{"id":6160,"date":"2020-05-29T00:36:17","date_gmt":"2020-05-29T00:36:17","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=6160"},"modified":"2020-05-29T00:37:18","modified_gmt":"2020-05-29T00:37:18","slug":"franklin-mutual-fund-investors-send-legal-notice-to-sebi","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/franklin-mutual-fund-investors-send-legal-notice-to-sebi\/","title":{"rendered":"Franklin Mutual Fund Investors send legal notice to SEBI"},"content":{"rendered":"<p style=\"text-align: left\">The investors of <a href=\"http:\/\/www.franklintempletonindia.com\">Franklin Templeton Mutual Fund<\/a> have sent a notice to <a href=\"http:\/\/www.sebi.gov.in\">SEBI<\/a>, Mr. Ajay Tyagi, Chairman SEBI,\u00a0G Mahalingam\u00a0Whole Time Member,\u00a0S V Murali Dhar Rao, Executive Director,\u00a0Madhabi Puri Buch,\u00a0Whole Time Member,\u00a0S. K. Mohanty,\u00a0Whole Time Member and\u00a0Ananta Barua,\u00a0Whole Time Member.<\/p>\n<p style=\"text-align: left\">The investors are seeking that it appoints an administrator to oversee the management of the fund house and evolve a mechanism for timely payouts to unit holders.<\/p>\n<p>The notice also sought proactive and immediate action by SEBI to prevent blatant and continued violations of SEBI (Mutual Fund) Regulations, 1996 by M\/s Franklin Templeton in which it has failed for more than 35 days locking up 35000 Crores of wealth of 3.5 Lakh Investors.<\/p>\n<p>It also included demands like\u00a0Issue necessary directions to M\/s Franklin Templeton AMC to immediately make good all amounts that have been paid and repatriated by it to M\/s Franklin Resources Inc.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investors of Franklin Templeton Mutual Fund have sent a notice to SEBI, Mr. Ajay Tyagi, Chairman SEBI,\u00a0G Mahalingam\u00a0Whole Time Member,\u00a0S V Murali Dhar Rao, Executive Director,\u00a0Madhabi Puri Buch,\u00a0Whole Time Member,\u00a0S. K. Mohanty,\u00a0Whole Time Member and\u00a0Ananta Barua,\u00a0Whole Time Member. The investors are seeking that it appoints an administrator to oversee the management of the fund [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3454,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,5,31],"tags":[4222,2010,66],"class_list":["post-6160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","category-markets","category-news","tag-franklin-templeton","tag-mutual-fund","tag-sebi"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franklin Mutual Fund Investors send legal notice to SEBI - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/franklin-mutual-fund-investors-send-legal-notice-to-sebi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Mutual Fund Investors send legal notice to SEBI - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"The investors of Franklin Templeton Mutual Fund have sent a notice to SEBI, Mr. Ajay Tyagi, Chairman SEBI,\u00a0G Mahalingam\u00a0Whole Time Member,\u00a0S V Murali Dhar Rao, Executive Director,\u00a0Madhabi Puri Buch,\u00a0Whole Time Member,\u00a0S. 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