Corporate Investment Fund (hereinafter - CIF, Corporate Fund) - a legal entity that is created in the form of a joint stock company and carries out exclusively joint investment activities.
This entity is created in the form of a joint stock company, but it should be noted that the Law of Ukraine “On Joint Stock Companies” does not apply to the CIF. Corporate funds are created and operate in accordance with the Law of Ukraine “On Joint Investment Institutions”.
CIF is an issuer of shares.
The management bodies of the CIF are the General Meeting and the Supervisory Board.
The creation of the Supervisory Board at CIF helps to monitor the activities of the asset management company. At the same time, members of the Supervisory Board are elected by the General Meeting, which allows participants to appoint their representatives to the Supervisory Board. The competence of the General Meeting includes the solution of such issues as: election of members of the Supervisory Board, approval of the Charter of the CIF, approval of the annual report of the CIF, etc.
The competence of the Supervisory Board includes the solution of such issues as: making decisions on holding regular and extraordinary general meetings, except for convening KIF participants by an extraordinary general meeting; approval of the agenda of the general meeting, adoption of a decision on the date of their holding and on the inclusion of proposals on the agenda, except for the convening by the CIF participants of an extraordinary general meeting; approval of contracts for the assets of the investment fund concluded by the asset management company for an amount exceeding the minimum cost established by the charter or regulation.