Section 21: The consideration receivable on disposal of a real estate asset is to be recognised initially at fair value. In particular, if payment for a real estate asset is deferred, the consideration received is recognized initially at the cash price equivalent. The difference between the nominal amount of the consideration and the cash price equivalent should be recognised as interest revenue over the period of credit

Q: What does Section 21 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) deal with?

Section 21 TSMFR pertains to "The consideration receivable on disposal of a real estate asset is to be recognised initially at fair value. In particular, if payment for a real estate asset is deferred, the consideration received is recognized initially at the cash price equivalent. The difference between the nominal amount of the consideration and the cash price equivalent should be recognised as interest revenue over the period of credit". It is part of the The SEBI (Mutual Funds) Regulations, 1996, a legislation enacted by the Parliament of India. Section 21 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) governs the consideration receivable on disposal of a real estate asset is to be recognised initially at fair value. In particular, if payment for a real estate asset is deferred, the consideration received is recognized initially at the cash price equivalent. The difference between the nominal amount of the consideration and the cash price equivalent should be recognised as interest revenue over the period of credit. As verified on 22 May 2026.

Q: Is Section 21 TSMFR still in force?

Yes, Section 21 of the The SEBI (Mutual Funds) Regulations, 1996 is currently in force across the Republic of India.

Q: What is धारा 21 TSMFR?

धारा 21 TSMFR is the Devanagari Hindi reference for Section 21 of the The SEBI (Mutual Funds) Regulations, 1996. Section 21 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) governs the consideration receivable on disposal of a real estate asset is to be recognised initially at fair value. In particular, if payment for a real estate asset is deferred, the consideration received is recognized initially at the cash price equivalent. The difference between the nominal amount of the consideration and the cash price equivalent should be recognised as interest revenue over the period of credit. As verified on 22 May 2026.

Q: What is Dhara 21 TSMFR?

Dhara 21 TSMFR is the Roman Hindi reference for Section 21 of the The SEBI (Mutual Funds) Regulations, 1996. "Dhara" means "Section" in Hindi. Section 21 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) governs the consideration receivable on disposal of a real estate asset is to be recognised initially at fair value. In particular, if payment for a real estate asset is deferred, the consideration received is recognized initially at the cash price equivalent. The difference between the nominal amount of the consideration and the cash price equivalent should be recognised as interest revenue over the period of credit. As verified on 22 May 2026.

Q: How to cite Section 21 of The SEBI (Mutual Funds) Regulations, 1996?

Cite as: "Section 21, The SEBI (Mutual Funds) Regulations, 1996 (TSMFR)" in legal briefs. For academic writing, use the BlueBook format: The SEBI (Mutual Funds) Regulations, 1996, 1996, § 21 (India).

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Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

[Regulation 49(3B)(6)] [Substituted by Not. No. F.No. LAD-NRO/GN/2008/03/123042, dated 16.4.2008]

INITIAL ISSUE EXPENSES

Accounting treatment with regard to initial issue expenses :-