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Obligations of trustee of the open-end or closed-end scheme.- A trustee shall

(a) take into its custody or under its control all the property of the open-end or closed-end scheme and hold it in trust for the unit or certificate holders in accordance with the law and the provisions of the constitutive documents and the cash and registerable assets shall be registered in the name of, or to the order of, the trustee; (b) b...


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