Sec 372A
This query is : Resolved
30 January 2009
As per Securities Contract (Regulations) Act 1956, Definition of Securities covers Mutual Fund..
Is Mutual Fund a security for complying the provisions of Sec 372A???
Is Mutual Fund a security for complying the provisions of Sec 372A???
CA. B.SRINIVASULU
(Expert)
31 January 2009
Yes mutual fund investments are considered as securities and we have to comply with the provisions of section 372 A
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