Franklin Templeton case: Consent of shareholders needed for shutting down debt schemes, says SC

UPSC Practice recommends Franklin Templeton case: Consent of shareholders needed for shutting down debt schemes, says SC.

SC bench dealt with the interpretation of rules and regulations on the issue, and not with the facts of the case related to the winding up of the six mutual fund schemes of Franklin Templeton.

Courtesy: News-Economic Times

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