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
For the avoidance of doubt, orders for Unit Trust shall only be accepted by the Bank when payment in respect of the order has been received in cleared and available funds and such orders are confirmed by the Bank and/or the relevant Issuer.
Any notice, demand, direction or instruction to be given to the Trustee shall be in writing and shall be duly given if delivered to the unit investment trust division office of the Trustee at 200 Xxxxxxxxx Xxxxxx, 00X Xxxxx, Xxx Xxxx, XX 00000, Attention: Unit Trust Division, or to such other address as shall be specified by the Trustee to the other parties in writing.
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 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 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 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.