Restriction on payment of brokerage/commission on prospective basis and only in case of sponsor investments'

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..... SECURITIES AND EXCHANGE BOARD OF INDIA Mittal Court, B Wing, First Floor, 224, Nariman Point, Mumbai 400 021 MFD/CIR No.5 /153/2001 May 24, 2001 .....

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..... entation, it has been decided that the restriction on payment of brokerage / commission to agents / distributors or otherwise shall be applicable prospectively, effective from April 30, 2001 i.e., the .....

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