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CFMA bats for recovery of remaining Rs 7K cr of FTMF unitholders of 6 shut schemes

CFMA bats for recovery of remaining Rs 7K cr of FTMF unitholders of 6 shut schemes
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CFMA to Move SC to Scrap Franklin Templeton E-Voting on 6 Shut Funds

CFMA to Move SC to Scrap Franklin Templeton E-Voting on 6 Shut Funds
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Chennai Financial Markets and Accountability (CFMA), an investor protection body, said it would move an urgent interim application in the Supreme Court on Monday, seeking to nullify the entire e-voting process initiated by Franklin Templeton Mutual Fund (FTMF) on its six shut debt funds.
The investor body alleged that the announcement by the Securities and Exchange Board of India (SEBI) of appointing former Chief Election Commissioner T.S. Krishnamurthy as an observer was an eyewash as it came after the e-voting began on Saturday. It is against the letter and spirit of the order passed by the Supreme Court on December 9. It is akin to appointing a presiding officer after the election, it added. ....

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