Draft trust deed;
Draft investment management agreement; and
Draft custodian agreement
CONDENSED FINANCIAL INFORMATION
(A) INCOME STATEMENT
YEARS(1 2 3 4 5 )
(Rs.)
INCOME:
(a) Dividend
(b) Trading
(c) Management Fee
(d) Other income
Total
EXPENSES:
(a) Director's remuneration
(b) Trusteeship fees
(c) Custodian fees
(d) Registrar's fees
(e) Other expenses
Total
(a) Gross Profit
(b) Depreciation
(c) Net profit before tax
(d) Tax
(e) Profit after tax
(f) Dividends
(g) Retained earnings
(B) ASSETS AND LIABILITIES
YEARS
(1 2 3 4 5)
(Rs.)
ASSETS:
(a) Fixed Assets
(b) Gross
(c) Depreciation
(d) Net value
CURRENT ASSETS
(a) Investments*
(b) Others
(please specify)
(c) Cash and bank balances
LESS
(a) Current liabilities and
(b) Provisions
(c) Net worth
REPRESENTED BY:
(a) Issued and paid up capital
(b) Free reserves (excluding revaluation reserves)
TOTAL
*provide full particulars of investments.
FORM B
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
[Regulation 9]
Certificate of registration
I. In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), read with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 made thereunder the Board hereby grants a certificate of registration to ................... as a Mutual Fund.
II. Registration Code for the Mutual Fund is MF/.
Date...................
By order
Sd/-
For and on behalf of the Securities and Exchange Board of India
FORM C
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
[Regulation 16(1)(d)]
Trusteeship of the mutual fund
(1)
If the trusteeship of the mutual fund is with a trust company, then please furnish the following particulars
(a) the draft articles and Memorandum of Association for approval
(b) Objects of the trust company
(c) Board of Directors of the trustee company with age, experience and qualification
(d) Key personnel
(e) Systems and procedures, record maintenance, etc.
(f) Names of auditors and bankers
(2)
If the trusteeship of the mutual fund is with a debenture trustee, bank, or financial institution then please furnish the following particulars
(a) Name of the Institution
(b) Address/telephone/telex/fax Nos.
(c) Name of the contact person
(d) Background information i.e. (number of companies, trusts for which it has or has been acting as trustees, names of those companies, trusts, number of years of experience as trustees, total volume of business, trusteeship fee record for last three years, organisational infrastructure to handle trusteeship function including record maintenance, computer facilities, in case of debenture trustees also furnish the number of defaulting companies, number of cases of default in payment of interest and principal and action taken by the debenture trustees)
(3)
If the trusteeship of the mutual fund is with a board of individual trustees then please furnish the following particulars
(a) Names of the members of the Board of trustees
(b) Age, experience, qualification and profession
(c) Relationship of the members of the Board of trustees with sponsor or any associate of the sponsor
(4)
Draft trust deed The draft trust deed should inter alia provide for
(a) Responsibilities, obligations and rights of the trustees for the protection of the fund's assets.
(b) A statement that investments should be of the permitted kind and within set limits.
(c) Responsibilities, obligations and rights of the fund manager, i.e., the asset management company.
(d) Policies for investments, creation, issue and cancellation of units, pricing and redemption of units, listing of units in case of close-ended schemes, expenses of the fund including payment of fees and distribution of income and gains and accounting.
(e) Policies for disclosures of scheme objectives and investment objectives in offer documents and advertisements and annual and half-yearly reporting requirements to the investors of various schemes of the fund.
(f) Right of the trustees to obtain necessary information from asset management company besides obtaining a quarterly report from the asset management company.
(g) Right to make spot checks on the asset management company regarding pricing of units and payment into and out of the fund and proper accounting of the income of the fund and charging of expenses as permitted, distribution as permitted.
(h) Public availability of the trust deed.
(5)
Instructions for filling up the form.
(See Form A)
FORM D
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
[Regulation 19(1)]
Asset management company