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Sebi fines 3 entities for flouting venture capital fund rules

Capital markets regulator Sebi on Wednesday slapped a fine of Rs 3 lakh on three entities for failing to wind up India Growth Fund, a scheme of Kotak SEAF India Fund, after completion of its tenure. ....

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SEBI Imposes Rs3 Lakh Penalty on 3 Kotak Group Entities in India Growth Fund Case

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Kotak SEAF India Fund, Kotak Alternate Asset Managers Ltd and Kotak Mahindra Trusteeship Services Ltd (noticees) for violating Venture Capital Funds (VCF) Regulations in the case of India Growth Fund, a scheme by Kotak SEAF India Fund. ....

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