July 02, 2021 11:50 am
In an appeal heard by the Securities Appellate Tribunal on Thursday, Kudva argued he acted only on public information. SEBI objected to his position, but the tribunal judges decided to put the ban on hold while his appeal his heard.
June 29, 2021 12:56 am
In an interim order, the tribunal cut the amount to be disgorged to Rs 250 crore, saying Rs 512 crore was excessive, and asked FT to deposit Rs 250 crore in an escrow account.
June 15, 2021 3:13 am
The regulator has slapped a fine of Rs 3 crore on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Sapre and chief investment officer Santosh Kamat.
June 15, 2021 7:23 am
Sebi said it had found several irregularities in the running of the schemes, which impacted the interests of unitholders, and that FT MF had violated provisions of Mutual Funds Regulations and certain Sebi circulars.
June 10, 2021 4:32 pm
In an e-mail dated June 8 to investors, Franklin Templeton AMC President Sanjay Sapre said Sebi's order does not impact the current monetization process of the six debt schemes under winding up being undertaken by the liquidator.
June 10, 2021 9:50 am
On Monday, Sebi barred the fund house from launching any debt scheme for 2 years, and asked it to disgorge Rs 512.5 crore for violation in connection with the shutting down of six debt schemes last year. It has imposed a penalty of Rs 5 crore on the AMC.
June 08, 2021 10:51 am
Reacting to Sebi's order, a Franklin Templeton spokesperson said, "We strongly disagree with the findings in the Sebi order and intend to file an appeal with the Hon'ble Securities Appellate Tribunal".
June 07, 2021 11:58 pm
The regulator said that Franklin Templeton Mutual Fund has violated the provisions of the Mutual Funds Regulations and also certain Sebi circulars.
March 14, 2021 4:19 am
This comes following reports of the Securities and Exchange Board of India (Sebi) issuing show-cause notices to Templeton and its officials with regards to practices around risk management, inter-scheme transfers and personal transactions by employees and management, among others.
February 12, 2021 1:31 pm
The top court had on February 2 ordered that Rs 9,122 crore be disbursed within three weeks to the unit holders of Franklin Templeton's six mutual fund schemes which are proposed to be wound up.