| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
NAVI AMC LTD.
(PAN:AAFCP0498M)
(Along with : NAVI TRUSTEE LTD.)
|
|
|
ALLEGED EXCEEDED THE PERMISSIBLE LIMIT OF TWO BASIS POINTS OF RESPECTIVE SCHEME’S AUM FOR SCHEME RELATED EXPENSES VIOLATING REGULATION 52(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH CLAUSE 10.0.012 OF SEBI MASTER CIRCULAR FOR MUTUAL FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
02-DEC-2025
|
|
| 22 |
|
|
NAVI TRUSTEE LTD.
(PAN:AAFCP0412M)
(Along with : NAVI AMC LTD.)
|
|
|
ALLEGED EXCEEDED THE PERMISSIBLE LIMIT OF TWO BASIS POINTS OF RESPECTIVE SCHEME’S AUM FOR SCHEME RELATED EXPENSES VIOLATING REGULATION 52(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH CLAUSE 10.0.012 OF SEBI MASTER CIRCULAR FOR MUTUAL FUND
|
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.10,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
02-DEC-2025
|
|
| 23 |
|
|
PRINCIPAL PNB ASSET MANAGEMENT CO.PVT.LTD.
(PAN:AAACI9361B)
|
|
|
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
|
|
| 24 |
|
|
PRINCIPAL TRUSTEE CO.PVT.LTD.
(PAN:AADCP2274K)
|
|
|
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
|
|
| 25 |
|
|
TAURUS ASSET MANAGEMENT CO.LTD.
(PAN:AAACC2275J)
|
|
|
ALLEGED VIOLATION OF CLAUSES (A), (C), (E), (G), (H) AND (I) OF INVESTMENT VALUATION DIRECTIVES/INSTRUCTIONS/GUIDELINES AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.
ALLEGED VIOLATION OF REGULATION 25(2) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.
ALLEGED VIOLATION OF SCHEDULE II OF SEBI CIRCULAR NO. SEBI/IMD/CIR NO.11/78450/06 DATED 11/10/2016 READ WITH REGULATION 50(2) OF SEBI(MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.
ALLEGED VIOLATION OF REGULATIONS 3(A),4(1),4(2)(F),(K), P) AND (S) OF SEBI (PFUTP) REGULATIONS, 2003 IN MATTER OF DEBT INSTRUMENTS OF BALLARPUR INDUSTRIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,94,82,201 VIDE CONSENT ORDER)
23-JUL-2020
|
|
| 26 |
|
|
TAURUS INVESTMENT TRUST CO.LTD.
(PAN:AAACC1753B)
|
|
|
ALLEGED FAILURE IN HAVING ANY POLICIES AND PROCEDURES TO DEAL WITH EXCEPTIONAL EVENTS WHERE MARKET QUOTATIONS ARE NO LONGER RELIABLE FOR PARTICULAR SECURITY VIOLATING CLAUSE (C) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATION 18(9) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN CHECKING COMPLIANCE OF DUE DILIGENCE PROCESS THROUGH INDEPENDENT AUDITORS OR INTERNAL STATUTORY AUDITORS OR OTHER SYSTEM VIOLATING CLAUSES 8 AND 9 OF FIFTH SCHEDULE UNDER REGULATION 18(22) SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND SEBI CIRCULAR NO.IMD/CIR/6/73/2000 DATED 27/07/2000 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN REVIEWING VALUATION POLICY VIOLATING CLAUSE (D) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 18(9), 25(6A) AND 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN HAVING ANY POLICY TO ADDRESS CONFLICT OF INTEREST VIOLATING CLAUSE (E) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 18(9), 25(6A) AND 18(4)(D) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED FAILURE IN DETECTING AND PREVENT INCORRECT VALUATION VIOLATING CLAUSE (H) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
ALLEGED INDULGENCE IN DECLARATION OF INCORRECT NAV VIOLATING CLAUSE (G) OF EIGHTH SCHEDULE UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF TAURUS MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.40,67,250 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-JUL-2021
|
|
| 27 |
|
|
UNION KBC ASSET MANAGEMENT CO.PVT.LTD.
|
|
|
|
G.PRADEEPKUMAR
|
|
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
|
|
| 28 |
|
|
UNION KBC TRUSTEE CO.PVT.LTD.
|
|
|
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
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 2 of 2
|
