Section 63
Winding up at direction of interest holders of an investment scheme
ActIn forceProvision 63 of 92
Section 63
(1)
The interest holders of an investment scheme may call for a meeting to consider and vote on a resolution to direct the management company to wind up the scheme.
(2)
The resolution shall be approved by at least seventy-five per centum of the interest holders of the scheme or a higher percentage as stated by the trust deed or contractual agreement.
Interest Schemes
73
Winding up in the event of accomplishment or non-accomplishment of the purpose of the scheme