Contents of the trust deed

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....ons of this regulations. (2) The trust deed shall mention trusteeship fee, if any, payable to trustees. (3) The trust deed shall mention minimum number of trustees as four and that the removal of trustees would be subject to prior approval of the Board. (4) Trust deed shall mention that amendment to the trust deed shall be carried out: (a) with the prior approval of the Board; an....

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....gement of mutual fund schemes by asset management companies and compliances with this regulation but shall mandate minimum of one meeting of trustees in every quarter and at least four such meetings in every financial year. (8) The trust deed shall specify that the unitholders would have beneficial interest in the trust property to the extent of individual holding in respective schemes only. ....

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....their control all the property of the schemes of the mutual fund and hold it in trust for the unitholders. (c) The trustees shall be responsible to provide or cause to provide information to unitholders and Board as may be specified by the Board. (d) The trustees shall be responsible to supervise the collection of any income due to be paid to the scheme and for claiming any repay....