| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
A.BALASUBRAMANIAN
|
|
|
|
BIRLA SUN LIFE ASSET MANAGEMENT CO.LTD.
|
|
|
BIRLA SUN LIFE MUTUAL FUND
|
|
DID NOT ADHERE TO ALL PROVISIONS OF THE DIRECTIVES/INSTRUCTIONS/GUIDELINES, CIRCULARS IN MATTER OF ADVERTISEMENT THROUGH NEWSPAPERS AND HOARDINGS AS REQUIRED UNDER REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
20-FEB-2010
|
|
| 2 |
|
|
AEGON MUTUAL FUND
|
|
|
REQUESTED FOR CANCELLATION OF CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
18-AUG-2011
|
|
| 3 |
|
|
ANAGRAM WELLINGTON MUTUAL FUND
|
|
|
ANAGRAM WELLINGTON MUTUAL FUND LAUNCHED ONLY ONE SCHEME WHICH HAS ALREADY BEEN WOUND UP AND REDEMPTION AMOUNT HAS BEEN PAID TO UNITHOLDERS
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
18-MAR-2002
|
|
| 4 |
|
|
APPLE MUTUAL FUND
|
|
|
DUE TO REORGANISATION, TWO SCHEMES OF APPLE MUTUAL FUND, NAMELY, APPLE MIDAS FUND-THE GOLDSHARE AND APPLE PLATINUM SHARE HAVE MIGRATED TO BIRLA MUTUAL FUND AND BECAME AN INTEGRAL PART OF BIRLA MUTUAL FUND. AS A RESULT, EXISTING TRUSTEES OF BIRLA MUTUAL FUND-BIRLA CAPITAL INTERNATIONAL TRUSTEE CO.LTD.BECAME TRUSTEES FOR SCHEMES AND EXISTING INVESTMENT MANAGER FOR BIRLA MUTUAL FUND-BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD. HAS BECOME INVESTMENT MANAGER FOR SCHEMES
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
14-JAN-2000
|
|
| 5 |
|
|
ASIA PACIFIC MUTUAL FUND
|
|
|
DID NOT FULFILL ELIGIBILITY CRITERIA
DID NOT PAY FEES TO SEBI
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
03-DEC-1999
|
|
| 6 |
|
|
BENCHMARK MUTUAL FUND
|
|
|
REQUESTED FOR CANCELLATION OF CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
14-SEP-2011
|
|
| 7 |
|
|
BIRLA SUN LIFE MUTUAL FUND
|
|
|
|
A.BALASUBRAMANIAN
|
|
DID NOT ADHERE TO ALL PROVISIONS OF THE DIRECTIVES/INSTRUCTIONS/GUIDELINES, CIRCULARS IN MATTER OF ADVERTISEMENT THROUGH NEWSPAPERS AND HOARDINGS AS REQUIRED UNDER REGULATION 25(6A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
20-FEB-2010
|
|
| 8 |
|
|
BIRLA SUN LIFE MUTUAL FUND
|
|
|
DID NOT MAKE DISCLOSURE OF SHAREHOLDING/CHANGES IN SHAREHOLDING AS REQUIRED UNDER REGULATIONS 7(1) AND 7(2) OF SEBI TAKEOVER CODE, 1997 IN MATTER OF SUBEX SYSTEMS LTD.
|
IMPOSED PENALTY RS.75,000
25-MAY-2005
|
|
| 9 |
|
|
BIRLA SUN LIFE MUTUAL FUND
|
|
|
ALLEGED LAUNCH OF MUTUAL FUND SCHEME WITHOUT FILING DRAFT OFFER DOCUMENT WITH SEBI AS REQUIRED UNDER REGULATIONS 28(1) AND (2) OF SEBI (MUTUAL FUND) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,00,000, ADMINISTRATION CHARGES RS.25,000 VIDE CONSENT ORDER)
18-MAY-2009
|
|
| 10 |
|
|
BNP PARIBAS MUTUAL FUND
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CEASED TO EXIST AS MUTUAL FUND
13-APR-2022
|
|
| 11 |
|
|
BOI MUTUAL FUND
|
|
|
AS A RESULT OF CHANGE IN CONTROL, HANDED OVER ALL EXISTING SCHEMES TO TAURUS MUTUAL FUND AND TRANSFERRED UNCLAIMED AMOUNTS TO BANK
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
09-JAN-2007
|
|
| 12 |
|
|
CANBANK MUTUAL FUND
|
|
|
VIOLATED REGULATIONS 29(2) AND 29(4) OF SEBI (MUTUAL FUNDS) REGULATIONS
|
IMPOSED PENALTY RS.3,00,000
10-NOV-2000
|
SAT: APPEAL DISMISSED
|
| 13 |
|
|
CRB MUTUAL FUND
|
|
|
IRREGULARITIES IN OPERATION OF CRB CAPITAL MARKETS LTD.
|
DIRECTED NOT TO LAUNCH ANY NEW SCHEMES FROM 21-MAY-1997
21-MAY-1997
|
|
| 14 |
|
|
DUNDEE MUTUAL FUND
|
|
|
SURRENDERED CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
02-FEB-2006
|
|
| 15 |
|
|
ESCORTS MUTUAL FUND
|
|
|
FAILED TO SUBMIT ANNUAL REPORT TO SEBI WITHIN STIPULATED TIME
|
IMPOSED PENALTY RS.52,000
25-JUN-2001
|
SAT: APPEAL ALLOWED
|
| 16 |
|
|
FACTORIAL MASTER FUND
|
|
|
TOOK UNUSUAL AND AGGRESSIVE SHORT POSITION IN F&O SEGMENT AHEAD OF OFFER FOR SALE WHILE IN POSSESSION OF UNPUBLISHED PRICE SENSITIVE INFORMATION VIOLATING SECTION 12A (D) AND (E) OF SEBI ACT AND REGULATION 3(I) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 1992 IN MATTER OF L&T FINANCE HOLDINGS LTD.
INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF L&T FINANCE HOLDINGS LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 05-JUN-2014 TILL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 05-JUN-2014 TILL FURTHER ORDERS
05-JUN-2014
|
SEBI VIDE ITS ORDER DATED 16/10/2014 CONFIRMED THE DIRECTIONS ISSUED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 05/06/2014
SAT: SAT VIDE ITS ORDER DATED 08/05/2015 DIRECTED 1. SEBI TO COMPLETE INVESTIGATION WITHIN A PERIOD OF TWO MONTHS 2. IF ON COMPLETION OF SUCH INVESTIGATION SEBI DEEMS IT FIT TO PROCEED FURTHER IN THE MATTER, THEN SEBI SHALL ISSUE SHOW NOTICE AND PASS APPROPRIATE ORDER 3. IF SEBI FAILS TO ISSUE SHOW CAUSE NOTICE WITHIN TWO MONTHS FROM DATE OF THIS ORDER AND IF ISSUED, FAILS TO PASS AN ORDER WITHIN A PERIOD OF ONE MONTH FROM DATE OF ISSUING SHOW CAUSE NOTICE, THEN IMPUGNED CONFIRMATORY ORDER DATED 16/10/2014 SHALL COME TO AN END AND APPELLANT WOULD BE ENTITLED TO ACCESS THE INDIAN SECURITIES MARKET. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 08/07/2015 REITERARATED THAT SINCE SEBI HAS FAILED TO ISSUE SHOW CAUSE NOTICE WITHIN THE TIME STIPULATED IN ORDER DATED 08/05/2015, BOTH EX-PARTE AD-INTERIM ORDER DATED 05/06/2014 AND CONFIRMATORY ORDER DATED 16/10/2014 HAVE COME TO AN END AND CONSEQUENTLY APPELLANT WOULD BE ENTITLED TO ACCESS INDIAN SECURITIES MARKET IN ACCORDANCE WITH LAW
|
| 17 |
|
|
FIDELITY MUTUAL FUND
|
|
|
REQUESTED FOR CANCELLATION OF CERTIFICATE OF REGISTRATION
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
15-JAN-2013
|
|
| 18 |
|
|
FRANKLIN TEMPLETON MUTUAL FUND
(PAN:AAATT4931H)
|
|
|
CONSTITUTED INFORMAL GROUP AS INVESTMENT COMMITTEE AND INCLUDED INTERNATIONAL CIO IN INVESTMENT COMMITTEE VIOLATING SEBI CIRCULAR MFD/CIR/15/19133/2002 DATED 30/09/2002 READ WITH REGULATION 10(A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLOWED INTERNATIONAL CIO WHO WAS SITTING OUT OF INDIA IN THE OPERATION OF AMC VIOLATING REGULATION 25(18) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
IMPOSED PENALTY RS.10,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-NOV-2016
|
|
| 19 |
|
|
GE (SRF) MUTUAL FUND
|
|
|
DID NOT ADHERE TO NET WORTH REQUIREMENT IN ACCORDANCE WITH SEBI (MUTUAL FUNDS) REGULATIONS 1996
DID NOT LAUNCH ANY SCHEMES
|
CANCELLED REGISTRATION AS MUTUAL FUND AND WITHDRAWN APPROVAL GRANTED TO ASSET MANAGEMENT COMPANY
27-JAN-2000
|
|
| 20 |
|
|
GFC MUTUAL FUND
|
|
|
VIOLATED SEBI ACT, RULES & REGULATIONS
|
DIRECTED NOT TO LAUNCH ANY NEW SCHEMES FROM 19-JUN-1997
19-JUN-1997
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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