https://www.taxtmi.com/acts?id=34954 Termination of the management agreement is permitted where the manager is being wound up, where unit holders pass a qualifying resolution with prior Board approval, or where the Board or trustee, after Board approval and hearing the manager, decide termination in the unit holders' interest. The trustee must appoint a registered successor manager within three months, the removed manager may remain temporarily or the trustee may act as manager, the successor is substituted into existing documents, the removed manager remains liable for prior acts, and failure to obtain a consenting manager within a further three months permits winding up of the scheme. en-us Sat, 12 Jan 2019 12:00:33 +0530 Wed, 04 Sep 2024 17:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34954 Termination of the management agreement is permitted where the manager is being wound up, where unit holders pass a qualifying resolution with prior Board approval, or where the Board or trustee, after Board approval and hearing the manager, decide termination in the unit holders' interest. The trustee must appoint a registered successor manager within three months, the removed manager may remain temporarily or the trustee may act as manager, the successor is substituted into existing documents, the removed manager remains liable for prior acts, and failure to obtain a consenting manager within a further three months permits winding up of the scheme. Act-Rules SEBI Sat, 12 Jan 2019 12:00:33 +0530 https://www.taxtmi.com/acts?id=34954