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 PGF after its conversion, in lieu of the Certificates of PGF 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 Documents in accordance with the provisions of the NBFC Rules and the NBFC Regulations.
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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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Examples of Open End Scheme in a sentence

  • The corresponding share certificates of GASSFL shall be deemed to be cancelled and of no effect and the status of the Shareholders of GASSFL shall stand changed to the Unit Holders of the Open End Scheme upon issuance of the Conversion Units.

  • The Management Company shall get the Open End Scheme registered with the SECP as a Notified Entity under the Regulations and prepare and publish an Offering Document after seeking approval from the SECP.

  • End Fund to an Open End Scheme ("Scheme of Arrangement") with 0.02% dissenting vote, certified copy of the Special Resolution and true copy of the Scheme of Arrangement are annexed hereto, as Annexures "C" and "D", respectively.

  • GASSFL and The Management Company and the Trustee shall also execute such other documents and deeds, as may be required for conversion of GASSLF into an Open End Scheme.


More Definitions of Open End Scheme

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.
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Related to Open End Scheme

  • approved scheme means a share option scheme, other than a savings-related share option scheme, approved under Schedule 4.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Newco Scheme means a scheme of arrangement or analogous proceeding (a “Scheme of Arrangement”) which effects the interposition of a limited liability company or trust (“Newco”) between the Shareholders of the Issuer immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Issuer; provided that:

  • authorised scheme means Work No. 1A described in paragraph 2 of Part 1 of this licence;

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.