unit trust definition

unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.
unit trust means the ‘Administrator’ referred to in clause (a) or the ‘specified company’ referred to in clause (h) of section 2 of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 (58 of 2002);
unit trust or “Fund” or “Scheme” means the Unit Trust constituted by this Trust Deed for continuous offers for sale of Units of the Trust.

More Definitions of unit trust

unit trust means a trust established for the purpose, or having the effect of providing, for persons having funds available for investment, facilities for the participation by them as beneficiaries under the trust in any profits or income arising from the acquisition, holding, management or disposal of property.
unit trust means any arrangement whose units are not quoted, made for the purpose, or having the effect, of providing facilities for the participation by persons, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of Securities or any other property whatsoever or in respect of any such arrangement which offers more than one class of units to participating persons (each representing a separate portfolio acquiring, holding, managing or disposing as aforesaid) means each such class of units.
unit trust means a trust established by a trustee which, for valuable consideration, issues trust units in profits or gains arising from the acquisition holding, management or disposal of investments by the trustee of the trust, the proper law of which is the law of the Islands or the law of any other jurisdiction.
unit trust means an arrangement creating a trust under the laws of Belize or of any other country or jurisdiction in which unit holders participating in the arrangement are the beneficiaries of the trust.
unit trust means a unit trust as defined in section 80; and
unit trust means a registered investment scheme (other than a limited partnership) under which the property of the scheme is held in trust for the investors.
unit trust means a trust authorised under this Act as a collective investment scheme.