Uti Mutual Fund Empanelment Online Form PDF Details

The journey to becoming a UTI Mutual Fund Distributor begins with the comprehensive UTI Mutual Fund Empanelment Form offered by UTI Asset Management Company Limited. Situated in the bustling financial hub of Mumbai, UTI AMC extends an invite to individuals and entities keen on canvassing and distributing its mutual fund schemes. This empanelment form serves as the first step towards a collaborative partnership, encompassing personal details, regulatory compliances, banking particulars, and nomination mandates exclusively for individuals and sole proprietorships. Significantly, the form distinguishes applicants based on their status - ranging from individuals to various forms of business entities, including partnerships and companies - and places a strong emphasis on regulatory compliance, ensuring applicants are duly authorized and fit to promote UTI’s mutual fund products. Educational qualifications, details about penalties or disciplinary actions by regulatory bodies, and prior engagements with UTI AMC or other mutual funds are meticulously gathered to uphold the integrity of the empanelment process. The document also lays out the terms and conditions governing the distributorship, encapsulating obligations, rights, brokerage payments, and operational guidelines, highlighting UTI AMC's commitment to transparency and ethical dealings. This introduction serves as a vital gateway for prospective distributors, underpinning the mutual expectations and shared responsibilities that pave the way towards fostering a thriving financial ecosystem.

QuestionAnswer
Form NameUti Mutual Fund Empanelment Online Form
Form Length10 pages
Fillable?No
Fillable fields0
Avg. time to fill out2 min 30 sec
Other namesuti empanelment online, uti mutual fund empanelment online, axis mutual fund empanelment online, uti empanelment

Form Preview Example

UTI Asset Management Company Limited. (UTI AMC) Regd. Ofice: UTI Tower, ‘Gn’ Block,

Bandra Kurla Complex, Bandra (East),

Mumbai -400 051,

Tel: 022-6678 6666 (Board), Fax : 022-2652 4921 Website :www.utimf.com

Please paste a recent Passport size Photograph

(For Individual & Sole Proprietorship Only)

DISTRIBUTOR EMPANELMENT FORM

APPLICANT’S PERSONAL DETAILS:

NAME: (Mr./Ms./M/s.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Block Letters as in ARN/AMFI certiicate of registration)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS:Village/Flat/Bldg./Plot

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street/Road/Area/Post

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City/Town

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State

 

 

 

 

 

 

 

 

 

 

 

PIN

 

 

 

 

 

 

 

 

 

 

 

 

Telephone(O)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(R)

 

 

 

 

 

 

 

 

 

 

 

Mobile

 

 

 

 

 

 

 

 

 

 

 

Fax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E-mail(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E-mail (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

STATUS (Please tick anyone):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individual

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-Individuals

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Individual Sole Proprietorship

 

 

 

 

 

 

 

 

Partnership Firm

 

NBFC

 

 

Private Limited Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Public Limited Company. Trust/Society

 

 

Others

Date of Birth:

 

 

d

 

d

 

m

 

m

 

y

 

y

 

y

 

y

 

Date of formation/ incorporation/Registration

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Educational Qualiication:

 

 

 

 

 

 

 

 

 

Contact Person

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HSC

 

Undergraduate

 

 

 

 

 

 

 

 

 

Designation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Graduate

 

Post Graduate

 

 

 

 

 

 

 

 

 

E-mail

 

 

 

 

 

 

 

 

 

 

 

Mobile

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGULATORY DETAILS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ARN:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Category: General

New cadre Overseas Distributor)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year of Passing AMFI

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valid up to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PAN :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EUIN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KYD complied Date:

 

 

 

 

 

 

 

 

AADHAAR Card No.(for Individual ARN Holder)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operated from Ofice (for Non individual ARN holder): Yes/No.

(If Yes) Number of Branches:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No. of Employees:

 

 

 

No. of Sub brokers:

 

 

Have there been any penalties/disciplinary action by SEBI/AMFI or any other regulatory body? Yes/No

If yes, please specify:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Please attached self attested copy of the PAN Card, ARN,EUIN Card and AMFI certiicate )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANK PARTICULARS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name of the Bank :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Branch Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pin code of Bank Branch

 

 

 

 

 

 

 

 

 

Account No. (Saving/Current/NRE/NRO)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MICR No. (9 digit) of the Branch

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IFSC/NEFT Code (11 Digit)

 

 

 

 

 

 

 

 

Mode of Payment: Cheque Direct Credit ECS NEFT

(The AMC reserve the right to make brokerage payment through ECS where MICR code is available.)

NOMINATION DETAILS

(Mandatory, in the case of individual and sole proprietorship irm )

I hereby nominate the following person as my nominee to receive the amount of commission pertaining to the business done by me, in the event of my death.

Nominee’s Name :

Nominee’s Date of Birth:

 

d

d

m

m

y

y

y

y

 

 

 

 

 

 

 

 

 

 

 

Guardian’s Name (if Nominee is minor):

Address of Nominee/Guardian:

Relationship

Signature

of Nominee/Guardian

Signature

of Distributor

ADDITIONAL INFORMATION

Have you/organization registered as agent of UTI/UTI AMC earlier: Yes/No

If Yes, give Agency Code No.:

Reason for discontinuation:

Have you ever been adjudicated insolvent or Applied for insolvency or compounded with Creditor? Yes/No

If yes, give full particulars:

Name of the Relatives who are working in UTI AMC/M/s Karvy Computershare Pvt. Ltd :

Name of the Relative

Designation

Location

Relationship

I/We wish to distribute and canvass sale of units of schemes managed by UTI AMC, I/We request you to empanel me/us as a Distributor. I/We declare that the information furnished herein above is true and correct to the best of my/our knowledge and belief and also that I/We am/are permitted to undertake the activities of canvassing sale of units of schemes managed by UTI AMC. I/We further conirm that I/We abide and will abide by the terms and conditions stated overleaf/attached and amendments thereof, if any communicated to me/us in writing by UTI AMC from time to time relating to the empanelment of the Distributor .

Date:

Place:

Signature of the Applicant/Authorized Signatory

(with Seal of the Company/Firm/Society/Trust)

Full Name and designation of authorized signatory:

Checklist for Documents to be submitted

For Individual/Sole Proprietorship Firm

Additional Document

Additional Documents

 

 

 

 

For partnership Firm

For Company/NBFC

1.

ARN Copy

4.

Address Proof

7.

Partnership Deed

9.

Memorandum and

2.

AMFI Certiicate Copy

5.

Cancelled Cheque Copy

8.

Letter of Authority

 

Articles of Association/

3.

PAN Copy

6.

KYD Acknowledgement

 

of the Partner

 

Bye Laws

 

 

 

 

 

 

10.

Board Resolution

 

 

 

 

 

 

 

(Company/Society’s/Trust)

 

 

 

 

 

 

11.

Authorised Signatory List

FOR OFFICE USE ONLY

Have interviewed/checked and veriied the credentials of the applicant as given above, I recommend and approve/do not recommend and disapprove empanelment of the Applicant as a Distributor.

Referred by ARN:

Recommended By BDA/CA:

Relationship Manager: Approved /Rejected By CM/RSH:

Ref. No.

Date of appointment

UFC Code/Name :

Region

 

Zone

UTI Asset Management Company Limited

Regd. Ofice: UTI Tower, ‘Gn’ Block,

Bandra Kurla Complex, Bandra (East),

Mumbai -400 051,

Tel: 022-6678 6666 (Board), Fax : 022-2652 4921

Website :www.utimf.com

TERMS AND CONDITIONS OF DISTRIBUTORSHIP

FOR CANVASSING SALE OF UNITS

1.The statements made by the Distributor in answer to the questions in application form for the Distributorship and the declaration made therein shall be the basis of the Empanelment of Distributor.

2.The irst business year for a Distributor will commence from the date of his/her/their empanelment and end on the succeeding 31st of March. Every subsequent business year will commence from 1st of April and end on 31st of March (or earlier date in case the Distributorship is discontinued/terminated)

3.(a) A Distributor shall carry out such directions and instructions as may, from time to time, be issued by UTI AMC or persons duly authorized by the UTI AMC, for the purpose of fully and effectively carrying out his/her/its activities as Distributor and complying with the terms and conditions of Distributorship.

(b)The Distributor represents and warrants to UTI AMC that he/she/ it is competent to provide services to UTI AMC as per the terms and conditions of the empanelment ,SEBI and AMFI Regulations, Circulars and Rules and that he/she/it has obtained all legal and regulatory approvals, if any, required in relation thereto.

(c)The Distributor conirms that there is no past and shall be no future violations of anti-corruption/bribery laws related to empanelment of Distributor .

(d)The Distributor undertakes that it authorises the UTI AMC to disclose its identiication documentation and information (including Ownership Information) to any Afiliate for Anti Money Laundering (AML) or any other commercial purpose. The Distributor acknowledges and agrees that any data supplied to the UTI AMC during the term of this Agreement may be disclosed by UTI AMC when required by any law or regulation or an agreement between UTI AMC and any government entity or supervisory authority or such action is motivated by a legitimate reason.

4.A Distributor/ persons working for and on behalf of the Non-Individual Distributor shall at all times conduct himself/herself/themselves with propriety and decorum and in a manner which is not prejudicial to the interest and image of the UTI AMC, if the UTI AMC has reasons to feel dissatisied with the conduct of the Distributor, his/her/their Distributorship shall be discontinued at the sole discretion and decision of UTI AMC.

5.(a) The Non-Individual Distributor is authorized to canvass business at the all India level through its sub-agents/branches as may be declared by the Non Individual Distributor from time to time in writing to UTI AMC subject to acceptance of the same by UTI

AMC .

(b)If the Non-Individual Distributor fails to achieve the common minimum criteria ixed by AMFI / or as per SEBI guidelines, its Distributorship is liable to be discontinued.

6.A Distributor (both individual and non-individual) shall provide all the information or statistics concerning his/her/their business with respect to other AMC’s schemes on demand by UTI AMC.

7.The Distributor shall provide self certiication in the prescribed format certifying compliance with the provisions of the extant SEBI Mutual Fund/AMFI guidelines/circulars, adherence to the Code of Conduct as prescribed by SEBI/AMFI for intermediaries of Mutual Fund and fulilling the minimum prescribed criteria regarding the number of investors and average assets under management at the end of every inancial year to the AMC. If the said self certiication is not provided, then the brokerage will be suspended till the time of receipt of the certiicate.

8.a) Applicable to Individual Distributor-An Individual Distributor shall have at least 12 investors with the AMC, within one year of empanelment alternatively, furnish an undertaking stating that the Individual Distributor has serviced at least 25 investors across all mutual funds, this undertaking would form part of his /her annual self certiication as speciied in clause 7 hereinabove.

b)Applicable to Non-Individual Distributor-within one year of empanelment, if 75% or more of the gross funds mobilized are from associates, then furnish an undertaking stating that the Non-Individual Distributor had serviced at least 200 investors other than associates and /or employees of the said associate during the said period. This undertaking would form part of his/her/their annual self-certiication as speciied in clause 7 hereinabove.

c)Corporate Distributors obtaining empanelment with AMC is required to have at least 100 investors from non-associates within one year of empanelment or have average assets under management of at least Rs. 1 crore with the AMC which are not from associates (being subsidiary and holding companies) within the period of one year of empanelment.

9.A Distributor is not authorized to receive money on behalf of the AMC and issue any receipt thereof. He/she shall advise the applicants to lodge their applications together with the relative amounts with a branch of the bank/ collection center functioning as an authorized agent of the AMC for receipt of application and money and to issue oficial receipt thereof. Alternatively, the applications may be lodged at any ofice of the AMC and receipt obtained thereof.

The non-individual Distributor should not issue receipt for applications unless speciically authorized by UTI AMC Ltd.

10.A Distributor will be eligible for brokerage/commission, due and payable, on the business canvassed by him/her (except as may be prohibited by SEBI/AMFI from time to time including on their own investment) under each Scheme/Plan at the rate/s prescribed by UTI AMC (herein referred to as “UTI AMC” or “AMC”) at the commencement of the Distributorship or as may be informed from time to time in writing and the Distributor shall be bound by such changes. The brokerage/commission shall be all inclusive (i.e. on gross basis) subject to deduction of all prevalent taxes (including deduction of tax at source under the Income Tax Act 1961 and Rules made thereunder), levies, duties, cess etc. and shall also be subject to deduction of service tax, education cess and secondary & higher education cess.”

The Non-Individual Distributor is authorized to canvass the sales through its sub-agents, if any. However, only the Non-Individual Distributor will be paid commission on the entire business canvassed by it including that through its sub-agents at the rate(s) prescribed by UTI AMC Ltd. UTI AMC will not entertain claims of any sub agent for payment of commission in respect of the business canvassed by him/her/it on behalf of his/her/its principal Non-Individual Distributor.

Business canvassed by New cadre of Distributor in the schemes other than simple and performing UTI MF schemes, as already announced/will be announced by UTI AMC from time to time as per the criteria prescribed by SEBI, shall be rejected and no commission shall be payable to new cadre of distributor on such business.

11.(a) The Distributor should use the prescribed application form for the Distributors and should afix his/her name and ARN, EUIN no. in the space provided for in the application form. No commission shall be payable by the AMC to the Distributor if the prescribed application form is not used or the ARN, EUIN is not afixed.

Persons working on behalf of the Non-Individual Distributor as sub-agents should afix his/her name and sub-agent code, EUIN no. and ARN of principal non-individual Distributor also in the space provided for in the application form. No commission shall be payable by the AMC to the Distributor if the prescribed application form is not used or the ARN, Sub-agent code, EUIN is not afixed.

(b)A Distributor or a sub agent of Non-individual Distributor is expected to ensure that the application forms illed up by his/her/their clients are complete in every respect.

(c)A Distributor who wrongly receives any sum of money from the AMC which is not due or payable to him/her by the AMC shall refund such amount to the AMC forthwith or on receipt of intimation to that effect from the AMC.

(d)The Distributor agrees that the AMC shall be entitled to recover or adjust all such amounts as are wrongly paid to the Distributor from and out of any commission or any other sum payable by the AMC to the Distributor.

12.A Distributor (both individual and non-individual) will not be entitled to any payment beyond the commission referred to above for work done by him/her/them in connection with the distributorship, unless speciically agreed to by UTI AMC.

13.A Distributor shall protect and keep harmless and indemnify UTI AMC, UTI Trustee Company Private Limited and UTI Mutual Fund against and in respect of any losses, claims, costs, charges, expenses etc. ,which UTI AMC, UTI Trustee Company Private Limited and UTI Mutual Fund may have to incur/ suffer as a result of the acts of omission, commission , negligence, fraud by whatever name it is called and breach of the terms and conditions of the empanelment of distributor by the distributor, its personnel or any person canvassing the business on behalf of the distributor.

14.These Terms and Conditions are on a principal-to-principal basis and do not create and shall not be deemed to create any employer- employee relationship between the AMC and the Distributor and/or its personnel/representative(s). The Distributor and/or its personnel/representative(s) shall not be entitled to, by act, word, deed or otherwise, make any statement on behalf of the AMC or in any manner bind the AMC or hold out or represent that the Distributor is representing or acting as Distributor of the AMC, except as expressly provided in these Terms and Conditions or otherwise in writing.

15.The activities of the Distributor and its personnel/representative(s) shall not be construed to be activities of the AMC. Save and except as may be expressly permitted by the AMC, the Distributor and its personnel/representative(s) shall not at any time use the name, mark or logo of the UTI Mutual Fund/ AMC in any sales or marketing publication or advertisement, or in any other manner without prior written consent of the AMC.

16.In case of distribution of PMS products various applicable provisions of SEBI (Portfolio Managers) Regulation 1993 shall also be applicable.

17.1) The appointment of the Distributor shall continue to remain in full force and effect unless terminated by UTI AMC, in accordance with the terms and conditions of the empanelment.

2)The empanelment of an Individual or Non-individual Distributor shall be liable to be terminated by the AMC forthwith:

(a)If he/she is found to be a minor.

(b)If he/she or the Principal Person(s) in-charge of the non-individual Distributor or Person(s) in-charge of the day-to-day affairs of the Non-Individual Distributor is adjudicated insolvent.

c)If he/she is found to be of unsound mind by a court of competent jurisdiction

d)If he/she or the Principal Person(s) in-charge of the non-individual Distributor or Person(s) in-charge of the day-to-day affairs of the Non-Individual Distributor is or has been within ive years immediately preceding his/her/its appointment convicted by a criminal court for an offence involving moral turpitude.

e)The Non-Individual Distributor and/or its sub agent is prosecuted under any enactment for infraction of any law which in the opinion of UTI AMC (which is inal and binding) will adversely affect its interest and image

f)The Non-Individual Distributor has voluntarily or involuntarily become the subject of proceedings under bankruptcy or insolvency law or liquidation or winding up

g)If in the course of any judicial proceeding it is found that he/she or the Principal Person(s) in-charge of the Non-Individual Distributor or Person(s) in-charge of the day-to-day affairs of the Non-Individual Distributor has knowingly participated in, or connived at, any fraud dishonesty or misrepresentation against the AMC or any unit holder.

h)If he/she or representative of Non-Individual Distributor is found to canvass the sale of units (issued under any scheme or plan) in or around the premises of the ofice/Financial Centre of the AMC, its agency bank with a view to intercepting or embarrassing to direct sale or act in any other manner prejudicial to the AMC’s efforts in promoting sales across the counter.

i)If the AMC is satisied that any statement made in the application form for Distributorship was false or misleading or calculated to mislead.

j)If the sub-agent of NI Distributor committed or suffered from any of the disabilities listed above, which, in the opinion of AMC, cannot be adequately cured by termination of sub-agency by the Non-Individual Distributor and, in the opinion of AMC, the Distributorship of Non-Individual Distributor has to be terminated for safeguarding the interest and image of AMC

k)If the AMC is satisied that Distributor (both Individual and Non individual)

i.has offered or continues to offer any kind of an incentive to prospective investor or

ii.has appointed sub-distributor(s) for canvassing sale of units or

iii.in any statement, hand bills, circular or any other form of publicity material brought out by him/her/them has

(a)reproduced the logo of the AMC or

(b)reproduced any advertisement whether in full or in part, issued by the AMC without the prior authority of the AMC or

iv.acts in any other manner prejudicial to the interest of the AMC.

3)The provisions in the preceding paragraph shall be without prejudice to the provisions in the next Succeeding paragraph.

18.In addition to what is stated in the preceding paragraphs the AMC shall have right to terminate the Distributorship of a Distributor (both Individual and Non Individual)

a)At any time by giving him/her one month’s notice and without assigning any reasons thereof and without any liability to pay any compensation. A Distributor may also terminate Distributorship at any time by giving one month’s notice to the AMC but such termination by the Distributor shall not become effective till the Distributor fully discharges the obligations accrued upto the date of receipt of notice by AMC and the Distributor has returned/surrendered all the materials of AMC and accounted therefore.

b)Who do not meet with the minimum Asset Under Management (AUM)/Sales criteria as laid out by the AMC from time to time.

19.Any advertisement campaign undertaken by the Distributor for promotion of sale of units of AMC and all other incidental expenses incurred by him/her/it will have to be borne from their own funds. AMC will not be liable to reimburse any such promotional or other expenditure.

20.The AMC offers nomination facility to the Individual / Sole Proprietorship Distributor to enable the nominee to receive trail commissions on the business done before the demise of Distributor holding ARN provided the Distributor has complied with the Terms and Conditions mentioned herein above. The payment of the said amount by the AMC to the nominee shall fully discharge AMC from all its obligations.

21.In respect of all disputes arising under this Distributorship the courts in Mumbai city alone shall have jurisdiction.

22.A Distributor shall not have any claim against the AMC for any loss uncured by him/her/them as not anticipated and arising out of any revision in the rate of commission for business canvassed.

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