Union KBC Asset Management Company, its chief executive G Pradeepkumar and two others on Wednesday settled proceedings with Sebi in connection with alleged violation of mutual fund norms after paying over Rs 50 lakh towards settlement fee.
Sebi agreed to settle proposed adjudication proceedings in the case, pertaining to violation of the mutual fund norms, after it was approached by Union KBC AMC, Union Mutual Fund, Union KBC Trustee Company and Pradeepkumar with a plea under the settle ..
