TMI BlogAmendment of section 9A.X X X X Extracts X X X X X X X X Extracts X X X X ..... ligible fund manager during the first three years of operation of the fund, not exceeding twenty-five crore rupees, shall not be taken into account; ; (b) in clause (j), in the first proviso, for the words six months from the last day of the month of its establishment or incorporation, or at the end of such previous year, whichever is later , the words twelve months from the last day of the month ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ars of operation of the fund, not exceeding twenty-five crore rupees, shall not be taken into account. Clause (j) of said sub-section provides that the monthly average of the corpus of the fund shall not be less than one hundred crore rupees. First proviso to said clause further provides that where the fund has been established or incorporated in the previous year, the corpus of fund shall not be ..... X X X X Extracts X X X X X X X X Extracts X X X X
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