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The grant to the directors have no idea of the actions taken by the grantee and immediately lose control of the company. Additionally if the associate will be an entity other than a Management Company then formal permission should be obtained from the FSC under sec 21 of the FSD Act 2001 for it to deal with residents. The only exception to this rule is that by concession the FSC is prepared to allow in-payments which represent a mixture of fees and disbursements together with the FSC fees to...
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Management companies are entities that oversee and control the operation of a business or organization on behalf of its owners or stakeholders.
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