Common use of Issue of Units Clause in Contracts

Issue of Units. 23.1 The Management Company shall be responsible for obtaining all requisite consents and approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering Documents. 23.2 Except as provided herein the Units shall be offered at the authorized offices or branches of the Distribution Company on all Dealing Days. 23.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque or bank draft, pay order, credit card etc. in favor of the Trustee and crossed “Account Payee Only” at the authorized branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company with copies supplied to the Transfer Agent, if so required by the Management Company. The Distribution Company shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units are verified to reasonable satisfaction. 23.4 Each Unit Holder(s) shall be liable to pay the Purchase (Offer) Price of the Units subscribed by him and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against receipt of full payment. 23.5 An application for purchase of Units shall be deemed to have been made in accordance with the provisions of the Offering Document, if the Account Holder / Unit Holder authorize automatic issuance of Units under certain circumstances.

Issue of Units. 23.1 26.1 The Management Company shall be responsible for obtaining all requisite consents and approvals approval for the offer and issue of Units and for the issue, publication or circulation of the Offering Documents. 23.2 26.2 Except as provided herein herein, the Units shall be offered at through the authorized offices or branches Branches of the Distribution Company Companies on all Dealing DaysSubscription Days as may be announced by the Management Company. 23.3 26.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque or bank draftpay order or Bank draft (crossed A/C payee only), pay orderor any other electronic means, credit card etc. or in such form as is prescribed by the Management Company, in favor of the Trustee and crossed “Account Payee Only” at the authorized branch Authorized Branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company with copies supplied to the Transfer Agent, if so required by the Management Companyon any Subscription Day. The Distribution Company shall verify the particulars given in the application for issuance issue of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units are is verified to their reasonable satisfaction. 23.4 26.4 Each Unit Holder(s) Holder shall only be liable to pay the Purchase (Offer) Offer Price of the Units subscribed by him and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against the receipt of full payment. 23.5 26.5 An application for purchase issuance of Units shall be deemed deem to have been made in accordance with the provisions of the Offering Document or a Supplementary Offering Document, if the Account Holder / Unit Holder authorize such documents prescribe automatic issuance of Units under certain circumstances. 26.6 The Management Company may under intimation to the Trustee and after notification to the Unit Holders make arrangements to accept issue requests through electronic or other means. 26.7 The Management Company may in its sole discretion decline any application for purchase of Units in full or part from investors, if it is in the interest of the Unit Holders or the Scheme to do so.

Issue of Units. 23.1 28.1 The Management Company shall be responsible for obtaining all requisite consents and approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering Documents. 23.2 28.2 Except as provided herein the Units shall be offered at the authorized authorised offices or branches of the Distribution Company and Management Company’s authorised sales offices on all Dealing Subscription Days. 23.3 28.3 Application for issuance of Units shall be made by completing the prescribed application form and submitting it at the authorised branch or office of any Distribution Company together with the payment by cheque or cheque, bank draft, pay order, credit card etc. as the case may be in favor favour of the Trustee and crossed “Account Payee Only” at or in cash upto the authorized branch or office of any Distribution Companyapproved limits. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company with copies supplied to the Transfer Agent, if so required by the Management Company. The Distribution Company shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units are verified to reasonable satisfactiontherewith. 23.4 28.4 Each Unit Holder(s) shall be liable to pay the Purchase (Offer) Offer Price of the Units subscribed by him together with a sum sufficient in the opinion of the Management Company to cover any Duties, Charges, levies etc payable in connection with the purchase of such Units and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against receipt of full payment. 23.5 An . [28.5]84An application for purchase of Units shall be deemed deem to have been made in accordance with the provisions of the Offering Document, if the Account Holder / Unit Holder authorize such document prescribes automatic issuance of Units under certain circumstances.. [28.6]85No Units shall be issued until full payment of the Offer Price has been received by the Trustee

Issue of Units. 23.1 24.1 The Management Company shall be responsible for obtaining all requisite consents and approvals for the offer and issue of Units and for the issue, publication or circulation of the Offering Documents. 23.2 24.2 Except as provided herein the Units shall be offered at the authorized offices or branches of the Distribution Company on all Dealing Subscription Days. 23.3 Application 24.3 1Application for issuance of Units shall be made by completing the prescribed application form and submitting it with the payment by cheque or bank draft, pay order, credit card etc. in favor favour of the Trustee and crossed “Account Payee Only” at the authorized branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the relevant Distribution Company with copies supplied to the Transfer Agent, if so required by the Management Company. The Distribution Company shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units are is verified by a banker or Broker or other responsible person or otherwise authenticated to its or their reasonable satisfaction. 23.4 24.3 1 “ Application for issuance of Units shall be made by completing the prescribed credit card etc. in favour of the Trustee and crossed “Account Payee Only” at the authorized branch or office of any Distribution Company. The application for issuance of the Units and the specimen signature of each Holder shall be retained by the Transfer Agent and shall verify the particulars given in the application for issuance of Units and the documents submitted therewith and ensure that the signature of any Holder or joint Holder to any document required to be signed by him under or in connection with the application for issue of Units. 24.4 Each Unit Holder(s) shall be liable to pay the Purchase (Offer) Price of the Units subscribed by him together with a sum sufficient in the opinion of the Management Company to cover any Duties, Charges, levies etc payable in connection with the purchase of such Units and no further liability shall be imposed on him in respect of any Units held by him. The Units shall be issued in fractions upto four decimal points, only against receipt of full payment. 23.5 24.5 The Management Company may impose processing charges for issuance of Units in such manner as it shall think fit. 24.6 An application for purchase of Units shall be deemed deem to have been made in accordance with the provisions of the Offering Document, if the Account Holder / Unit Holder authorize such document prescribes automatic issuance of Units under certain circumstances. 24.7 1The Management Company shall designate and disclose the location of its official points for acceptance of applications for issuance, redemption, conversion, etc of units in the Offering Document of the Scheme and its website. The Management Company shall receive the said applications only at such designated points. 24.8 1The Management Company shall ensure that all the designated points for acceptance of applications for issuance, redemption, conversion, etc of units of the Scheme have appropriate date and time stamping mechanism for timely acknowledgement of the said applications.