InvestorQ : Is Franklin Templeton planning legal recourse against the SEBI order against FT?
Dilmini Mercia made post

Is Franklin Templeton planning legal recourse against the SEBI order against FT?

Answer
image
Dawn Cherian answered.
1 week ago
Follow

As expected, Franklin Templeton will approach SAT against the SEBI order which had barred the AMC from launching fresh debt schemes for 2 years. In addition, to a penalty of Rs.5 crore, SEBI had also ordered the disgorgement of management fees of Rs.512 crore over last 2 years. The disgorged amount will be used to refund money to cover investor losses.

The SEBI order accused Templeton of severe lapses and senior officials including Vivek Kudva of unfair practices. SEBI may be largely justified on the need to set a deterrent example so mutual funds are more wary in the future.

2 Views