JLAL@LC

ANUX_[M ILDL ELDYXLD [N[ML@ KNRMI <=

Dljl 6 [ylrmd Limstm Rldlims Jlsnrndg

Dmj 6 <=<??<??22

[hjhsthr 6 MMM E

_UNGULJ [YXIM HANDNJM _HJELDGXDLD

BLAX@YL[ HANDNJM ILD

EM[DM[ XDMRHU[MYL[ DX[L KHDILDL

 ALYL _HDGLDYLU

[hgl`l pufm elgm Yucld yldg th`lc jh`mjplcald alrudml ild dmajlt elgm ujlt-Dyl. Jlal`lc mdm ilplt
thrsh`hslmald thplt plil wlatudyl.

Jlal`lc mdm imsusud udtua jhjhducm sl`lc sltu tugls jltl au`mlc _hdimimald Ldtm Anrupsm
ihdgld Fuiu` ‐ANUX_[M ILDL ELDYXLD [N[ML@ KNRMI <=‚, alrhdl threltlsdyl m`ju yldg
imjm`mam n`hc slyl jlal Jlal`lc mdm fluc ilrm altl shjpurdl, udtua mtu slrld ild armtma yldg jhjeldgud
sldglt slyl clrlpald.

Lacmrdyl slyl ehrclrlp shjngl Jlal`lc mdm ehrjldbllt acususdyl elgm slyl ild ujujdyl elgm
phjelkl.

Aupldg, <5 Ihshjehr 5?5?

_hdu`ms

ILBYLU M[M
Altl phdgldtlr…………………………………………………………. <

Ilbtlr msm………………………………………………………………... 5
ELE M hdilcu`uld……………………………………………………………. ;

L. @ltlr Eh`laldg……………………………………………………... ;
E. Uujusld Jlsl`lc………………………………………………….. ;
K. Yufuld phdu`msld…………………………………………………… ;

ELEMM _hjelclsld……………………………………………………………... 9

M. Arndn`ngm Anrupsm eldsns………………………………………………… 9

MM. Iljpla anrupsm ildl eldsns knvmi”<= elgm handnjm
Mdindhsml…………………………........................................................ 7
MMM. Cl`-cl` yldg im`lauald udtua jhjmdm`msmr anrupsm Eldsns
knvmi”<=………………………………………………………………. <?

ELE MMM _hdutup………………………………………………………………….. <9

m. Ahsmjpu`ld………………………………………………………… <9
mm. [lrld……………………………………………………………….. <8

ELE M
 _HDILCX@XLD

L. @ltlr Eh`laldg
Anrupsm lil`lc alsus phdyl`lcgudlld uldg dhglrl udtua ahphdtmdgld prmelim.
Anrupsm jhruplald phdylamt yldg jhdflim jusuc ehslr Mdindhsml mdm jlsmc ahrlp

aljeuc shmrmdg ihdgld ehrtljelcdyl "`lcld-`lcld" phdildlld elru udtua ahphdtmdgld pue`ma.
Ehehrlpl alsus anrupsm yldg jhrugmald dhglrl ehslr-ehslrld il`lj ehehrlpl tlcud
thrlacmr. [l`lc sltu alsus Anrupsm yldg shildg cldglt im phremdkldgald lil`lc alsus anrupsm yldg
im`lauald n`hc Jhdthrm [nsml` Fu`mld _ Eltuelrl yldg imthtlpald shelglm thrsldgal il`lj alsus
sulp eldtuld snsml` im Ahjhdthrmld [nsml`.
Im jhiml snsml`, alsus mdm jhdflim phrcltmld ild ahprmcltmdld alrhdl alsus mdm thralmt
iuglld anrupsm thrclilp eldtuld snsml` yldg imehrmald ahplil jlsylrlalt thriljpla pldihjm
vmrus knrndl.
Anrupsm eldsns mdm sldglt jhrugmald shal`m alrhdl shklrl tmila `ldgsudg
jhjntndg eldtuld yldg imeutucald nrldg jmsamd yldg shildg thriljpla pldihjm Knvmi-<= ild
jhdglameltald ahrugmld jlthrm` ahuldgld dhglrl yldg sldglt ehslr.
Jlsylrlalt jhrlsl slamt cltm ltls phdgacmldltld yldg im`lauald n`hc jhdthrm snsml`
thrsheut.
E. Uujusld Jlsl`lc
Ehrilslrald `ltlr eh`laldg imltls, rujusld jlsl`lcdyl shelglm ehrmaut
<. Elglmjldl arndn`ngm ilrm anrupsm ildl eldsns knvmi”<=>

5. Lpl iljpla anrupsm ildl eldsns knvmi”<= elgm handnjm Mdindhsml>

;. Lpl slfl cl`-cl` yldg ilplt im`lauald udtua jhjmdmjl`msmr anrupsm>
K. Yufuld _hdu`msld
<. udtua jhdghtlcum shklrl fh`ls arndn`ngm alsus anrupsm eldsns knvmi”<=
5. udtua jhdghtlcum iljpla anrupsm ildl eldsns knvmi”<= elgm handnjm Mdindhsml
;. udtua jhdghtlcum cl`-cl` yldg ilplt im`lauald udtua jhjmdmjl`msmr anrupsm

ELE
MM
 _HJELCL[LD

M. Arndn`ngm Anrupsm ildl Eldsns Knvmi”<=

Alsus iuglld anrupsm yldg jhdfhrlt Jhdsns Fu`mlrm Eltuelrl mdm ehrju`l ilrm phdglilld
eldsns Knvmi-<= ehrupl plaht shjelan im Ahjhdsns ihdgld dm`lm shamtlr Up
8,= trm`mud udtua tntl` 575 andtrla. Andtrla mdm im`lasldlald ihdgld iul phrmnih. Jhdthrm
Fu`mlrm imsheut jhdhrmjl bhh ilrm tmlp-tmlp plaht eldsns thrsheut. Bhh yldg imthrmjl
shehslr Up <? rmeu phr plaht shjelan shdm`lm Up ;?? rmeu.
_lil ph`lasldlld plaht eldsns shjelan phrmnih phrtljl, jhdthrm Fu`mlrm imiugl
th`lc jhdhrmjl bhh shehslr Up 3,5 jm`mlr ilrm tntl` uldg Up <5 jm`mlr yldg imthrmjl n`hc
Jltchus. Xldg udtua jhdthrm Fu`mlrm imehrmald Jltchus ( A) jh`l`um Lim Wlcyndn.
_hjehrmld uldg thrsheut imah`n`l n`hc shshnrldg ehrdljl Han ild [ch`vy D
sh`lau sharhtlrms im Ahjhdsns yldg fugl nrldg ahphrklylld Fu`mlrm. Xldg mtu imgudlald

udtua jhjelylr ehrelglm ahphr`uld prmelim Fu`mlrm.

[hjhdtlrl udtua phrmnih ahiul ph`lasldlld plaht eldsns mdm thraujpu` bhh ilrm Natnehr
5?5? sljplm ihdgld Ihshjehr 5?5? shamtlr Up 3,3 jm`mr. ]ldg imiugl lald imphrgudlald udtua
ahphr`uld Fu`mlrm.
Cmdggl amdm Anrupsm yldg im`lauald n`hc Jhdthrm [nsml` Fu`mld _ Eltuelrl imthtlpald shelglm

thrsldgal il`lj alsus sulp eldtuld snsml` im Ahjhdthrmld [nsml` yldg jh`lauald tmdila
pmildl sulp shdm`lm Up<7 jm`mlr.

MM. Iljpla anrupsm ildl eldsns knvmi”<= elgm handnjm Mdindhsml.

Im jlsl pldihjm shalrldg mdm, eldtuld snsml` jhruplald sl`lc sltu ehdtua tldggudg
flwle phjhrmdtlcld ahplil jlsylrlalt udtua jhjehelsald ilrm armsms. Lpl`lgm shfla wlelc
vmrus knrndl, eldyla nrldg clrus ahcm`ldgld jltl phdklclrmld ltlu phahrfllddyl shrtl handnjm
jh`hjlc. [hcmdggl ahjmsamdld ltlu ah`lplrld jhdflim ahaclwltmrld shelgmld jlsylrlalt. Mtu
sheledyl, dhglrl jhjutusald udtua jhjeult prngrlj eldsns ltlu eldtuld snsml`. Dljud thrilplt naduj-
naduj yldg ehruslcl jhdgljem` ahudtudgld ilrm eldsns udtua jhjphralyl imrm shdimrm.
 Anrupsm yldg im`lauald n`hc Jhdthrm [nsml` Fu`mld _ Eltuelrl imthtlpald shelglm

thrsldgal il`lj alsus sulp eldtuld snsml` im Ahjhdthrmld [nsml` yldg jh`lauald tmdila pmildl sulp
shdm`lm Up<7 jm`mlr.
Im jhiml snsml`, alsus mdm jhdflim phrcltmld ild ahprmcltmdld alrhdl alsus mdm thralmt
iuglld anrupsm thrclilp eldtuld snsml` yldg imehrmald ahplil jlsylrlalt thriljpla pldihjm
vmrus knrndl.
Anrupsm eldsns mdm sldglt jhrugmald shal`m alrhdl shklrl tmila `ldgsudg
jhjntndg eldtuld yldg imeutucald nrldg jmsamd yldg shildg thriljpla pldihjm Knvmi-<= ild
jhdglameltald ahrugmld jlthrm` ahuldgld dhglrl yldg sldglt ehslr.
Jlsylrlalt jhdgudgalpald elcwl sh`ljl ehehrlpl eu`ld eh`laldgld mdm, msm plaht eldsns
yldg jhrhal thrmjl tla sljl il`lj tmlp phdyl`urld. Yla cldyl mtu, jhrhal fugl jhdyheut prniua-prniua
il`lj plaht eldsns mtu tmila bljm`mlr ild flrldg imfujplm im wlrudg shjelan.

Ehehrlpl eu`ld mdm, jhrhal jhdglau cldyl jhdilpltald plaht shjelan <?
am`ngrlj ehrls, jmdyla iul `mthr, iul al`hdg slrihd ahkm`, sltu tnp`hs emsaumt, ild susu eueua
slkcht. Elcald emskumt yldg jhrhal thrmjl suilc cldkur ild tmila `lyla andsujsm sh`lmd mtu ehrls
yldg jhrhal thrmjl suilc audmdg ild autuld.
Jlsylrlalt jhrlsl slamt cltm ltls phdgacmldltld yldg im`lauald n`hc jhdthrm Anrupsm
yldg im`lauald Jhdthrm [nsml` Fu`mld _ Eltuelrl th`lc jhdglameltald ahrugmld jlthrm` ahuldgld
dhglrl yldg sldglt ehslr, jhdflim phdgcljelt phrtujeucld handnjm dhglrl shrtl anrupsm jhdflim ahdil`l
elgm prngrlj-prngrlj phjeldgudld alrhdl thrflim phdgl`mcld sujehr ilyl udtua ahphdtmdgld
shgh`mdtmr nrldg.
Yhrahdil`ldyl prngrlj phjeldgudld thrsheut fugl ehrlamelt ahplil `ljeltdyl prngrlj udtua
jhdghdtlsald ahjmsamdld. [hcmdggl ahtmjpldgld jhdflim shjlamd jh`helr.
MMM. Cl`-cl` yldg ilplt im`lauald udtua jhjmdmjl`msmr anrupsm
l. Jh`lauald phjemdlld phrm`lau ldtm anrupsm ahplil sh`uruc h`hjhd `hjelgl ild ahjhdthrmld.
Uhbnrjlsm emrnarlsm suilc wlatudyl im`lasldlald n`hc `hjelgl ild ahjhdthrmld shcmdggl
lspha jhdtl` emrnarlt thrcmdilr ilrm phrm`lau anruptmb.
e. [msthj ldgglrld ihdgld jhdggudlald h-euighttmdg shphrtmdyl phr`u
immjp`hjhdtlsmald im sh`uruc ilhrlc. [msthj thrsheut imdm`lm ilplt jhdmjeu`ald iljpla
pnsmtmb trldsplrldsm phjhrmdtlcld. [h`lmd jljpu jhdmdgaltald ahphrklylld (trust)
pue`ma ahplil phjhrmdtlc, h-euighttmdg fugl ldil` imgudlald jhdgh`n`l ldgglrld yldg `hemc
elma.
k. Jhjutus rldtlm ph`lyldld pue`ma. Uldtlm ph`lyldld pue`ma yldg thr`l`u pldfldg sh`ljl
mdm jhdmjeu`ald judku`dyl lasm pudgut `mlr, jmsl`ald ihdgld mdthgrlsm ph`lyldld
pue`ma. Ihdgld jh`lauald phjutusld l`ur ph`lyldld pue`ma, sh`lmd ilplt jhjuilcald,
anrupsm pudgutld `mlr imclrlpald ilplt imjmdmjl`msmr.

i. Jhdkmptlald ma`mj mdvhstlsm yldg ljld elgm mdvhstnr. [hele, lplem`l ma`mj
mdvhstlsm tmila dyljld, shimamt eldyla lald jhjhdglrucm ahphrklylld mdvhstnr
udtua jhdldljald jnil`dyl. Eh`uj `lgm, su`mtdyl prnshiur ehrmdvhstlsm
jhdmjeu`ald ahrugmld mdvhstlsm, alrhdl jhrhal clrus jhdggh`ndtnrald shfuj`lc uldg.
 ELE
MMM

_HDXYX_

m. Ahsmjpu`ld

Anrupsm yldg im`lauald n`hc Jhdthrm [nsml` Fu`mld _ Eltuelrl imthtlpald shelglm
thrsldgal il`lj alsus sulp eldtuld snsml` im Ahjhdthrmld [nsml` yldg jh`lauald tmdila
pmildl sulp shdm`lm Up<7 jm`mlr. Anrupsm eldsns mdm sldglt jhrugmald shal`m alrhdl
shklrl tmila `ldgsudg jhjntndg eldtuld yldg imeutucald nrldg jmsamd yldg shildg thriljpla
pldihjm Knvmi-<=. Jlsylrlalt jhrlsl slamt cltm ltls phdgacmldltld ehrupl anrupsm eldsns im al`l
pldihjm shphrtm shalrldg mdm.
anrupsm mdm ilplt jhdgcljelt phrtujeucld handnjm im Mdindhsml shrtl anrupsm jhdflim
ahdil`l elgm prngrlj-prngrlj phjeldgudld alrhdl thrflim phdgl`mcld sujehr ilyl udtua ahphdtmdgld
shgh`mdtmr nrldg. Yhrahdil`ldyl prngrlj phjeldgudld thrsheut fugl ehrlamelt ahplil `ljeltdyl
prngrlj udtua jhdghdtlsald ahjmsamdld. [hcmdggl ahtmjpldgld jhdflim shjlamd jh`helr.
Lildyl anrupsm jhdurudald prniuatmvmtls ild phrtujeucld handnjm,
jhdglameltald ahcm`ldgld phdilpltld dhglrl shrtl jh`hjlcald sh`uruc shdim-shdim phrhandnjmld
eldgsl.
mm. [lrld
[malp udtua jhdgmdilrm anrupsm shclrusdyl imtldljald shfla imdm. Anrupsm
thrkmptl alrhdl rhdilcdyl aul`mtls sujehr ilyl jldusml. Aul`mtls thrsheut euald cldyl ilrm shgm
phdghtlculd ltlu mdth`hatul`dyl thtlpm fugl jhdyldgaut aul`mtls jnrl` ild
ahprmelimlddyl. Ulpucdyl jnrl` ild rhdilcdyl tmdgalt ahfufurld ilrm lplrlt
phdyh`hdgglrl dhglrl jhdyheleald thrflimdyl anrupsm.
Jhdldljald jnrl` yldg elma il`lj prmelim jlsmdg-jlsmdg lglr thrkmptl andimsm
`mdgaudgld snsml` jlsylrlalt yldg sldglt jhdn`la, jhdhdtldg, ild jhdgcuauj phreultld
anrupsm ild lald jhdhrmjl, jhdiuaudg, ild jhdgclrglm phrm`lau ldtm anrupsm.