Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual fund lite must be constituted as a trust with its deed registered under the Registration Act. Regulation 60 requires a mutual fund lite to be constituted as a trust and its instrument to be a deed in the form specified by the Board, duly registered under the Registration Act and executed by the mutual fund lite asset management company in favour of the named trustees.
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.
Mutual fund lite must be constituted as a trust with its deed registered under the Registration Act.
Regulation 60 requires a mutual fund lite to be constituted as a trust and its instrument to be a deed in the form specified by the Board, duly registered under the Registration Act and executed by the mutual fund lite asset management company in favour of the named trustees.
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