https://www.taxtmi.com/acts?id=36259 On intimation under regulation 23 a wound-up scheme must stop making further investments, liquidate assets and distribute proceeds to investors after meeting liabilities within the prescribed period; however, subject to placement memorandum or contribution/subscription agreement conditions, in-specie distribution of scheme assets may be effected, including on winding-up, in accordance with investor preference and with the required investor supermajority approval. en-us Wed, 06 Mar 2019 10:05:58 +0530 Wed, 06 Mar 2019 10:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36259 On intimation under regulation 23 a wound-up scheme must stop making further investments, liquidate assets and distribute proceeds to investors after meeting liabilities within the prescribed period; however, subject to placement memorandum or contribution/subscription agreement conditions, in-specie distribution of scheme assets may be effected, including on winding-up, in accordance with investor preference and with the required investor supermajority approval. Act-Rules SEBI Wed, 06 Mar 2019 10:05:58 +0530 https://www.taxtmi.com/acts?id=36259