SEBI restores validity period of observation letter for launching new fund offers

Based on consultation with stakeholders, the SEBI has decided to restore the validity period of observation letter issued by SEBI to six months for launching of New Fund Offers (NFOs). Earlier, SEBI vide. Circular SEBI/HO/IMD/DF3/CIR/P/2 dated March 23, 2020, had extended the validity period of observation letter issued by SEBI for launch of all NFOs from six months to one year from the date of SEBI letter. This circular shall come into force with immediate effect.Based on consultation with stakeholders, the SEBI has decided to restore the validity period of observation letter issued by SEBI to six months for launching of New Fund Offers (NFOs). Earlier, SEBI vide. Circular SEBI/HO/IMD/DF3/CIR/P/2 dated March 23, 2020, had extended the validity period of observation letter issued by SEBI for launch of all NFOs from six months to one year from the date of SEBI letter. This circular shall come into force with immediate effect.taxmann.com Latest Statutory HappeningsRead More

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