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Winding up
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....(2) A scheme of a mutual fund ^2[is to be wound up],- (a) on the happening of any event which, in the opinion of the trustees, requires the scheme to be wound up; or (b) if seventy-five per cent of the unit holders of a scheme pass a resolution that the scheme be wound up; or (c) if the Board so directs in the interest of the unitholders. ^3[(3) Where a scheme is to be wound up under s....
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....the schemes shall be reopened for business activities from the second business day after publication of results of the voting.] ************** NOTES:- 1 Words 'sub-regulation (1) or' omitted by the SEBI (Mutual Funds) (Amendment) Regulations, 1998, w.e.f. 12-1-1998. 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/70 dated 25-01-2022 before it was rea....