Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Regulation 39: Conditions for Winding Up Mutual Fund Schemes, Including Trustee Decisions and Unit Holders' Consent Requirements.</h1> Regulation 39 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 outlines the conditions for winding up mutual fund schemes. A close-ended scheme is wound up upon its expiry unless extended. A mutual fund scheme is wound up if trustees deem it necessary, if 75% of unit holders resolve so, or if directed by the Board. Upon deciding to wind up, trustees must notify the Board and publish the notice in newspapers. If winding up is based on trustees' decision, unit holders' majority consent is required; failing which, the scheme reopens for business.
TaxTMI 
TaxTMI 
