The Chairman,SEBI vs.Shriram Mutual Fund & Anr
In this case SEBI filed an appeal against Appeallate tribluunal, Mumbai. The Tribunal passed an order and judgment which raised a question of law that if once it is conclusively established that the mutual fund company has violated the terms and conditions of certificate of registration and the statutory regulations which is prescribed by SEBI(Mutual Fund) Regulations,1996 then imposition of penalties becomes sine qua non of the violation.
Shriram a mutual fund company was registered under SEBI in the year 1994. It had offered 5 different schemes. But the respondent did not fulfill the necessary conditions and terms which is attached for the certificate of registration. Regulation 15(D)(b) of SEBI Act,1992 deals with this. So,
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It hwas held that, in case of any breach of obligation, penalty in a nature of fine will be imposed irrespective of the fact whether the breach of obligation was made by the defaulter with guilty intention or not.
INVESTORS PROTECTION- ISSUES AND CHALLENGES
ADVANTAGES OF EQUITY MUTUAL FUND:
If we consider with other investment options equity mutual fund is provide maximum benefits to the investors. Asset Management Company that properly invest it’s client fund into the security market as per their objectives which has defined in their prospectus. The fund manager has proper team to research so to make proper planning for investment with strategy and to succeed the highest market return.
The advantages of mutual fund are as follows:
Diversification:
Equity mutual fund gives offer pervasive diversification even for a very small initial investment. For the average and small investors if they want to achieve same portfolio diversification they have to spend huge money. Here the equity fund generally keep less than 1% to 5% of assets in any individual stock.
Professional
The appellant company (Youyang) was trustee of a discretionary trust formed in 1974 for the Hayward family. Minter Ellison Morris Fletcher’s (Minters) had been acting for EC Consolidated Capital Limited (ECCCL) since July 1991, all work in connection with the drafting of the documents relating to the subscription for preference shares in ECCCL was dealt with by Minters. As part of the subscription agreement Youyang deposited $500,000 in Minters trust account. Minters was entitled to release a section of the fund from the trust account to ECCCL for the purchase of a bearer deposit certificate to be issued by Dresdner International Financial Markets (Australia) Ltd (DAL), which could then be traded on the money market. When the certificate was obtained Minters then had the right to release the remainder of the funds to ECCCL based on the subscription agreement.
All the FASB, SEC and EITF provide related information to the case. Despite we must consider the main data. Two contracts, one for
The Board adheres to the applicable laws, rules, codes and standards to ensure the interests of the Mr Price. A risk-based compliance framework has been adopted to ensure that the company complies with all applicable laws.
Mutual Funds are a pool of funds collected from many investors in order to purchase stocks, bonds, and other investments in greater amounts. Mutual funds are shares of ownership in a group of companies.
Issue: Should the Court rule as time-barred the Plaintiff’s claims which he makes under the Massachusetts ‘Blue Sky’ securities fraud statute and as lacking as a matter of law the Plaintiff’s claim on the Defendants’ unfair trade practices?
think of a mutual fund as a company that brings together a group of people and invests
The Alberta Court of Appeal allowed the appeal and dismissed Bhasin’s lawsuit because his pleadings were insufficient and the lower court had erred by implying a term of good faith in the context of an unambiguous contract containing an entire agreement clause (Bhasin v Hrynew, 2013 ABCA 98; additional reasons in 2013 ABCA 180).
The impact that FASB has on the investment community and the level of satisfaction of the investment community as it pertains to these imposed requirements.
Imagine 30 years from now, your child will have taken your place of on the cusp of retirement or have already achieved this goal. Your grandkids are now adults in their prime working age. However there are no longer the jobs available that once were. Automated robots have begun taking over all the jobs that regular people used to have. How do you solve the crisis this creates? A universal basic income or UBI for short is a method I believe Rockingham County should consider because technology is advancing at such a rapid pace jobs are diminishing equally as fast. The proposed plan of a UBI should be able to prevent everyone falling into poverty that isn’t part of the one percent who mass produce and would have immediate access to all of the futuristic automated robotics.
Analysis: Howard Saari had signed a “Uniform Application for Securities Industry Registration as a stipulation of his employoment (Moran, 2014). According to the Form U-4, covered certain requirements for mandatory arbitrations of any kind of issues within registered representative
The program faces some limitations. The interpretations of the statutes are inconsistent. Moreover, the guidelines concerning the interpretations are vague while the procedure for judging the petitions creates uncertainty for the firms (Mehta, 2015).
Breaches are discussed together with the procedures of the PSB in deciding if there is likelihood that either Masri and/or Chen will be found in breach of either of these regulations. Specifically, Chapter 20 Part 8 the Patents Regulations 1991 (Cth) and Part 3 Section 15 (8) of Code of Conduct for Patent and Trade Marks Attorneys.
Money Market Mutual Funds are investments whose purpose is to provide investors with a safe place to invest. They are
Mutual fund also offers good investment opportunities to the investors. Like all investment, they also carry certain risks. The investors should compare the risks and expected yields after adjustment of tax on various instruments while taking investment decisions. The Indian mutual fund industry has witnessed several structural and regulatory reforms.
Mutual funds are an easy, convenient way to invest, without having to worry about choosing individual stocks. A mutual fund can be defined as a single portfolio of stocks, bonds, and/or cash managed by an investment company on behalf of many investors. The investment company manages the fund, and sells shares in the fund to individual investors. When one invests in a mutual fund, they become a part-owner of a large investment portfolio, along with all the other shareholders of the fund. The fund manager invests the contributions when shares are purchased, along with money from the other shareholders. Every day, the fund manager counts up the value of all the fund's holdings, figures out how many shares have been purchased by