| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
AXIS MUTUAL FUND TRUSTEE LTD.
(PAN:AAHCA5893K)
|
|
|
ALLEGED FAILURE TO ENSURE COMPLIANCE OF AXIS ASSET MANAGEMENT CO.LTD. WITH SEBI CIRCULAR DATED 22/10/2018 VIOLATING REGULATION 18(9) READ WITH REGULATION 77 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.16,57,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-NOV-2024
|
|
| 2 |
|
|
BANK OF INDIA INVESTMENT MANAGERS PVT.LTD.
(PAN:AADCB2245A)
|
|
|
ALLEGED FAILURE IN INTER SCHEME TRANSFERS RESULTING INTO TRANSFER OF HIGH RISK SECURITIES TO SCHEMES CATEGORISED AS LOW/MEDIUM RISK WHICH DID NOT CONFIRM TO INVESTMENT OBJECTIVES VIOLATING CLAUSE 3(B) OF SCHEDULE SEVEN OF (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATION 44(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF BANK OF INDIA INVESTMENT MANAGERS PVT.LTD. (PREVIOUSLY: BOI AXA INVESTMENT MANAGERS PVT.LTD.
ALLEGED FAILURE IN VALUATION OF SECURITIES IN ACCORDANCE WITH OVERARCHING PRINCIPLES OF FAIR VALUATIONS AND DID NOT FOLLOW ITS OWN APPROVED VALUATION POLICY BY ARBITRARILY DECIDING FIGURE OF PER DAY PROVISIONING AND CONTINUED WITH PER DAY PROVISIONING IGNORING MATERIAL EVENTS AND MAJOR DEVELOPMENTS REGARDING FILING OF RECOVERY PROCEEDING AGAINST ISSUER WITH NCLT, VALUATION COMMITTEE MET AFTER DELAY/FAILED TO MEET IMMEDIATELY TO REVIEW/DISCUSS RELATED DEVELOPMENTS VIOLATING CLAUSES (A), (C), (G), (H) OF INVESTMENT VALUATION NORMS AS SPECIFIED IN EIGHTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND CLAUSES 1, 8 AND 9 OF FIFTH SCHEDULE READ WITH REGULATION 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF BANK OF INDIA INVESTMENT MANAGERS PVT.LTD. (PREVIOUSLY: BOI AXA INVESTMENT MANAGERS PVT.LTD.)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,36,50,000 VIDE CONSENT ORDER)
28-DEC-2022
|
|
| 3 |
|
|
CANARA ROBECO ASSET MANAGEMENT CO.LTD.
(PAN:AAACC2031J)
|
|
|
ALLEGED VIOLATION OF REGULATION 38 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF REGULATION 48(2) OF (MUTUAL FUNDS) REGULATIONS, 1996 READ WITH SEBI CIRCULAR MFD/CIR NO.11/171/01 DATED 09/02/2001 AND SEBI CIRCULAR SEBI/IMD/CIR NO.5/63714/06 DATED 29/03/2006
ALLEGED VIOLATION OF CLAUSE III OF SEBI CIRCULAR SEBI/HO/IMD/DF3/CIR/P/2017/114 DATED 06/10/2017
ALLEGED VIOLATION OF CLAUSE 5 OF SEBI CIRCULAR SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
ALLEGED VIOLATION OF CLAUSE D OF SEBI CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2018/137 DATED 22/10/2018
ALLEGED VIOLATION OF CLAUSE B OF SEBI CIRCULAR SEBI/IMD/CIR NO.10/22701/03 DATED 12/12/2003
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.84,82,500 VIDE CONSENT ORDER)
11-JUN-2024
|
|
| 4 |
|
|
FAIRFAX FINANCIAL HOLDING LTD.
|
|
|
ALLEGED NON-COMPLIANCE OF REGULATION 7B OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 EVEN AFTER COMPLETION OF ONE YEAR GRACE PERIOD
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.29,25,000 VIDE CONSENT ORDER)
01-MAR-2023
|
|
| 5 |
|
|
HDFC ASSET MANAGEMENT CO.LTD.
(PAN:AAACH7614L)
|
|
|
|
ANIL BAMBOLI
PAN:AABPB0026A
|
|
|
MILIND BARVE
PAN:ABGPB6755Q
|
|
|
PRASHANT JAIN
PAN:AACPJ2583K
|
|
|
SHOBHIT MEHROTRA
PAN:AAAPM0737E
|
|
|
YEZDI KHARIWALA
PAN:AACPK8707E
|
|
ALLEGED VIOLATION OF REGULATIONS 10(A), 25(1), 25(2), 25(16), 25(19), 31, 33(1) READ WITH 2(B), 33(4), 39(1), 47 AND 53(B) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF CLAUSES 2, 6 AND 9 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE FIFTH OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,20,46,420 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-APR-2020
|
|
| 6 |
|
|
HDFC ASSET MANAGEMENT CO.LTD.
(PAN:AAACH7614L)
|
|
|
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF PROVISIONS OF (I) REGULATIONS 10(A), 18(9), 18(22) AND 25(16) READ WITH CLAUSE 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF HDFC MUTUAL FUND
ALLEGED VIOLATION OF REGULATION 52 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF HDFC MUTUAL FUND
ALLEGED VIOLATION OF REGULATIONS 25(19) & 47 AND EIGHTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF HDFC MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,78,56,498 VIDE CONSENT ORDER)
04-DEC-2018
|
|
| 7 |
|
|
HDFC TRUSTEE CO.LTD.
(PAN:AAACH7615M)
|
|
|
ALLEGED VIOLATION OF REGULATIONS 2(B), 10(A), 18(7), 18(9), 18(22), 33(4), 39(1), 47, 53(B), 60 AND SCHEDULE EIGHTH UNDER REGULATIONS 25(19) AND 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF CLAUSES 2, 6 AND 9 OF CODE OF CONDUCT SPECIFIED IN SCHEDULE FIFTH OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF DEBT INSTRUMENTS OF ESSEL GROUP OF COMPANIES
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.4,20,46,420 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
16-APR-2020
|
|
| 8 |
|
|
HDFC TRUSTEE CO.LTD.
(PAN:AAACH7615M)
|
|
|
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF PROVISIONS OF (I) REGULATIONS 10(A), 18(9), 18(22) AND 25(16) READ WITH CLAUSE 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF HDFC MUTUAL FUND
ALLEGED VIOLATION OF REGULATION 52 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF HDFC MUTUAL FUND
ALLEGED VIOLATION OF REGULATIONS 25(19) & 47 AND EIGHTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF HDFC MUTUAL FUND
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,78,56,498 VIDE CONSENT ORDER)
04-DEC-2018
|
|
| 9 |
|
|
HSBC ASSET MANAGEMENT (INDIA) PVT.LTD.
(PAN:AABCH0007N)
|
|
|
ALLEGED FAILURE TO HAVE APPROPRIATE CONTROLS IN PLACE TO PREVENT USE OF FUNDS OF ONE SCHEME BY ANOTHER SCHEME OF THE MUTUAL FUND VIOLATING CLAUSE 5 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996AND CLAUSE 1.3.1(C) OF SEBI CIRCULAR NO. SEBI/HO/IMD/DF2//CIR/P/2021/683 DATED 10/12/2021
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.23,92,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAY-2024
|
|
| 10 |
|
|
ICICI PRUDENTIAL ASSET MANAGEMENT CO.LTD.
(PAN:AAACI1000K)
|
|
|
ALLEGED VIOLATION OF REGULATION 25(1), 25(2), 25(16) READ WITH PARA 1 OF FIFTH SCHEDULE OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER IPO OF ICICI SECURITIES LTD.
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.89,96,387 VIDE CONSENT ORDER)
29-NOV-2018
|
|
| 11 |
|
|
IDBI ASSET MANAGEMENT LTD.
(PAN:AACCI2317R)
|
|
|
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
ALLEGED VIOLATION OF SUB REGULATION (1) AND (2) OF REGULATION 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF CLAUSES 2, 8 AND 9 OF FIFTH SCHEDULE UNDER REGULATIONS 25(16) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF REGULATIONS 75A (B) AND 76 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,47,228 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUN-2020
|
|
| 12 |
|
|
IDBI MF TRUSTEE CO.LTD.
(PAN:AACCI2337M)
|
|
|
ALLEGED VIOLATION OF VARIOUS SEBI CIRCULARS/ORDERS
ALLEGED VIOLATION OF CLAUSES 8 AND 9 OF FIFTH SCHEDULE UNDER REGULATIONS 18(22) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF CLAUSES (A), (C), (E), (G), (H) AND (I) OF INVESTMENT VALUATION DIRECTIVES/INSTRUCTIONS/GUIDELINES AS SPECIFIED IN EIGHTH SCHEDULE UNDER REGULATION 47 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
ALLEGED VIOLATION OF REGULATIONS 18(9), 75A(B) AND 76 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.90,47,228 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
01-JUN-2020
|
|
| 13 |
|
|
IIFCL ASSET MANAGEMENT CO.LTD.
(PAN:AACCI9090F)
|
|
|
|
ANIL KUMAR TANEJA
PAN:AABPT8297M
|
|
|
EMANDI SANKARA RAO
PAN:ABRPR1696R
|
|
|
PRASANNA PRAKASH PANDA
PAN:AAPPP5505L
|
|
|
SUMIRAN BANSAL
PAN:ADKPB6803F
|
|
ALLEGED FAILURE IN MAINTENANCE OF VALUATION REPORT OF INVESTMENT IN GVR INFRA PVT.LTD.
ALLEGED FAILURE IN MAKING PROVISIONS RELATING TO INVESTMENT AND VALUATION MANUAL IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DISCREPANCY IN END USE OF PROCEEDS IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN CHARGING ADDITIONAL COUPON DESPITE RATING DOWNGRADE IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE IN KEEPING RECORD TO ENSURE HOW EVENT OF DEFAULT MONITORED AND HOW ANY DEFAULT WITH OTHER LENDERS IDENTIFIED TIMELY IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED DEVIATION IN TIME ALLOWED FOR DEBT SERVICE RESERVE ACCOUNT (DSRA) THROUGH INTERNAL NOTE WITHOUT GETTING DEVIATION APPROVED FROM AMC BOARD IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED NOC SIGNED BY CIO THOUGH CEO WAS AUTHORIZED IN THE MATTER OF GVR INFRA PVT.LTD.
ALLEGED FAILURE TO ENSURE SECURITY CREATION IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO FULFILL DEBT SERVICE COVERAGE RATIO (DSCR) REQUIREMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE TO OBTAIN NOC OR PARI-PASSU LETTERS FROM ALL EXISTING LENDERSIN THE MATTER OF D.P.JAIN & CO.
ALLEGED SHORTFALL IN PLEDGE OF SHARES BY THE COMPANY AND SHORTFALL IN HYPOTHECATION OF TWO GROUP COMPANIES IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST FOR CONDITIONS DEFINED AS “EVENT OF DEFAULT” IN DEBENTURE TRUST AGREEMENT IN THE MATTER OF D.P.JAIN & CO.
ALLEGED DELAY IN PLEDGE OF SHARES HELD BY PROMOTERS IN THE MATTER OF D.P.JAIN & CO.
ALLEGED FAILURE IN CHARGING PENAL INTEREST OF 0.25% OVER COUPON RATE FOR DELAY IN SECURITY CREATION WITH RESPECT TO INVESTMENT IN FEEDBACK INFRA PVT.LTD.
ALLEGED FAILURE IN PLEDGING OF EQUITY SHARES OF FEEDBACK HIGHWAYS OMT PVT.LTD. AND ALL INVESTMENTS INCLUDING IN IL&FS, PENDING DEPLOYMENT OF FUNDS, CONTRARY TO PPMS (PRIVATE PLACEMENT MEMORANDUMS) OF THE SCHEMES
ALLEGED FAILURE IN MAINTENANCE OF DOCUMENT CONFIRMING PORTFOLIO REVIEWED BY INVESTMENT RECOMMENDATION COMMITTEE (IRC)
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.1,02,37,500 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
30-APR-2024
|
|
| 14 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
ALLEGED MUTUAL FUND OFFER DOCUMENT CONTAINED INCORRECT SCHEME NAME AND INFORMATION AND EVEN UNITS WERE ALLOTTED UNDER THE INCORRECT SCHEME NAME VIOLATING REGULATIONS 31 OF SEBI (MUTUAL FUNDS)
ALLEGED ISSUANCE OF SCHEME INFORMATION DOCUMENT WITHOUT MENTIONING OPENING AND CLOSING DATE OF NFO
ALLEGED LATE LISTING OF UNITS VIOLATING REGULATIONS 32 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.91,80,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM ISSUING OF NEW SCHEMES FOR A PERIOD OF ONE YEAR) FROM 29-MAR-2017 TO 28-MAR-2018
29-MAR-2017
|
|
| 15 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) AND 25(19) READ WITH CLAUSES 4, 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 47 READ WITH CALUSES (A) & (B) OF PRINCIPLES OF FAIR VALUATION AS SPECIFIED IN EIGHTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3) AND 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
VIOLATED SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 03/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,07,02,400 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-MAR-2018
|
|
| 16 |
|
|
JP MORGAN ASSET MANAGEMENT INDIA PVT.LTD.
|
|
|
|
NANDKUMAR SURTI
PAN:AALPS8105P
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.27,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAR-2018
|
|
| 17 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DID NOT ADHERE TO SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 DATED 23/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.27,20,000 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
27-MAR-2018
|
|
| 18 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3), 25(16) AND 25(19) READ WITH CLAUSES 4, 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 47 READ WITH CALUSES (A) & (B) OF PRINCIPLES OF FAIR VALUATION AS SPECIFIED IN EIGHTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
ALLEGED VIOLATION OF REGULATIONS 18(15A), 25(3) AND 25(16) READ WITH CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT AS SPECIFIED IN FIFTH SCHEDULE AND REGULATION 50(1) AND CLAUSE 1 OF SEVENTH SCHEDULE VIOLATING OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 IN MATTER OF AMTEK AUTO LTD.
VIOLATED SEBI CIRCULAR NO. SEBI/IMD/CIR NO.5/126096/08 03/05/2008
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.8,07,02,400 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
26-MAR-2018
|
|
| 19 |
|
|
JP MORGAN MUTUAL FUND INDIA PVT.LTD.
|
|
|
ALLEGED MUTUAL FUND OFFER DOCUMENT CONTAINED INCORRECT SCHEME NAME AND INFORMATION AND EVEN UNITS WERE ALLOTTED UNDER THE INCORRECT SCHEME NAME VIOLATING REGULATIONS 31 OF SEBI (MUTUAL FUNDS)
ALLEGED ISSUANCE OF SCHEME INFORMATION DOCUMENT WITHOUT MENTIONING OPENING AND CLOSING DATE OF NFO
ALLEGED LATE LISTING OF UNITS VIOLATING REGULATIONS 32 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.91,80,000 VIDE CONSENT ORDER)
REACHED SETTLEMENT (CONSENT ORDER) (AGREED VOLUNTARILY TO BE DEBARRED FROM ISSUING OF NEW SCHEMES FOR A PERIOD OF ONE YEAR) FROM 29-MAR-2017 TO 28-MAR-2018
29-MAR-2017
|
|
| 20 |
|
|
L&T INVESTMENT MANAGEMENT LTD.
|
|
|
|
JALPAN SHAH
|
|
|
KAILASH KULKARNI
|
|
|
SHRIRAM RAMANATHAN
|
|
|
VIKAS GARG
|
|
ALLEGED FAILURE TO AVOID CONFLICTS OF INTEREST IN MANAGING THE AFFAIRS OF SCHEMES AND TO KEEP THE INTEREST OF ALL THE UNIT HOLDERS PARAMOUNT IN ALL MATTERS
ALLEGED FAILURE TO CARRY OUT BUSINESS AND INVEST IN ACCORDANCE WITH THE INVESTMENT OBJECTIVES STATED IN THE OFFER DOCUMENTS AND TAKE INVESTMENT DECISIONS SOLELY IN THE INTEREST OF UNIT HOLDERS
ALLEGED FAILURE TO RENDER AT ALL TIMES HIGH STANDARDS OF SERVICE, EXERCISE DUE DILIGENCE, ENSURE PROPER CARE AND EXERCISE INDEPENDENT PROFESSIONAL JUDGMENT
ALLEGED FAILURE TO ENSURE THAT THE TRANSFERS OF INVESTMENTS FROM ONE SCHEME TO ANOTHER SCHEME WERE ALLOWED ONLY IF SUCH TRANSFERS WERE DONE AT THE PREVAILING MARKET PRICE FOR THE QUOTED INSTRUMENTS ON SPOT BASIS
ALLEGED FAILURE TO ENSURE THAT VALUATION OF ITS INVESTMENTS MUST ALLOW FAIR TREATMENT TO ALL INVESTORS INCLUDING EXISTING INVESTORS AS WELL AS INVESTORS SEEKING TO PURCHASE OR REDEEM UNITS OF MUTUAL FUNDS IN ALL SCHEMES AT ALL POINTS OF TIME
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.57,03,750 VIDE CONSENT ORDER)
17-FEB-2023
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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