company may invest in or holding the investment units of any other mutual fund which is managed by the same securities company only when it is clearly specified in the approved mutual fund project and the
remuneration by any methods, and called by any name, but excluding the overtime payment, the payment for work on holidays, and money or other benefits withheld or additionally paid by the employer to the
of whatever name excluding bills, divided into units, each with equal value and a predetermined rate of return, issued by any company to a lender or purchaser, representing the right of the holder of
instruments as specified by the SEC. "bill" means any bill issued for raising funds from the public as specified in the notification of the SEC. "debenture" means any debt instrument of whatever name excluding
beneficiary or other beneficiaries. 4 SECTION 14 A trust instrument without the following particulars and statements shall be void: (1) names of a settlor and a trustee; (2) beneficiary identifiable by name
and a trustee; (2) beneficiary identifiable by name, qualification or any character that specifies beneficiaries of trust; (3) objectives of trust; (4) property constituting trust property. SECTION 15
statements shall be void: (1) names of a settlor and a trustee; (2) beneficiary identifiable by name, qualification or any character that specifies beneficiaries of trust; (3) objectives of trust; (4) property
provision: “(5) borrowing in the name of the mutual fund or creating any encumbrances on the assets of the mutual fund, except entering into derivative or engaging in the transaction in accordance with the
conduct the purchase or sale of listed securities outside the Securities Exchange, regardless of whether it is acting as a broker, agent or in its own name, unless such member obtains a permission from the