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Consent of unitholders of Mutual Fund Scheme must if majority directors of trustee-Co. decide to wind up scheme: SC

July 16, 2021[2021] 128 219 (SC)

COMPANY LAW : Consent of unitholders of Mutual Fund Scheme would be necessary if majority of directors of trustee company decide to wind up a scheme; however, power conferred under Regulation 39(2)(a) to trustee to decide whether or not a scheme should be wound up is constitutionally valid

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