https://www.taxtmi.com/caselaws?id=470179 Mutual fund managers must assess issuer entities' financial strength, repayment capacity, cash flows and debt-servicing ability, rather than rely primarily on group reputation and pledged shares. Closed-ended schemes must invest in securities maturing by the scheme's maturity; extending debentures and making partial redemptions without unit-holder consent breaches the Mutual Fund Regulations and is not a permitted roll-over. Material adverse developments, including reduced pledge cover, require timely and independent disclosure to unit holders. Disgorgement requires proof of wrongful gain or loss averted and cannot rest solely on deficient services or regulatory breaches, although those breaches may justify monetary penalties. en-us Fri, 06 Mar 2026 00:00:00 +0530 Sat, 18 Jul 2026 20:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470179 Mutual fund managers must assess issuer entities' financial strength, repayment capacity, cash flows and debt-servicing ability, rather than rely primarily on group reputation and pledged shares. Closed-ended schemes must invest in securities maturing by the scheme's maturity; extending debentures and making partial redemptions without unit-holder consent breaches the Mutual Fund Regulations and is not a permitted roll-over. Material adverse developments, including reduced pledge cover, require timely and independent disclosure to unit holders. Disgorgement requires proof of wrongful gain or loss averted and cannot rest solely on deficient services or regulatory breaches, although those breaches may justify monetary penalties. Case-Laws SEBI Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470179