Termination of the Agreement with the Collective Investment Management Company

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..... 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 Co .....

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..... nt Company till such time as new Collective Investment Management Company is appointed. (4) The Collective Investment Management Company appointed under sub-regulation (2) shall stand substituted as a party in all the documents to which the Collective Investment Management Company so removed was a party. (5) The Collective Investment Management Company so removed shall continue to be liable for al .....

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