Section 17

the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017Central Regulations · 1992

(1) The trust deed shall contain such clauses as are specified in theFourth Schedule and such other clauses as are necessary for safeguardingthe interests of the unit holders.

(2) No trust deed shall contain a clause which has the effect of—

(i) limiting or extinguishing the obligations and liabilities of theCollective Investment Management Company in relation to any 37 [collective investment scheme] or the unit holders; or

(ii) indemnifying the trustee or the Collective InvestmentManagement Company for loss or damage caused to the unitholders by their acts of negligence or acts of commissions oromissions.

Eligibility for appointment as trustee

Where this provision sits

Act	the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017
Section	17
Jurisdiction	Central
Status	In force as published by the source

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