Standing Order No. 318/2010 of the Finance Department, Government of Tamil Nadu dated 12th August, 2010 on the management of a mutual fund [C1J-7QT]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 12 August 2010; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Jurisdiction: Tamil Nadu [IN-TN]. Made by the Finance Department, Government of Tamil Nadu.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Standing Order No. 318/2010 of the Finance Department, Government of Tamil Nadu dated 12th August, 2010 on the management of a mutual fund, Standing Order No. 318/2010, 12th August, 2010 [C1J-7QT]. Machine: C1J-7QT.

Standing Order No. 318/2010

GOVERNMENT OF TAMIL NADU

Finance Department, Government of Tamil Nadu

Chennai, dated the 12th August, 2010

STANDING ORDER

All Compliance Officers,

Subject: The management of a mutual fund by mutual funds under the Tamil Nadu Protection of Interests of Depositors Act, 1997, regarding.

In exercise of the powers conferred by section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997), the Finance Department, Government of Tamil Nadu hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the management of a mutual fund by mutual funds.

2. The matter has been examined. Every mutual fund carrying on the management of a mutual fund shall make an application in Form F to the Government of Tamil Nadu within seven days, accompanied by a fee of five thousand rupees.

3. The Compliance Officer shall ensure that client agreement is dealt with as directed above, and shall report compliance to the Government of Tamil Nadu within seven days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Finance Department, Government of Tamil Nadu.

(Secretary to Government)

Made under

Recital: "In exercise of the powers conferred by section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997), the Finance Department, Government of Tamil Nadu hereby issues the following Standing Order for the guidance of all officers subordinate to it:". Names section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997) [S2K-5AV]. Vires verified.

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