TERMS AND CONDITIONS :

The certificate granted should be subject to following conditions:

(a) any director of the CIMC should not be a director in any other CIMC unless such person is an independent director and approval of the Board of CIMC of which such person is an independent director, has been obtained;

(b) the CIMC should forthwith inform SEBI of any material change in the information or particulars previously furnished, which have a bearing on the certificate granted by it;

(c) appointment of a director of a CIMC should be made with the prior approval of the trustee;

(d) the CIMC should comply with provisions of the Act and these regulations;

(e) no change in the controlling interest of the CIMC shall be made without obtaining prior approval of SEBI, the trustee and the unit holders holding atleast one-half of the nominal value of the unit capital of the scheme.

(f) CIMC should take adequate steps to redress the grievances of the investors within one month from the date of receipt of the complaint from the aggrieved investor.