sebi:EAD-5/BS/48-50/2017-18
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Facts / Headnote
Settlement order disposing of adjudication proceedings initiated against the Applicants pursuant to Show Cause Notice Nos. EAD-5/ADJ/SVKM/DS/OW/7420/1/2017, EAD-5/ADJ/SVKM/DS/OW/7421/1/2017 and EAD-5/ADJ/SVKM/DS/OW/7422/1/2017 dated March 31, 2017.
Regulations
- Reg. 17
- Reg. 10
- Reg. 15(1)
Parties
- Principal Mutual Fund
- Principal Trustee Company Pvt. Ltd.
- Principal Pnb asset Management Company Pvt. Ltd.
Holding
The adjudication proceedings against Principal Mutual Fund, Principal Trustee Company Pvt. Ltd. and Principal Pnb asset Management Company Pvt. Ltd. for alleged breach of maximum permissible TER as per Regulations 10(a) and 52(6)(c) of Mutual Fund Regulations are disposed of pursuant to settlement under the Settlement Regulations, 2014.
Full text
Settlement Order in the matter of Principal Mutual Fund. Page 2 of 3 breach of maximum permissible TER as per Regulations 10 (a) and 52(6)(c) of Mutual Fund Regulations.
Settlement Order in the matter of Principal Mutual Fund. Page 3 of 3 6. The undersigned has been appointed as Adjudication Officer in the present matter vide order dated September 15, 2017 in the place of Shri S.V. Krishnamohan.
3. While the adjudication proceedings pursuant to the said SCN were in progress, Applicants, had submitted an applications dated May 23, 2017 with SEBI in terms of SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (hereinafter referred to as the “Settlement Regulations, 2014”) proposing to settle, through settlement
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Source: SecMarx — sebi:EAD-5/BS/48-50/2017-18. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.