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Franklin Templeton tells Supreme Court will not launch new debt scheme till SAT decides on plea
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Franklin Templeton MF: SC Rules SAT Order Asking FTMF to Deposit Rs250 Crore is Fair
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Franklin Templeton complies with conditions prescribed in SAT order
By IANS |
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Franklin Templeton Mutual Fund.. Image Source: IANS News
New Delhi, July 18 : Franklin Templeton Asset Management (India) has said that it has complied with the conditions prescribed by the Securities Appellate Tribunal (SAT) in its order pertaining to the restrictions imposed by SEBI on the fund house.
On June 28, SAT had stayed SEBI s decision to bar Franklin Templeton India from launching new debt schemes for two years.
In a letter to investors, Sanjay Sapre, the President, Franklin Templeton Asset Management (India) Pvt. Ltd. said: The restriction on launching any new debt schemes for a period of two years shall remain stayed during the pendency of the appeal. We have complied with the conditions prescribed in the SAT order and the matter is listed on August 30, 2021, for further hearing.
10 things to know before the opening bell on July 16 CNBCTV18 10 hours ago © Provided by CNBCTV18 Wall Street rises at open on hopes of progress in stimulus talks
1. Wall Street: Stocks closed lower on Thursday, pulling major indexes a bit further below the record highs they marked at the start of the week. The S&P 500 fell 0.3 percent and DJIA rose 0.2 percent. The tech-heavy Nasdaq, on the contrary, fell 0.7 percent.[/caption]
[caption id= attachment 4982331 align= aligncenter width= 1024 ] © Provided by CNBCTV18 Vaccine news triggers cash dump on emerging markets - IIF
2. Asian stocks: Shares in Asia-Pacific mostly fell in Friday morning trade as investors await the Bank of Japan’s monetary policy statement. The Nikkei 225 in Japan fell 0.84 percent. South Korea’s Kospi declined 0.52 percent. In mainland China, the Shanghai Composite dipped 0.15 percent. The Hang Seng index in Hong Kong advanced 0.16 percent. Australia’s S&P/ASX 200 edged about 0.1 percen
Franklin Templeton Case: SEBI Moves Supreme Court Against SAT Order
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