He reiterated that winding up of these six schemes
cheap nba Jerseys china However, a negative outcome in the voting may delay the process to liquidate assets of the scheme and payment of money to investors, the fund house said.He reiterated that winding up of these six schemes was to preserve the value of investments and return investors’ money at the earliest.An important point to note is that the payment schedule or payouts can be finalised and implemented only after the successful completion of the voting process.He, further, said trustees will also be appointing an independent advisor to assist with the liquidation of the portfolios.The fund house said its immediate focus is on getting ready for the voting process and making it as convenient and easy as possible for investors to cast vote.”Over the next few days, our trustees will send investors in the six schemes under winding up, an e mail with a “notice” related to the “Voting Process”. The notice will be sent for each scheme separately. The voting activity will be conducted separately for each of the six schemes,” Sapre said.He also tried to clear some misconceptions regarding the purpose of the voting exercise.”Some investors believe that by voting in the negative, the winding up will be reversed and that the six schemes will recommence the redemption and subscription process.
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