SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE � PRESS RELEASES/ CHAIRMAN�S AND MEMBER�S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

MUTUAL FUNDS: DIRECTED TO MAKE EFFORTS TO TRANSFER ACTIVITIES OF SAHARA INDIA FINANCIAL CORP.LTD. (SAHARA SPONSOR) AND SAHARA ASSET MANAGEMENT CO.PVT.LTD. (SAHARA AMC) TO A NEW SPONSOR AND SEBI APPROVED ASSET MANAGEMENT CO.AT THE EARLIEST

S.No.

ENTITY

PERSONS

REGULATORY CHARGES

REGULATORY ACTION(S) / DATE OF ORDER

FURTHER DEVELOPMENTS

1

History of entity/person

SAHARA MUTUAL FUND

NOT A FIT & PROPER PERSON TO CARRY OUT BUSINESS OF MUTUAL FUND

CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY

DIRECTED TO MAKE EFFORTS TO TRANSFER ACTIVITIES OF SAHARA INDIA FINANCIAL CORP.LTD. (SAHARA SPONSOR) AND SAHARA ASSET MANAGEMENT CO.PVT.LTD. (SAHARA AMC) TO A NEW SPONSOR AND SEBI APPROVED ASSET MANAGEMENT CO.AT THE EARLIEST

DIRECTED NOT TO TAKE NEW SUBSCRIPTION FROM INVESTORS (INCLUDING EXISTING INVESTOR IN SYSTEMATIC INVESTMENT PLANS (SIP) / SYSTEMATIC TRANSFER PLANS (STP) AND NOT TO CHARGE ANY PENALTIES / LOADS FOR NOT DEPOSITING INSTALLMENTS

28-JUL-2015

SAT: APPEAL DISMISSED. NO COSTS

SEBI VIDE ITS ORDER DATED 27/03/2018 A) DIRECTED SAHARA MUTUAL FUND TO WIND UP ALL ITS SCHEMES (OTHER THAN �SAHARA TAX GAIN FUND�) BY 21/04/2018 B) PERMITTED TO CONTINUE TO RUN ITS �SAHARA TAX GAIN FUND� TILL 27/07/2018 AND DIRECTED NOT TO ACCEPT ANY NEW INVESTOR UNDER �THIS C) DIRECTED TO COMPULSORILY REDEEM EACH INVESTMENT IN �SAHARA TAX GAIN FUND� AS AND WHEN THE LOCK IN PERIOD EXPIRES D) GRANTED TIME TILL 27/08/2018 TO COMPLETE WINDING UP OF THE �SAHARA TAX GAIN FUND� E) SURRENDER CERTIFICATE OF REGISTRATION TO SEBI BY 27/08/2018

SAT: SAT VIDE ITS ORDER DATED 26/04/2018 PERMITTED APPEALLANTS TO WITHDRAW THE APPEAL. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 03/05/2018 DIRECTED ONE LIFE CAPITAL ADVISORS LTD. TO MAKE FRESH APPLICATION ON OR BEFORE 10/05/2018 SEEKING APPROVAL OF SEBI FOR BEING SPONSOR BY PURCHASING 100% EQUITY CAPITAL OF SAHARA ASSET MANAGEMENT CO.PVT.LTD. NO COSTS

The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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