https://www.taxtmi.com/acts?id=34968 A scheme terminates on expiry or purpose fulfilment but may be wound up earlier with trustee or unit holder resolution and Board approval; the trustee must notify the public of the winding-up circumstances, realise assets in the best interests of unit holders, apply proceeds first to liabilities and winding-up expenses, distribute the balance pro rata to unit holders, furnish a winding-up report and auditor's certificate to the Board and unit holders, and hold unclaimed money separately before transferring it to an investor protection fund as specified by the Board. en-us Sat, 12 Jan 2019 13:46:03 +0530 Wed, 04 Sep 2024 17:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34968 A scheme terminates on expiry or purpose fulfilment but may be wound up earlier with trustee or unit holder resolution and Board approval; the trustee must notify the public of the winding-up circumstances, realise assets in the best interests of unit holders, apply proceeds first to liabilities and winding-up expenses, distribute the balance pro rata to unit holders, furnish a winding-up report and auditor's certificate to the Board and unit holders, and hold unclaimed money separately before transferring it to an investor protection fund as specified by the Board. Act-Rules SEBI Sat, 12 Jan 2019 13:46:03 +0530 https://www.taxtmi.com/acts?id=34968