https://www.taxtmi.com/acts?id=35229 Winding up of a close-ended scheme occurs on expiry of its duration unless rolled over; a scheme must also be wound up where trustees consider an event requires it, where unit holders pass a resolution, or where the Board directs winding up. Trustees must give notice within one day to the Board and publish in two newspapers; when winding up is proposed by trustees they must obtain participating unit-holder consent by simple majority on a one-vote-per-unit basis and publish voting results, and if consent is not obtained the scheme reopens from the second business day after publication. en-us Sat, 19 Jan 2019 16:54:46 +0530 Fri, 06 Sep 2024 16:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35229 Winding up of a close-ended scheme occurs on expiry of its duration unless rolled over; a scheme must also be wound up where trustees consider an event requires it, where unit holders pass a resolution, or where the Board directs winding up. Trustees must give notice within one day to the Board and publish in two newspapers; when winding up is proposed by trustees they must obtain participating unit-holder consent by simple majority on a one-vote-per-unit basis and publish voting results, and if consent is not obtained the scheme reopens from the second business day after publication. Act-Rules SEBI Sat, 19 Jan 2019 16:54:46 +0530 https://www.taxtmi.com/acts?id=35229