https://www.taxtmi.com/caselaws?id=780735 SEBI found the registrant failed the "fit and proper" tests under the AIF and Intermediaries Regulations, having retained over 20% in the AIF manager/sponsor and not divesting within the prescribed six months. Violations of relevant AIF and Intermediaries Regulations were held to jeopardize market integrity. The Board accepted the Enforcement Department's recommendation, cancelled the registrant's AIF-related certificate(s) of registration and barred the entity from accessing or being associated with the securities market, including buying or selling securities, for seven years. en-us Tue, 25 Mar 2025 00:00:00 +0530 Wed, 05 Nov 2025 08:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780735 SEBI found the registrant failed the "fit and proper" tests under the AIF and Intermediaries Regulations, having retained over 20% in the AIF manager/sponsor and not divesting within the prescribed six months. Violations of relevant AIF and Intermediaries Regulations were held to jeopardize market integrity. The Board accepted the Enforcement Department's recommendation, cancelled the registrant's AIF-related certificate(s) of registration and barred the entity from accessing or being associated with the securities market, including buying or selling securities, for seven years. Case-Laws SEBI Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780735