Closed End Scheme definition

Closed End Scheme means a scheme constituted by way of trust to raise funds through issue of certificates to the public for investing in securities including money market instruments for a definite or indefinite period but which does not continuously offer certificates entitling the holder of such certificates, to receive, on demand, his proportionate share of the net assets of the closed-end scheme;
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Closed End Scheme means JS Growth Fund, prior to its Conversion into an open-end scheme on the Effective Date.
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Closed End Scheme means the closed end scheme as defined under Rule 2 (x) of the Rules.
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Examples of Closed End Scheme in a sentence

  • Renewal of Registration.- (1) A trustee of an Open End Scheme or a Closed End Scheme shall, one month prior to the date of expiry of its registration, apply to the Commission in Form VI for renewal of its registration along with a non-refundable fee as specified in Schedule II.

  • Investment policy and diversification.- (1) An Asset Management Company shall clearly state the objectives and the investment policy of a, – (a) Closed End Scheme or Open End Scheme in the Offering Document; and (b) of an Investment Company in the prospectus.

  • Retirement or removal of trustee.- (1) A trustee may, subject to prior approval of the Commission, retire from his office on appointment of a new trustee and the retirement shall take effect at the same time as the new trustee is appointed with the approval of the Commission or from the date of assumption of assets of the Open End Scheme or Closed End Scheme by the newly appointed trustee, whichever is later.

  • In case of cancellation of registration, the Asset Management Company shall revoke the Open End Scheme or Closed End Scheme and refund the proceeds to the certificate holders or unit holders in such manner and within such time as may be specified by the Commission.

  • At the end of the notice period given under Regulation 45(1), the Commission may by an order in writing cancel the registration of the Open End Scheme or Closed End Scheme.

  • Registration of Open End Scheme or Closed End Scheme.- (1) No units or certificates of an Open End Scheme or Closed End Scheme shall be offered to the public unless the scheme is registered as a Notified Entity with the Commission.

  • Name, registered address and place and date of creation of the Closed End Scheme, with an indication of its duration if limited.

  • The directors of the Closed End Scheme or the Asset Management Company are obliged to disclose any information which may be necessary for investors to make an informed judgment.

  • A list of the obligations of the trustee in accordance with Regulations and any additional obligations depending upon the nature of the Closed End Scheme.

  • It is delivered through the European Structural and Investment (ESI) funds, which provide financial and technical support to European countries and regions through so-called Operational Programmes managed by designated Managing Authorities at national or regional level.

Related to Closed End Scheme

  • Closed-end Fund means a registered investment company that raises capital only once, by issuing a fixed number of shares. The shares of the closed-end fund are typically traded on an exchange and their prices fluctuate throughout the trading day, based on supply, demand, and the changing values of their underlying holdings. Closed-end funds are also known as Listed Investment Companies in Australia, and Investment Trusts in the U.K. Closed-end funds do not include funds typically known as “Exchange-Traded Funds” (“ETFs”) organized as open-end investment companies or unit investment trusts.

  • 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;

  • Closed-End Funds has the meaning set forth in Section 2.1(b).

  • Post-closure plan means a plan indicating the actions to be taken for the care, maintenance, and monitoring of the Development after closure, that will prevent, mitigate, or minimize the threat to public health and the environment;

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Closed-end credit means a credit transaction that does not meet the definition of open-end credit.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • Closed Session means a meeting or part of a meeting of a public body that is closed to the public.

  • Exempt Newco Scheme means a Newco Scheme where, immediately after completion of the relevant Scheme of Arrangement, the ordinary shares or units or equivalent of Newco (or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco) are (i) admitted to trading on the Relevant Stock Exchange or (ii) admitted to listing on such other Regulated Market as the Issuer or Newco may determine;

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

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • Company Acquisition Agreement has the meaning set forth in Section 5.04(a).

  • Disclosed Matters means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06.

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Pre-Closing Environmental Liabilities means (i) any violation of Environmental Law arising in connection with the ownership or operation of the Properties prior to the Effective Time, (ii) any Release of Hazardous Substances onto or from the Properties prior to the Effective Time or relating to or arising from any activities conducted on such properties or from operation of such assets prior to the Effective Time and (iii) any claim, action, cause of action, inquiry, investigation, remediation, removal or restoration with respect to the matters set forth in subsection (i) or (ii) above

  • Complete application means a document prepared in

  • Disclosure Letter means the disclosure letter dated the date of this Agreement and delivered by the Vendor to the Purchaser with this Agreement.

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the Shareholders. Such term does not include:

  • Necessary preconstruction approvals or permits means those permits or approvals required under federal air quality control laws and regulations and those air quality control laws and regulations which are part of the applicable State Implementation Plan.

  • Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).

  • Acquisition Agreement as defined in the recitals hereto.

  • Disclosure Letters means the Seller Disclosure Letter and the Buyer Disclosure Letter.