Open End Scheme definition

Open End Scheme means a collective Investment Scheme which offers units for sale based on net asset value on continuous basis without specifying any duration for redemption and which entitles the holder of such units on demand to receive his proportionate share of the net assets of the scheme less any applicable charges on redemption or revocation.
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Open End Scheme means a scheme for issuing Class-A and Class-B Units to the Certificate Holders of PIF after its conversion, in lieu of the Certificates of PIF as a Closed End Fund, held by them, at the swap ratio mentioned in this Plan and subsequently offering and redeeming Units continuously as specified in the Restated Trust Deed and Offering Document in accordance with the provisions of the NBFC Rules and the NBFC Regulations.
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Open End Scheme means a scheme constituted by way of a trust deed that continuously offers for sale its units as specified in the Constitutive Document that entitle the holder of such units on demand to receive his proportionate share of the net assets of the scheme less any applicable charges;
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Examples of Open End Scheme in a sentence

  • Procedure and manner of Revocation of Open End Scheme.- (1) From the date of publication of the notice under sub-regulation (2) of Regulation 45A the issuance and redemption of unit shall be suspended and scheme shall cease to carry on its business, except so far as may be required for the beneficial revocation thereof.

  • Renewal of Registration.- (1) A trustee of an Open End Scheme or a Closed End Scheme shall, one month prior to the date of expiry of its registration, apply to the Commission in Form VI for renewal of its registration along with a non-refundable fee as specified in Schedule II.

  • Pricing, issue and redemption of units.- (1) Offer and redemption prices of units shall be calculated on the basis of the net assets of the Open End Scheme divided by the number of units outstanding and such prices may be adjusted by fees and charges: Provided that the amount or method of calculating such fees and charges is disclosed in the Offering Document.

  • The decision to continue the suspension, revoke or transfer the Open End Scheme to another Asset Management Company shall be supported by consent given in writing or resolution passed by unit holders representing at least three fourths in value of total outstanding units of the concerned scheme.

  • Application procedure for registration.- (1) An application for registration to act as a trustee of an Open End Scheme or Close End Scheme shall be made to the Commission in Form V along with non-refundable fee as specified in Schedule II.

  • Investment policy and diversification.- (1) An Asset Management Company shall clearly state the objectives and the investment policy of a, – (a) Closed End Scheme or Open End Scheme in the Offering Document; and (b) of an Investment Company in the prospectus.

  • Retirement or removal of trustee.- (1) A trustee may, subject to prior approval of the Commission, retire from his office on appointment of a new trustee and the retirement shall take effect at the same time as the new trustee is appointed with the approval of the Commission or from the date of assumption of assets of the Open End Scheme or Closed End Scheme by the newly appointed trustee, whichever is later.

  • The QA pathologist will review the above surgical pathology case reports.

  • In case of cancellation of registration, the Asset Management Company shall revoke the Open End Scheme or Closed End Scheme and refund the proceeds to the certificate holders or unit holders in such manner and within such time as may be specified by the Commission.

  • Where the Commission grants approval under Regulation 45(1) or cancels the registration of the Open End Scheme or orders the revocation of the Open End Scheme, all issuance and redemption of units of the Open End Scheme shall stand suspended immediately.


More Definitions of Open End Scheme

Open End Scheme means a collective Investment Scheme which offers units for sale based on net asset value on continuous basis without specifying
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Open End Scheme means an equity scheme to be constituted as a trust by the Management Company in consultation with the Directors of GASF under the name of "Golden Arrow Stock Fund" initially for taking over GASF Undertaking and issuing Units to the Shareholders of GASF in lieu of the shares held by them, at the swap ratio mentioned in this Scheme of Arrangement and subsequently offering and redeeming Units continuously as specified in the Constitutive Documents in accordance with the provisions of the NBFC Rules and the NBFC Regulations.
Sample 1

Related to Open End Scheme

  • Companies Act means the Companies Act (as amended) of the Cayman Islands.

  • Companies Law means the Companies Law (2018 Revision) of the Cayman Islands, as amended from time to time.

  • the public concerned means the public affected or likely to be affected by, or having an interest in, the environmental decision-making; for the purposes of this definition, non-governmental organizations promoting environmental protection and meeting any requirements under national law shall be deemed to have an interest.

  • ASX means ASX Limited (ACN 008 624 691);