Zenith Wealth Management is a leading collective investment management company, dedicated to delivering exceptional financial services. Its focus remains on data-driven strategies and personalized solutions. In this cont

Maintaining proper books of accounts and records, etc.: Regulation 40 of the SEBI (Collective Investment Schemes) Regulations, 1999 provides that: Every Collective Investment Management Company shall: keep and maintain proper books of account, records and documents, for each collective investment scheme so as to explain its transactions and to disclose any point of time the financial position of each collective investment scheme and in particular give a true and fair view of the state of affairs of the collective investment scheme, and intimate to the SEBI and the trustees the place where such books of account, records and documents including computer records are maintained. Every Collective Investment Management Company shall continue to maintain and preserve, for a period of five years after the close of each collective investment scheme, its books of account, records, computer data and documents. Dispatch of warrants and proceeds: Regulation 42 of the SEBI (Collective Investment Schemes) Regulations, 1999 stipulates that the Collective Investment Management Company shall: Dispatch to the unit holders the warrants within 42 days of the declaration of the interim returns. Dispatch the redemption proceeds within 30 days of the closure or the winding up of the collective investment scheme.