, w.e.f. 16-4-2008. Prior to its substitution, clause (b) read as under; ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w.e.f. 16-4-2008. Prior to its substitution, clause (d) read as under; (d) In case of closed-ended *[***] floated on a load basis, the unamortised portion of the expenses shall be included in the calculation of the NAV. However, such portion shall not be included in the NAV for the purposes of determining the asset management company s investment management and advisory fees or for determining th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as TENTH SCHEDULE Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 1 [[Regulation 49(3B)(b)]] 2 [Amortisation of Initial Issue Expenses for close ended schemes] Accounting treatment with regard to initial issue expenses :- (a) Asset management compan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement Company 6 [, trustee company or sponsor]. (b) 7 [For a close-ended scheme floated on a load basis prior to commencement of the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2008, the initial issue expenses shall be amortised on a weekly basis over the period of the scheme: Provided that in case such schemes provide for partial redemption during the life of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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