Sahara Asset Management Company Pvt. Ltd.
Penalties and directions recorded
- One Life Capital Advisors to make fresh application for SEBI approval as sponsor via 100% equity purchase of Sahara AMC
- SEBI not to enforce impugned orders till decision communicated plus one week if application timely filed
- One Life Capital Advisors to make fresh application for SEBI approval as sponsor via 100% equity purchase of Sahara AMC
- SEBI not to enforce impugned orders till decision communicated and one week thereafter if application timely
SAT-appeal
- SEBI orders on approval of One Life Capital Advisors as sponsor of Sahara Mutual Fund via 100% acquisition of Sahara AMC; merits not examined.One Life Capital Advisors to make fresh application for SEBI approval as sponsor via 100% equity purchase of Sahara AMC · SEBI to consider fresh application on merits and in accordance with law if filed on or before May 10, 2018Appeal: Appeal No.127 of 2018 and Appeal No.128 of 2018 disposed on 03.05.2018 with no order as to costs
- SEBI approval for One Life Capital Advisors to become sponsor by purchasing 100% equity of Sahara AMC; impugned SEBI orders had not gone into merits.One Life Capital Advisors to make fresh application for SEBI approval as sponsor via 100% equity purchase of Sahara AMC · SEBI to consider fresh application on merits and in accordance with lawAppeal: Appeal Nos. 127 of 2018 and 128 of 2018 disposed of on 03.05.2018 with no order as to costs
Source: SecMarx — Sahara Asset Management Company Pvt. Ltd.. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.