News From Press SEBI order on Franklin Templeton to refund Rs 512 crore stayed by SAT

SEBI order on Franklin Templeton to refund Rs 512 crore stayed by SAT

The matter has been listed on August 30, 2021 for further directions

Source: Financial Express Jun 29, 2021

Franklin Templeton Asset Management (India) on Monday said the Securities Appellate Tribunal (SAT) has stayed Sebi’s order, whereby the regulator had barred the asset management firm from launching any new debt scheme for two years.

In addition, the regulator had asked Franklin Templeton to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to its six debt schemes which are now shut.

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1 Comment

Prashant · 3 years ago `

It seems that SAT is only working for safeguarding AMCs just like SEBI. SEBI under pressure from supreme court got this order and I am sure they knew that SAT will stay it and may be reverse it too. The rich and powerful in this country gets to do whatever they want and all the authorities are only helping them to do all the wrongs.

If what I have mentioned in the above paragraph turns out to be the result than I don't see any future for our country's youth. They will just have to work for these rich and powerful people and pay taxes to the government. And wait for someone to take their hard earned money to get stolen by these rich people.

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