Mutual Fund Formation

In: Business and Management

Submitted By rafiq77
Words 9927
Pages 40
TRUST DEED

THIS DEED of TRUST is made at Dhaka on this the …… day of ………… of the Christian era.

BETWEEN

(Sponsor’s name).........., having its registered office at .......(Address).........., represented by its .......Chief Executive Officer/Managing Director..., hereinafter referred to singly, severally and collectively, as the AUTHOR or SPONSOR, which expression shall, unless it be repugnant to the subject or context or meaning thereof, include its representatives, successors-in-interest and assigns of the FIRST PART.

AND

(Trustee’s name)........., having its registered office at ...(Address)......, represented by its.....CEO/Managing Director....., hereinafter referred to as the TRUSTEE, which expression shall, unless it be repugnant to the subject context, or meaning thereof, include its representatives, successors-in-interest and assigns of the SECOND PART.

AND

WHEREAS the party of the first part is a leading institution in Bangladesh, engaged in various types of ............(activities)......., having required capabilities and adequate skills in its concerned field of activities and offices and network of branches all over Bangladesh and are qualified and capable to be the Sponsor of a mutual fund,

AND

WHEREAS the party of the second part is a leading ............... so far engaged in ..........activities and are qualified and capable to act as the Trustee of a mutual fund,

NOW, THEREFORE, with the intent to create an investment product for the benefit of the investors, and for the development of the capital markets of Bangladesh and in consideration of mutual covenants and arrangements hereinafter set forth, it is hereby mutually agreed between the parties hereto as follows:

1. OBJECTIVES TO CREATE A TRUST TO LAUNCH VARIOUS SCHEMES OF A MUTUAL FUND IN THE BANGLADESH CAPITAL MARKET WITH THE NAME AND TITLE OF…...

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