Franklin Templeton MF to conduct e-voting for 6 shut schemes on Dec 26-28
Trustee has partnered with 'K Fintech for electronic voting process and unitholders meeting to seek their content. Voting will take place on December 26-28 and meeting of unitholders of relevant schemes on December 29
- Dec 7, 2020,
- Updated Dec 7, 2020 4:09 PM IST
The Trustee of Franklin Templeton Mutual Fund in India has approached unitholders to seek consent for the winding up of the six fixed income schemes. A statement from the company says the consent has been sought under regulation 18 (15)(c) of SEBI (Mutual Funds) Regulations 1996 and as per the interim order issued by the Supreme Court on December 3.
The Trustee has partnered with 'K Fintech for the electronic voting process and the unitholders meeting to seek their content. Voting will take place on December 26-28 and the meeting of unitholders of the relevant schemes on December 29.
Franklin Templeton President Sanjay Sapre said: "We seek unitholders' constant for the orderly winding up and believe this will result in the best outcome. Unitholders' vote in favour of the orderly winding up allows us to maximise the return of the investment value without restricting to an emergency liquidation of securities."
The voting aims to seek majority consent of unitholders to wind up the six fixed income schemes in an orderly fashion. The company said the consent will be sought for each scheme separately.
The Trustee of Franklin Templeton Mutual Fund in India has approached unitholders to seek consent for the winding up of the six fixed income schemes. A statement from the company says the consent has been sought under regulation 18 (15)(c) of SEBI (Mutual Funds) Regulations 1996 and as per the interim order issued by the Supreme Court on December 3.
The Trustee has partnered with 'K Fintech for the electronic voting process and the unitholders meeting to seek their content. Voting will take place on December 26-28 and the meeting of unitholders of the relevant schemes on December 29.
Franklin Templeton President Sanjay Sapre said: "We seek unitholders' constant for the orderly winding up and believe this will result in the best outcome. Unitholders' vote in favour of the orderly winding up allows us to maximise the return of the investment value without restricting to an emergency liquidation of securities."
The voting aims to seek majority consent of unitholders to wind up the six fixed income schemes in an orderly fashion. The company said the consent will be sought for each scheme separately.