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NISM Series V-A
Mutual Fund Distributor · 2,000+ questions
NISM Series VII
Securities Operations
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Investment Adviser Level 1
IC-38 Insurance
Insurance Agent Certification
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Sample Test 1
Chapters 1–4 · Investment Landscape & Fund Structure
Question 1 of 20
Chapter 3 - Legal Structure of Mutual Funds in India
What must happen to a mutual fund scheme before it can be formally wound up?
A
SEBI must auction the scheme's assets publicly
B
The trustees must publish a notice, allow unit holders to exit, liquidate assets, pay all liabilities, and distribute proceeds before making a final report to SEBI
C
Unit holders must vote by a simple majority to approve the winding up
D
The AMC must find a buyer for all scheme assets before proceeding
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