Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Asset management company termination can occur by trustee, AMC request, Board direction, or 75% unit holder resolution, subject to Board approval. Appointment of an asset management company may be terminated by the trustee with majority board approval, by the asset management company on request, on directions of the Board, or by a resolution of at least seventy-five per cent of unit holders; any change in appointment, including termination and appointment of a new asset management company, requires prior approval from the Board.
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.
Asset management company termination can occur by trustee, AMC request, Board direction, or 75% unit holder resolution, subject to Board approval.
Appointment of an asset management company may be terminated by the trustee with majority board approval, by the asset management company on request, on directions of the Board, or by a resolution of at least seventy-five per cent of unit holders; any change in appointment, including termination and appointment of a new asset management company, requires prior approval from the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
