IIFCL AMC, Others Settle SEBI Case

06 May 2024 CW Team

The Infrastructure Investment Finance Company Asset Management Company (IIFCL AMC) and four other entities have reached a settlement with the Securities and Exchange Board of India (SEBI) regarding a mutual fund violation case. As part of the settlement, they have collectively agreed to pay Rs 10 million to SEBI.

The settlement marks the resolution of allegations of mutual fund violations against IIFCL AMC and the other entities. SEBI had initiated proceedings against them for purportedly violating regulations related to mutual funds.

While the details of the alleged violations were not disclosed, the settlement amount of Rs 10 million indicates the seriousness of the allegations and the parties' willingness to resolve the matter amicably.

The resolution of the case underscores the importance of regulatory compliance in the mutual fund industry. It also highlights SEBI's commitment to enforcing regulations and ensuring transparency and accountability in the financial markets.

As IIFCL AMC and the other entities settle the case with SEBI, they are expected to review their internal processes and procedures to prevent similar violations in the future. Compliance with regulatory requirements is crucial for maintaining investor trust and confidence in the mutual fund industry.

The settlement with SEBI brings closure to the mutual fund violation case for IIFCL AMC and the other entities involved. Moving forward, they will likely focus on strengthening their compliance mechanisms to adhere to regulatory standards and uphold market integrity.

Infrastructure Energy

17 Sep 2025

NARCL Sells Rs 37.63 Billion of Wind World Debt to Omkara ARC

The National Asset Reconstruction Company Limited (NARCL) has successfully sold Rs 37.63 billion of Wind World’s outstanding debt, marking a significant step in managing stressed assets within India’s renewable energy sector. The transaction forms part of wider efforts to resolve non-performing loans and bolster financial stability in the industry.Omkara ARC emerged as the anchor bidder in the deal, demonstrating strong investor interest in renewable energy debt. Anchor bidders play a vital role in ensuring successful debt resolution and attracting participation from other investors in suc..

Madhya Pradesh Targets 50 Per Cent Power From Renewable Sources

Madhya Pradesh is ramping up its green energy generation, aiming for renewable sources to account for 50 per cent of the state’s total power consumption, a senior official has announced.“Renewable energy cannot be ignored. Solar power is now a viable option, and we are committed to significantly enhancing green energy generation in Madhya Pradesh, targeting 50 per cent of total power consumption from renewable sources,” said Manu Srivastava, Additional Chief Secretary of Madhya Pradesh Urja Vikas Nigam, on Friday.Speaking at the inaugural session of the 8th GRIHA Regional Conclave in Bho..

High-Speed Expressway to Cut Ayodhya–Varanasi Travel to Two Hours

Travel between Ayodhya and Varanasi is set to become faster and more convenient, as the National Highways Authority of India (NHAI) begins planning a nearly 200-km high-speed access-controlled expressway connecting the two cities. The tender process has been initiated to prepare the Detailed Project Report (DPR) for the project.Former MP Lallu Singh stated, “Upon completion, the distance from Ayodhya to Kashi can be covered in just two hours.” He added, “The expressway will connect to the Purvanchal Expressway, further enhancing connectivity from Ayodhya to Delhi.”The Ministry of Road ..