CmaBylaw
Executive Bylaws
2-36 Ending of a Fund Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Monday, 13 February 2017
The Fund shall end in the following events: 1. End of the period specified in the Articles of Association, unless it is renewed in accordance with the rules set out in the Articles of Association. 2. End of the purpose for which the Fund is incorporated for or in the event of the impossibility of achieving its goal. 3. Damage or use of all the Fund’s Assets or most of them, so that other assets can’t be invested feasibly. 4. At the request of the Fund Manager and by virtue of an approval issued by the assembly of Unit holders owning more than 50% of the Fund’s capital has approved the winding up of the Fund before the end of its term. 5. A resolution issued by the Authority to cancel the Fund’s license. 6. A court order is issued for the winding up and liquidation of the Fund.
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