Supreme Court: Joint Disciplinary Proceedings Not Mandatory in Cases Involving Multiple Officers || Supreme Court: Transferred Students Cannot Claim Government Fees After College Loses Recognition || Supreme Court: Arbitration Clause Applies When Earlier Agreement is Imported “Body and Soul” || J&K&L High Court: Seasonal Labourers Cannot Be Regularised Amid Government’s Blanket Ban || Delhi High Court: Silence Amid Sustained Vilification May Undermine Public Confidence In Judiciary || Calcutta HC Stays Eastern Railway Eviction Drive Affecting Around 6,000 Slum Dwellers Near Station || J&K&L HC: Repeated Arrests U/S 107 Crpc After UAPA Bail Can be Fresh PSA Detention Grounds || Del HC: Arrest Memo Listing Only Reasons Cannot Substitute Person-Specific Grounds of Arrest || SC: Hostile Witness Testimony Can Support Acquittal as Well, Not Only Conviction || SC: Appointing Candidates on Contract Against Advertised Regular Posts is Patently Illegal

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letter dated September 29,2016, has cancelled the certificate of registration of Alliance Capital Mutual Fund and has withdrawn the approval granted to Alliance Capital Asset Management (India) Private Limited, to act as the Asset Management Company to the Mutual Fund.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 :