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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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