Procedure and manner of winding up

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Full Text of the Document

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....ing the trustees or any other person to take steps for winding up of the scheme: Provided that a meeting of the unit holders shall not be necessary if the scheme is wound up at the end of maturity period of the scheme. (2)(a) The trustee or the person authorised under sub-regulation (1) shall dispose of the assets of the scheme concerned in the best interest of the unit holders of that schem....