US-64 to come under the scrutiny of the Securities Exchange Board of India, the stockmarket regulator.
US-64, with 20m investors, has never had to declare daily the market value of its assets.
US-64 to report to the regulator, much like any other fund, before the end of the year.
US-64 does not, therefore, declare the market value of its assets each day.
US-64 starts paying the market price for units that it buys back.
US-64's troubles stemmed in part from its cosy relationship with the government.
The three grammes of copper in the 1 rupee coin (we are talking about the older style, the Jinnah on one side, Badshahi Masjid on the other, a brown colour, not the newer silvery looking coin) therefore has a refined value of 2.64 US cents.
"The crisis had little effect on us, " says 64-year-old Ratmoko, who keeps a model of a sailing ship in his office and races Harley-Davidson motorcycles.
Separately, the company is also releasing a smart power strip, which logs your energy use for various gadgets, and then sends that data to an iOS app. (An Android version is in development.) No word on how much it'll cost in the US, though in Europe it'll cost 64 euro, tax included.
ENGADGET: Fibaro home automation system comes to the US, company releases smart power strip (video)
"They have insulted us and our intelligence, " said Azzam, a 64-year-old grandmother clad in the long, black head-to-toe chador.
The Gini index, which measures inequality, has declined from 64 in 1989 to 56 in 2009 where an index of 0 means perfect equality (the US Gini index was 45 in in 2009).
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