Appointment of board of directors of the trustee company
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....be in accordance with these regulations and with prior approval of the Board. (2) The chairperson of the board of directors of the trustee company shall be an independent director. (3) The directors of the trustee company of a mutual fund can act as a trustee of any other trust (except mutual fund trust) only if the object of the trust is not in conflict with the object of the mutual fund. ....
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