Calcutta HC Confirms KMC Can Revise Property Valuation to Levy Tax In ?11.24 Crore Dispute || Bom HC Cancels Bail of Accused Supplying Fake Medicines, Says it Weakens Public Trust in Healthcare || MP HC: Oral, Anal Sex Between Married Couples Not Punishable under Section 377 IPC || SC Says Respect For Higher Court Orders a Basic Principle, Rebukes Authority For Revisiting Order || SC: Merits of Foreign Arbitral Awards Cannot be Re-Examined During Enforcement Proceedings || SC: Failure to Sign Charge Sheet Doesn’t Invalidate Trial if Charges Were Properly Read to Accused || Delhi HC: Bipolar Disorder Alone Does Not Qualify as Medical Disability Without Benchmark Criteria || Kerala HC: Excommunicating Knanaya Catholics For Marrying Outside the Community is Unconstitutional || Kerala HC: Temporary Use of Religious Land For Public Infrastructure is Not a ‘Transfer’ under Law || P&H HC: Habeas Plea in Child Custody Case Not Maintainable if Child is With Natural Guardian and Safe

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letter dated September 29,2016, has cancelled the certificate of registration of Alliance Capital Mutual Fund and has withdrawn the approval granted to Alliance Capital Asset Management (India) Private Limited, to act as the Asset Management Company to the Mutual Fund.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