https://www.taxtmi.com/caselaws?id=464583 SEBI Board held that the Domestic Scheme, though not launched under MF Regs, 1996, qualified as a domestic mutual fund scheme and the Noticee's investment therein was a permitted investment; allegations under Reg 21 of FPI Regs, 2014 were not established. Claims that the Noticee unduly gained by avoiding bidding fees and violated the Sep 13, 2013 circular and Regs 23(1)(a) and 21(5) were rejected based on auction results. Alleged breach of the Feb 03, 2015 circular and Reg 23(1) concerning money market investments was also not sustained. Allegations about broad-based fund status were dropped and the SCN was disposed of without directions. en-us Tue, 12 Sep 2023 00:00:00 +0530 Wed, 05 Nov 2025 13:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464583 SEBI Board held that the Domestic Scheme, though not launched under MF Regs, 1996, qualified as a domestic mutual fund scheme and the Noticee's investment therein was a permitted investment; allegations under Reg 21 of FPI Regs, 2014 were not established. Claims that the Noticee unduly gained by avoiding bidding fees and violated the Sep 13, 2013 circular and Regs 23(1)(a) and 21(5) were rejected based on auction results. Alleged breach of the Feb 03, 2015 circular and Reg 23(1) concerning money market investments was also not sustained. Allegations about broad-based fund status were dropped and the SCN was disposed of without directions. Case-Laws SEBI Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464583