Comment on the following in light of SEBI (Collective Investment Schemes) Regulations, 1999: (ii) What is the offer period for the CIS ?

As per the SEBI (Collective Investment Schemes) Regulations, 1999: A Collective Investment Scheme (CIS) shall not be open for subscription for more than fifteen days . However, the scheme may be kept open for subscription for a maximum of another fifteen days, provided the Collective Investment Management Company issues a public notice before the expiry of the initial fifteen days.