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SEBI observer flags discrepancies in voting on Franklin Templeton debt funds closure January 20, 2021 × There were significant variations in e-voting process followed by FTMF vis-à-vis that prescribed under the Companies Act TS Krishnamurthy, the SEBI-appointed observer to monitor the e-voting conducted by Franklin Templeton Mutual Fund (FTMF) with regard to the closure of six debt schemes, has highlighted a number of ‘discrepancies’ in his report submitted to the Supreme Court. FTMF had recently declared that 96 per cent its unit-holders had voted for the voluntary closure of the schemes, which together held over ₹26,000 crore. Krishnamurthy, who was India’s 13th Chief Election Commissioner, told the apex court: “There were significant variations in the e-voting process followed by FTMF vis-à-vis prescribed under the Companies Act.” Since the SEBI (MF) Regulations, 1996 did not contain specific rules on ‘e-voting or conduct of meeting of unit-holders’, the C

Karvy fintechAlok sethiFranklin templeton trustee servicesSupreme courtCompanies actFranklin templeton mutual fundChief election commissionerThe votingFranklin templeton debt fundsகார்வி ஃபிண்டெக்அலோக் சேதிபிராங்க்ளின் கோயில் அறங்காவலர் சேவைகள்உச்ச நீதிமன்றம்நிறுவனங்கள் நாடகம்பிராங்க்ளின் கோயில் பரஸ்பர நிதிதலைமை தேர்தல் ஆணையர்