Regulation 22 - Regulation - TRUSTEES AND THEIR OBLIGATIONS - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Regulation 22 - Termination of trusteeship 22. (1) The trusteeship of a trustee shall come to an end- (a) if the trustee ceases to be trustee under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993; or (b) if the trustee is in the course of being wound up; or (c) if unit holders holding at least three-fourths of the nominal value of the unit capital of the 1[collective investment scheme] pass a resolution for removing the trustee and the Board approves such resolution; or (d) if in the interest of the unit holders, the Board, for reasons to be recorded in writing decides to remove the trustee for any violation of the Act or these regulations committed by them; or Provided that the trustee shall be afforded reasonable opportunity of hearing before action is taken under this clause; (e) if the trustee ser

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