Winding up of mutual fund schemes

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Full Text of the Document

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....unless the scheme is rolled over for a further period as specified under sub-regulation (4) of regulation 30. (2) A scheme of a mutual fund, including a close ended scheme proposed to be wound up before the expiry of its fixed duration, shall be wound up: (a) on the occurrence of any event which, in the opinion of the trustees, requires the scheme to be wound up; (b) if sevent....