| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
PINEBRIDGE MUTUAL FUND
|
|
|
REQUESTED FOR CANCELLATION OF CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
27-MAR-2015
|
|
| 42 |
|
|
PIONEER ITI MUTUAL FUND
|
|
|
AS A RESULT OF CHANGE IN CONTROL, PIONEER ITI MUTUAL FUND HAS HANDED OVER ALL THEIR EXISTING SCHEMES TO TEMPLETON MUTUAL FUND AFTER GIVING AN EXIT OPTION TO ALL THE UNITHOLDERS
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
14-FEB-2003
|
|
| 43 |
|
|
PNB MUTUAL FUND
|
|
|
REQUESTED FOR CANCELLATION OF CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
23-OCT-2007
|
|
| 44 |
|
|
PRINCIPAL MUTUAL FUND
(PAN:AAATP6607N)
|
|
|
ALLEGED VIOLATION OF TOTAL EXPENSE RATIO (TER) AND BREACH OF MAXIMUM PERMISSIBLE TOTAL EXPENSE RATIO (TER) LIMIT AS PER REGULATIONS 10(A) AND 52(6) (C) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.25,90,000 VIDE CONSENT ORDER)
28-MAR-2018
|
|
| 45 |
|
|
PRINCIPAL MUTUAL FUND
(PAN:AAATP6607N)
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CEASED TO EXIST AS MUTUAL FUND
02-JUN-2022
|
|
| 46 |
|
|
RELIANCE MUTUAL FUND
|
|
|
DID NOT FILE ADVERTISEMENT OF NFO WITHIN STIPULATED TIME AS REQUIRED UNDER REGULATION 30(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DISPLAY AND VOICE-OVER STANDARD WARNING IN AUDIO VISUAL OF ADVERTISEMENT OF NFO WAS NOT AS PER STANDARDS AND IT WAS OF LESS THAN FIVE SECONDS AS REQUIRED UNDER REGULATION 77 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
DIRECTED TO WITHDRAW ADVERTISEMENT OF NFO OF RELIANCE INFRASTRUCTURE FUND OF RELIANCE MUTUAL FUND
03-JUN-2009
|
DIRECTED TO ABIDE STRICTLY BY STIPULATIONS ON ADVERTISEMENTS BY MUTUAL FUNDS,ISSUED BY SEBI, BOTH IN LETTER AND SPIRIT, VIDE ORDER DATED 12/01/2010
|
| 47 |
|
|
RELIGARE MUTUAL FUND
|
|
|
DISPLAY AND VOICE-OVER STANDARD WARNING IN AUDIO VISUAL OF ADVERTISEMENT OF NFO WAS NOT AS PER STANDARDS AND IT WAS OF LESS THAN FIVE SECONDS AS REQUIRED UNDER REGULATION 77 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-FEB-2010
|
|
| 48 |
|
|
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CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY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
|
| 49 |
|
|
SBI MUTUAL FUND
(PAN:AAACS7339D)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE AND PROPER CARE IN CONDUCT OF ITS BUSINESS VIOLATING OF CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT PRESCRIBED FOR TRUSTEES AND ASSET MANAGEMENT COMPANIES READ WITH REGULATIONS 18(22), 25(16), 25(2), 25(3) AND 50(2) OF SEBI (MUTUAL FUND) REGULATIONS, 1996 IN MATTER OF PADMINI TECHNOLOGIES LTD.
ALLEGED PURCHASE OF SHARES IN OFF-MARKET TRANSACTIONS VIOLATING SEBI CIRCULAR NO.SMDRP/POLICY/CIR/32/99 DATED 14/09/1999
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.14,05,12,795, PAID TO IEPF RS.62,04,510 VIDE CONSENT ORDER)
28-SEP-2018
|
|
| 50 |
|
|
SHRIRAM MUTUAL FUND
|
|
|
VIOLATED REGULATIONS 53(B) AND 44(1) OF SEBI (MUTUAL FUNDS) REGULATIONS
|
IMPOSED PENALTY RS.5,00,000
09-OCT-2000
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.2,50,000 FROM RS.5,00,000
|
| 51 |
|
|
SREI MUTUAL FUND (IDF)
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CEASED TO EXIST AS MUTUAL FUND
22-OCT-2021
|
|
| 52 |
|
|
SUN F&C MUTUAL FUND
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
05-AUG-2005
|
|
| 53 |
|
|
TAURUS MUTUAL FUND
|
|
|
ALLEGED INDULGENCE IN PRICE MANIPULATION AND CREATION OF ARTIFICIAL MARKET IN SCRIP OF DCM SHRIRAM CONSOLIDATED LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.20,00,000 VIDE CONSENT ORDER)
28-NOV-2008
|
|
| 54 |
|
|
UNION KBC MUTUAL FUND
|
|
|
ALLEGED VIOLATION OF REGULATION 18(22), 25(16),68(H) READ WITH CLAUSES 6, 8 AND 9 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF UNION KBC MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.37,31,071 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
31-OCT-2018
|
|
| 55 |
|
|
ZURICH INDIA MUTUAL FUND
|
|
|
AS A RESULT OF CHANGE IN CONTROL, ZURICH INDIA MUTUAL FUND HAS HANDED OVER ALL THEIR EXISTING SCHEMES TO HDFC MUTUAL FUND AFTER GIVING AN EXIT OPTION AT PREVAILING NAV WITHOUT EXIT LOAD TO ALL UNITHOLDERS
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
16-JUL-2003
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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