EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
Trust deed requirements: mandatory Fourth Schedule clauses and prohibition on limiting management or trustee liability for negligence. Trust deeds must include the Fourth Schedule clauses and other provisions to safeguard unit holders; they must not limit or extinguish the obligations or ... Summary
Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
Trust deed requirements: mandatory Fourth Schedule clauses and prohibition on limiting management or trustee liability for negligence.
Trust deeds must include the Fourth Schedule clauses and other provisions to safeguard unit holders; they must not limit or extinguish the obligations or liabilities of the Collective Investment Management Company nor indemnify the trustee or the Collective Investment Management Company for loss or damage to unit holders caused by negligence or acts of commission or omission.
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