Regulation 23 - Regulation - TRUSTEES AND THEIR OBLIGATIONS - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Regulation 23 - Termination of the Agreement with the Collective Investment Management Company 23. (1) The agreement referred to in regulation 20 entered into by the trustee with the Collective Investment Management Company may be terminated- (a) if the Collective Investment Management Company is in the course of being wound up as per the provisions of the Companies Act, 1956; or (b) 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 terminating the agreement with the Collective Investment Management Company and the prior approval of the Board has been obtained; or (c) if in the interest of the unit holders the Board or the trustee, after obtaining prior approval of the Board, and after giving an opportunity of being heard to the Collecti

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =