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.
