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ROYAL WESTERN INDIA TURF CLUB, LTD

N O T I C E

To: All Concerned. 

RE: AMENDMENT TO CLAUSE 6 OF APPENDIX J, CLAUSE (vi) (b) OF APPENDIX A  AND CLAUSE (vi) (b) OF APPENDIX H OF THE RULES OF RACING OF THE CLUB 

The Stewards of the Club at their meeting held on 11th December 2016 have decided to amend Clause 6 of Appendix J Rules relating to Owning and Racing of horses by Trusts (Public/ Private). 

Clause 6 on Appendix J will now read as under: 

6.        A Trust can own a horse in its entirety and in such case rules relating to owning and racing of horses by Trust shall apply.  A Trust can also co-own a horse with other individual(s) and / or Limited Company(s) and / or LLP(s) and / or Syndicate(s) or other legal entity that may be approved by the Stewards of the Club from time to time. In such case of co-ownership of a horse by a Trust, rules relating to co-ownership shall apply to such Trust, individual(s), Limited Company(s), LLP(s), Syndicate(s) or other legal entity as aforesaid who are co-owners of the horse. 

As a consequence of the above change in the norms/ rules of Trust, the norms for Limited Company and Limited Liability Partnership (LLP), as the case may be, will be as under so as to permit Trust (Private/ Public) to co-own a horse with a Limited Company or a LLP: 

Clause (vi) (b) of Appendix A (Owning and Racing of Horses by Limited Companies) will now read as under:      

 (vi)     (b) A Limited Company can own a horse in its entirety and in such case rules relating to owning and racing of horses by Limited Company shall apply.  A Limited Company can also co-own a horse with other individual(s) and / or Trust and / or LLP(s) and / or Syndicate(s) or other legal entity that may be approved by the Stewards of the Club from time to time. In such case of co-ownership of a horse by a Limited Company, rules relating to co-ownership shall apply to such Trust, individual(s), Limited Company(s), LLP(s), Syndicate(s) or other legal entity as aforesaid who are co-owners of the horse. 

Clause (vi) (b) of Appendix H (Owning and Racing of Horses by Limited Liability Partnerships) will now read as under: 

(vi)     (b)      A LLP can own a horse in its entirety and in such case rules relating to owning and racing of horses by LLP shall apply.  A LLP can also co-own a horse with other individual(s) and / or Limited Company(s) and/ or Trust and / or Syndicate(s) or other legal entity that may be approved by the Stewards of the Club from time to time. In such case of co-ownership of a horse by a LLP, rules relating to co-ownership shall apply to such Trust, individual(s), Limited Company(s), Syndicate(s) or other legal entity as aforesaid who are co-owners of the horse. 

 

Sd/-

Assistant Secretary,

ROYAL WESTERN INDIA TURF CLUB, LTD

Mumbai: December 14, 2016.

 

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