https://www.taxtmi.com/caselaws?id=794883 Mandatory mutual-fund regulations require close-ended schemes to be fully redeemed and wound up at maturity unless a prescribed rollover is completed with required disclosures and written unitholder consent. The notes state that relying on collateral and group reputation without adequate analysis of credit, liquidity and interest-rate risks breached the applicable due-diligence standard. Extending security maturities, delaying redemption, and invoking investor gains or absence of loss did not cure the regulatory breach. Failure to disclose material arrangements to unitholders and SEBI, and inadequate trustee oversight, also constituted violations. Penalties were described as sustainable because contravention was sufficient where mens rea was not required, and lack of investor prejudice was not mitigating. en-us Mon, 13 Jul 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794883 Mandatory mutual-fund regulations require close-ended schemes to be fully redeemed and wound up at maturity unless a prescribed rollover is completed with required disclosures and written unitholder consent. The notes state that relying on collateral and group reputation without adequate analysis of credit, liquidity and interest-rate risks breached the applicable due-diligence standard. Extending security maturities, delaying redemption, and invoking investor gains or absence of loss did not cure the regulatory breach. Failure to disclose material arrangements to unitholders and SEBI, and inadequate trustee oversight, also constituted violations. Penalties were described as sustainable because contravention was sufficient where mens rea was not required, and lack of investor prejudice was not mitigating. Case-Laws SEBI Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794883