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2017-08-11

Merger of MF Schemes: Starred Question in Loksabha

Merger of MF Schemes

(a) whether any violations in the merger of the Mutual Funds (MF) schemes have come to the notice of the Government/Securities and Exchange Board of India (SEBI);
(b) if so, the details thereof during the last three years and the current year, company-wise; and
(c) the action taken by the Government/SEBI against such companies along with the outcome thereof?


GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA

STARRED QUESTION NO: 377                                           ANSWERED ON: 11.08.2017

Merger of MF Schemes

MANSUKHBHAI DHANJIBHAI VASAVA
RAM TAHAL CHOUDHARY

Will the Minister of FINANCE be pleased to state:-

(a) whether any violations in the merger of the Mutual Funds (MF) schemes have come to the notice of the Government/Securities and Exchange Board of India (SEBI);
(b) if so, the details thereof during the last three years and the current year, company-wise; and
(c) the action taken by the Government/SEBI against such companies along with the outcome thereof?

ANSWER
The Minister of Finance (Shri Arun Jaitley)

(a) to (c) : A statement is laid on the Table of the House.

*****

Statement referred to in the reply to LOK SABHA Starred Question no *377 (a to c) raised by Shri Mansukhbhai Dhanjibhai Vasava and Shri Ram Tahal Choudhary, Members of Parliament due reply for 11th August, 2017 regarding “Merger of MF Schemes”

(a) & (b): Securities and Exchange Board of India (SEBI) has not reported any violation with respect to the merger of Mutual Funds (MF) Schemes administered under SEBI (Mutual Funds) Regulations, 1996 and circulars/guidelines issued thereunder regulating the merger of schemes of the mutual funds, in the last three years and the current year thus far.

(c): Does not arise in view of reply given to parts (a) & (b).


*******
http://164.100.47.194/Loksabha/Questions/QResult15.aspx?qref=57563&lsno=16
Source: Loksabha
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