Write short notes on the following: (e) Periodic and continual disclosure as general obligation of Collective Investment Management Company

Regulation 48 of the SEBI (Collective Investment Schemes) Regulations, 1999 prescribed that the Collective Investment Management Company and the trustee, shall make such disclosures or submit such documents as they may be called upon by the SEBI to make or submit. The Collective Investment Management Company on behalf of the collective investment scheme shall furnish the following periodic reports to the SEBI, namely: (a) copies of the duly audited annual statements of account including the balance sheet and the profit and loss account in respect of each collective investment scheme, once a year; (b) a copy of quarterly unaudited accounts; (c) a quarterly statement of changes in net assets for each of the collective investment schemes.