within sixty days in order to proceed in accordance with Section 31/7; in this regard, the retiring board members shall remain in office until the successor assumes duties. The provisions of Section 12 and
the term of office. 6Upon expiration of the term of office of board members, the SEC shall propose a list of experts to the Selection Committee within sixty days in order to proceed in accordance with
the purpose of this Section, a beneficial owner of shares shall mean any person with direct or indirect power to: (1) direct or control the exercise of voting rights in a derivatives business operator
total number of voting rights of the company have issue a written notice directing the company to bring the action under the first paragraph and the company fails to proceed as directed within one month
termination of employment or old age, the fund manager or the liquidator shall proceed with the employee’s intention, providing that the registrar may prescribe the criteria and condition.” SECTION 10. The
special purpose juristic person shall be deemed to have been approved to offer for sale newly issued securities and shall be entitled to proceed with the offering of the securities for sale in accordance
management • In managing a mutual fund, the AMC must proceed with honestly and care to preserve the interests of all unitholders, using knowledge and competence as a professional. • The AMC must have a policy
proceed in accordance with Section 31/7; in this regard, the retiring board members shall remain in office until the successor assumes duties.” SECTION 6 The following provisions shall be added as (1/1) and
under this Act, it shall proceed in accordance with the first paragraph. Section 7. A fund which has been registered shall become a juristic person. 2 indicated amendment by the Provident Fund Act (No.2