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The Karnataka High Court will shortly resume the hearing on plea challenging the validity of #SEBI (Mutual Funds) Regulation, 1996 pertaining to winding up of MF schemes Regulation 39 to 41.
@sradvravindra @sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton
@sradvravindra @sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton
Yesterday, Sr. Adv. @sradvravindra appearing on behalf of the Petitioner pointed out that in a press release #SEBI condemning the actions of some MF schemes.
@sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
He cited the #SEBI press release which said that some MF houses have chosen to high concentration of high risk, unlisted debt securities with low credit ratings and did not rebalance their portfolios even during 12 months available to them.
#gslupdates #franklintempleton
#gslupdates #franklintempleton
The Karnataka HC will shortly resume the hearing on plea challenging #SEBI (Mutual funds) regulations, 1996 regarding the winding up of MF schemes, Regulation 39 to 41.
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
Yesterday, Sr. Adv. Mr. Ravindra Shrivastava pointed out that the winding up of the mutual fund schemes have put a clog on the redemption on the units.
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
This clog on redemption is a change in the fundamental attribute of the scheme.
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
