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The Economic Times

Business

Singularity AMC pays over Rs 40 lakh to settle AIF rule violation case with Sebi

Mumbai-based Singularity AMC has settled two cases with the capital market regulator Sebi over alleged violations of alternative investment fund norms by paying Rs 40.5 lakh in settlement charges.

In two separate settlement orders passed on Friday, Sebi said Singularity AMC LLP paid Rs 9.37 lakh to settle a case involving Singularity Equity Fund and Rs 31.12 lakh for alleged violations involving three schemes of Singularity Growth Opportunities Fund.

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