Shareholders nod must for closing debt schemes: SC

Tribune Web Desk

Updated At : 01:25 PM Jul 15, 2021 IST

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New Delhi, July 14

In a key verdict, the Supreme Court on Wednesday held that the consent of majority unit holders will be required before closing debt schemes and markets regulator SEBI will have the power to intervene if the trustees violate the regulations.

The ruling came on pleas, including the appeal filed by Franklin Templeton, against the Karnataka High Court order restraining it from winding up its six MF schemes without getting the consent of its investors. — PTI

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