Wilmington Trust Collective Investment Trust on Thursday settled a case with capital markets regulator Sebi related to an alleged violation of foreign portfolio investors’ rules by paying a settlement amount of Rs 64.35 lakh.
The settlement order came after the applicant (Wilmington Trust Collective Investment Trust – Lazard/Wilmington ACW Ex-US Equity Advantage Fund) proposed to settle the instant proceedings initiated against it without “admitting or denying the findings of facts and conclusions of law”.
“In view of the acceptance of the settlement terms, the instant adjudication proceedings initiated against Wilmington Trust Collective Investment Trust – Lazard/Wilmington ACW Ex-US Equity Advantage Fund is disposed of in terms of the settlement regulations on the basis of the settlement terms,” Sebi’s adjudicating officer Barnali Mukherjee said in the order.
The Securities and Exchange Board of India (Sebi) conducted an examination in the matter of delay in intimation of regulato
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