SC: Consumers Cannot Bear Power Plant Depreciation Costs When No Electricity Was Supplied || Supreme Court: Para-Teachers’ Regularisation Depends On Educational Standards Set By States || Bombay High Court: State Cannot Withhold Aid to Child Homes While Supporting Ladki Bahin Yojana || Delhi High Court: Husband Cannot Seek to Strike off Wife’s Defence over Unpaid Litigation Costs || Calcutta HC: Bank Accounts Cannot Be Frozen Solely on Complaints Filed Via MHA Cybercrime Portal || J&K&L HC: Unregistered Agreement to Sell Can be Considered For Assessing Possession at Interim Stage || Raj HC: Cybercrime Cases Can't be Quashed Only on Compromise as They Impact Society at Large || Gujarat High Court: Separate Compensation is Payable For Stillborn Child in Railway Accident Case || Delhi HC: Hymen Rupture is Not Required to Prove Penetrative Sexual Assault under the POCSO Act || Delhi HC: Organised Crime Groups Exploit Juveniles, Misuse Juvenile Justice Laws for Serious Crimes

Registration of Alliance Capital Mutual Fund Cancelled- (Securities and Exchange Board of India) (29 Sep 2016)

MANU/SPRL/0138/2016

Capital Market

At the request of Alliance Capital Mutual Fund, Securities and Exchange Board of India (SEBI), vide its letter dated September 29,2016, has cancelled the certificate of registration of Alliance Capital Mutual Fund and has withdrawn the approval granted to Alliance Capital Asset Management (India) Private Limited, to act as the Asset Management Company to the Mutual Fund.

Consequently, with immediate effect, Alliance Capital Mutual Fund, ACAM Trust Company Private Limited and Alliance Capital Asset Management (India) Private Limited cannot carry out any activity as a Mutual Fund, Trustee Company or Asset Management Company respectively.

Tags : CERTIFICATE REGISTRATION CANCELLATION

Share :