Manner of repayment and winding up

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..... al registration by the Board; or (c) having obtained provisional registration fails to comply with the provisions of regulation 71; shall wind up the existing 1[collective investment scheme]. (2) The existing Collective Investment Scheme to be wound up under sub-regulation (1) shall send an information memorandum to the investors who have subscribed to the 2[collective investment scheme]s, with .....

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..... nth from the date of the information memorandum to continue with the 6[collective investment scheme]. (7) The investors who give positive consent under sub-regulation (6), shall continue with the 7[collective investment scheme] at their risk and responsibility : Provided that if the positive consent to continue with the 8[collective investment scheme], is received from only twenty-five per cent .....

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