Franklin Templeton

The Supreme Court on Friday upheld the validity of the e-voting process where consent was given by unit-holders of the six schemes of Franklin Templeton

Supreme Court has permitted Franklin Templeton Trustees to call a meeting of its unitholders to seek their consent for the closure of 6 mutual fund schemes during the Covid-19 pandemic while ordering a stay on requests of redemption from investor.

The Karnataka High Court today ruled that Franklin Templeton trustees should not take any action on the winding up of its six schemes till a simple majority consent of unit holders is obtained.

Delhi High Court on Monday issued notice to the Trustee and Asset Management Company of Franklin Templeton Mutual Fund and SEBI on the plea of writ petitioner Amruta Garg, challenging the Winding Up notice to close its 6 debt funds.

The first signs of strai...