Sahara Mutual Fund

4 matters before the Securities Appellate Tribunal

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

SAT matter SATV-6EAFB33A4EB21F8AABA1D547
Appeal permitted to be withdrawn with liberty to file fresh comprehensive appeal · Misc. Application No. 101 of 2018 and Appeal No. 117 of 2018 disposed of with no order as to costs
Appeal: Appeal No. 117 of 2018 with Misc. Application No. 101 of 2018 disposed of as withdrawn on 26.04.2018 with liberty to file fresh appeal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, 2018
Appeal: Appeal No.127 of 2018 and Appeal No.128 of 2018 disposed on 03.05.2018 with no order as to costs
Sahara Sponsor/AMC/Mutual Fund no longer fit and proper because Promoter-Director Mr. Subrata Roy Sahara is not fit and proper after OFCD refund violations and detention orders.
WTM order dated 28.07.2015 cancelled certificate of registration of Sahara Mutual Fund with consequential transitional directions (under challenge in appeal)
Appeal: Appeal No. 428 of 2015 with Misc. Application No. 188 of 2017 - reserved 27.06.2017, decided 28.07.2017
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 law
Appeal: Appeal Nos. 127 of 2018 and 128 of 2018 disposed of on 03.05.2018 with no order as to costs

Analyse these matters in Ontology · Plans

Source: SecMarx — Sahara Mutual Fund. 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.