Question

What is required for the distribution of assets of the AIF upon winding up?

a.

The assets are distributed according to the discretion of the trustees or Board of Directors.

b.

The assets are distributed according to the preference of investors after obtaining approval of at least 50% of the investors by value.

c.

The assets are distributed according to the preference of investors after obtaining approval of at least 75% of the investors by value.

d.

The assets are automatically distributed to the investors without any approval.

Posted under IC 89 Management Accounting

Answer: (c).The assets are distributed according to the preference of investors after obtaining approval of at least 75% of the investors by value. Explanation:The specific distribution of assets of the AIF, upon winding up, shall be made by the AIF at any time, including on winding up, as per the preference of investors, after obtaining approval of at least 75% of the investors by value of their investment in the AIF.

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Q. What is required for the distribution of assets of the AIF upon winding up?
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