| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
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
|
|
| 2 |
|
|
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
|
|
| 3 |
|
|
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
|
| 4 |
|
|
ESCORTS MUTUAL FUND
|
|
|
FAILED TO SUBMIT ANNUAL REPORT TO SEBI WITHIN STIPULATED TIME
|
IMPOSED PENALTY RS.52,000
25-JUN-2001
|
SAT: APPEAL ALLOWED
|
| 5 |
|
|
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
|
|
| 6 |
|
|
HSBC MUTUAL FUND
|
|
|
DID NOT PROVIDE TIMELY INFORMATION TO INVESTORS/UNITHOLDERS ABOUT CHANGES IN INVESTMENT POLICIES, OBJECTIVES AND DURATION OF SCHEME ETC AS REQUIRED UNDER CLAUSES 2,6 AND 9 OF CODE OF CONDUCT AND REGULATION 25(1) OF MUTUAL FUNDS REGULATIONS, 1996
DID NOT ADHERE TO PROVISIONS OF MUTUAL FUNDS REGULATIONS, DIRECTIVES/INSTRUCTIONS/GUIDELINES AND CIRCULARS ISSUED FROM TIME TO TIME AS REQUIRED UNDER 25(6A) OF MUTUAL FUNDS REGULATIONS, 1996
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
23-APR-2010
|
SAT: SAT VIDE ITS ORDER DATED 03/05/2011 DIRECTED TO COMPLY WITH REGULATION 18(15A) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996 QUA THE APPELLANTS AND PROVIDE THEM WITH AN EXIT ROUTE
|
| 7 |
|
|
ICICI PRUDENTIAL 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
|
DIRECTED TO ABIDE STRICTLY BY STIPULATIONS ON ADVERTISEMENTS BY MUTUAL FUNDS, ISSUED BY SEBI
17-MAR-2010
|
|
| 8 |
|
|
INDIAN BANK MUTUAL FUND
|
|
|
RETURNS TO UNITHOLDERS NOT PAID AS COMMITTED IN OFFER DOCUMENTS
|
DIRECTED TO PAY RETURNS TO UNITHOLDERS
01-DEC-1999
|
|
| 9 |
|
|
J.P.MORGAN MUTUAL FUND
|
|
|
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
|
|
| 10 |
|
|
J.P.MORGAN MUTUAL FUND
|
|
|
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
|
|
| 11 |
|
|
J.P.MORGAN MUTUAL FUND
|
|
|
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
|
|
| 12 |
|
|
L&T MUTUAL FUND
|
|
|
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE AND CARE BY NOT TAKING ADEQUATE MEASURES TO ENSURE NON-LEAKAGE OF INFORMATION PERTAINING TO ITS TRADING STRATEGY
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.10,00,000 VIDE CONSENT ORDER)
16-DEC-2010
|
|
| 13 |
|
|
PRINCIPAL MUTUAL FUND
(PAN:AAATP6607N)
|
|
|
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
|
|
| 14 |
|
|
RELIANCE MUTUAL FUND
|
|
|
DID NOT FILE ADVERTISEMENT OF NFO WITHIN STIPULATED TIME AS REQUIRED UNDER REGULATION 30(1) OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
DISPLAY AND VOICE-OVER STANDARD WARNING IN AUDIO VISUAL OF ADVERTISEMENT OF NFO WAS NOT AS PER STANDARDS AND IT WAS OF LESS THAN FIVE SECONDS AS REQUIRED UNDER REGULATION 77 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
DIRECTED TO WITHDRAW ADVERTISEMENT OF NFO OF RELIANCE INFRASTRUCTURE FUND OF RELIANCE MUTUAL FUND
03-JUN-2009
|
DIRECTED TO ABIDE STRICTLY BY STIPULATIONS ON ADVERTISEMENTS BY MUTUAL FUNDS,ISSUED BY SEBI, BOTH IN LETTER AND SPIRIT, VIDE ORDER DATED 12/01/2010
|
| 15 |
|
|
RELIGARE MUTUAL FUND
|
|
|
DISPLAY AND VOICE-OVER STANDARD WARNING IN AUDIO VISUAL OF ADVERTISEMENT OF NFO WAS NOT AS PER STANDARDS AND IT WAS OF LESS THAN FIVE SECONDS AS REQUIRED UNDER REGULATION 77 OF SEBI (MUTUAL FUNDS) REGULATIONS, 1996
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
09-FEB-2010
|
|
| 16 |
|
|
SBI MUTUAL FUND
(PAN:AAACS7339D)
|
|
|
ALLEGED FAILURE IN EXERCISING DUE DILIGENCE AND PROPER CARE IN CONDUCT OF ITS BUSINESS VIOLATING OF CLAUSES 6, 8 AND 9 OF CODE OF CONDUCT PRESCRIBED FOR TRUSTEES AND ASSET MANAGEMENT COMPANIES READ WITH REGULATIONS 18(22), 25(16), 25(2), 25(3) AND 50(2) OF SEBI (MUTUAL FUND) REGULATIONS, 1996 IN MATTER OF PADMINI TECHNOLOGIES LTD.
ALLEGED PURCHASE OF SHARES IN OFF-MARKET TRANSACTIONS VIOLATING SEBI CIRCULAR NO.SMDRP/POLICY/CIR/32/99 DATED 14/09/1999
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.14,05,12,795, PAID TO IEPF RS.62,04,510 VIDE CONSENT ORDER)
28-SEP-2018
|
|
| 17 |
|
|
SHRIRAM MUTUAL FUND
|
|
|
VIOLATED REGULATIONS 53(B) AND 44(1) OF SEBI (MUTUAL FUNDS) REGULATIONS
|
IMPOSED PENALTY RS.5,00,000
09-OCT-2000
|
SAT: IMPUGNED ORDER MODIFIED BY REDUCING PENALTY AMOUNT TO RS.2,50,000 FROM RS.5,00,000
|
| 18 |
|
|
UNION KBC MUTUAL FUND
|
|
|
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. |
