Money to be kept in separate account and utilisation of money

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Full Text of the Document

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....unt in the name of the 1[collective investment scheme] and shall be utilised for- (a) adjustment against allotment of units only after the trustee has received a statement from the registrars to the issue and share transfer agent regarding minimum subscription amount, as stated in the offer document, having been received from the public, or (b) for refund of money in case minimum subscription am....