(1)
The offer document shall contain disclosures which are adequate in order to enable the investors to make informed investment decision [including the disclosure on maximum investments proposed to be made by the scheme in the listed securities of the group companies of the sponsor.] [Inserted by S.O. 32(E), dated 12.1.1998]
(2)
The Board may in the interest of investors require the asset management company to carry out such modifications in the offer document as it deems fit.
(3)
In case no modifications are suggested by the Board in the offer document within 21 days [working] [Substited by S.O. 32(E), dated 12.1.1998] days from the date of filing, the asset management company may issue the offer document.
[(4) No one shall issue any form of application for units of a mutual fund unless the form is accompanied by the memorandum containing such information as may be specified by the Board.] [Substited by S.O. 32(E), dated 12.1.1998]
(5)
[ The offer document shall contain the disclosure regarding the prior in-principle approval obtained from the recognized stock exchange(s), where units are proposed to be listed in accordance with these regulations.] [Inserted Notification No. LAD-NRO/GN/2009-10/01/159601, dated 8.4.2009.]