Appointment of custodian

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Full Text of the Document

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....tment. (2) The trustees shall maintain oversight of the activities of the custodian in relation to the mutual fund. (3) Custodian appointed shall carry out the custodial services for the schemes of the fund for safekeeping of assets of the scheme. (4) A custodian in which fifty per cent or more of the directors represent the interest of the mutual fund sponsor or its associates shall not ....