Section 22

The appointment of a trustee by the management company shall be subject to the approval of the Registrar.

In granting his approval under subsection (2), the Registrar may, having regard to the nature of the contract, arrangement,

Interest Schemes

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undertaking or enterprise, to which a trust deed or contractual agreement relates, impose on the trustee such terms and conditions as he thinks fit.

Eligibility for appointment as trustees