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.

Examples of unit trust in a sentence

• Amendments of documents other than the Unit Trust Agreement, i.e. the Prospectus and Annex B, C and D, are not subject to prior review by the FMA, however any amendments thereto must be notified to the FMA.

• The Unitholders shall not have or acquire any rights against the UCITS and the Management Company in respect of Units save such as are expressly conferred upon them by this Unit Trust Agreement.

• Amendments of documents other than the Unit Trust Agreement, i.e. the Prospectus and Annex B, C and D, are not subject to prior review by the FMA, must, however, be notified to the FMA.

• Except to the extent expressly provided in this Unit Trust Agreement, the aggregate liability of each Unitholder towards the UCITS is generally limited to the amount, if any, unpaid on the Units held by the Unitholder.

• The Management Company shall manage the assets of the Sub-Funds in accordance with the Unit Trust Agreement within the general framework laid out in the UCITS Act and in compliance with the investment objectives, policies, restrictions, risk profiles, instruments and other guidelines (together, the “Investment Policy”) specific to each Sub-Fund as set out in Annex A.

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 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 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 a unit trust as defined in section 80; and

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 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 any scheme or arrangement in the nature of a trust in pursuance whereof members of the public are invited or permitted, as beneficiaries under the trust, to acquire an interest or undivided share (unit of investment) in one or more groups or blocks of specified securities and to participate proportionately in the income or profits derived therefrom.