Supreme Court · 2021 INSC 87 · Decided 12 February 2021
Franklin Templeton Trustee Services Private Limited and Another v. Amruta Garg and Others Etc
- Court
- Supreme Court of India
- Citation
- 2021 INSC 87 · [2021] 14 S.C.R. 573
- Case number
- CIVIL APPEAL No. 498/2021
- Decided
- 12 February 2021
- Bench
- S. ABDUL NAZEER, SANJIV KHANNA (2-judge bench)
- Outcome
- Directions issued
- Case type
- Civil
Headnote
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 - Regulation 18(15)(c), 39(2)(a) - Winding up of Mutual Fund Schemes - Consent of unitholders - Held: For the purpose of clause (c) to Regulation 18(15), consent of the unitholders by majority of the unitholders who have participated in the poll, and not consent of majority of all the unitholders of the scheme - In the present case, the objections to poll results rejected - Unitholders of the six schemes have given their consent by majority to wind up the six
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