News From Press SEBI observer flags discrepancies in voting on Franklin Templeton debt funds closure

SEBI observer flags discrepancies in voting on Franklin Templeton debt funds closure

There were significant variations in e-voting process followed by FTMF vis-à-vis that prescribed under the Companies Act.

Business Line Jan 21, 2021

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.

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