https://www.taxtmi.com/acts?id=35231 The regulation requires trustees to seek a simple-majority unit holder resolution to authorise winding up except at scheduled maturity. Trustees or authorised persons must dispose of assets in the best interests of unit holders, apply proceeds to liabilities and winding-up expenses, and distribute any balance pro rata to unit holders as of the winding-up decision. On completion, trustees must report to the regulator and unit holders detailing circumstances, asset disposal steps, winding-up expenses, net distributable assets and include an auditor's certificate; statutory disclosure obligations continue until winding up is complete or the scheme ceases. en-us Sat, 19 Jan 2019 16:58:27 +0530 Fri, 06 Sep 2024 16:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35231 The regulation requires trustees to seek a simple-majority unit holder resolution to authorise winding up except at scheduled maturity. Trustees or authorised persons must dispose of assets in the best interests of unit holders, apply proceeds to liabilities and winding-up expenses, and distribute any balance pro rata to unit holders as of the winding-up decision. On completion, trustees must report to the regulator and unit holders detailing circumstances, asset disposal steps, winding-up expenses, net distributable assets and include an auditor's certificate; statutory disclosure obligations continue until winding up is complete or the scheme ceases. Act-Rules SEBI Sat, 19 Jan 2019 16:58:27 +0530 https://www.taxtmi.com/acts?id=35231