Home / Markets / News / Franklin Templeton trustees call EGM to consider indemnity for directors

Franklin Templeton trustees call EGM to consider indemnity for directors

Recently, the Securities and Exchange Board of India (Sebi) has ordered an audit of the six schemes under wind-up by FT MF.

Premium

The fund house has appealed to Supreme Court to hear matter pertaining to Gujarat High Court’s (HC) stay order on the e-voting process

Jash Kriplani Mumbai

3 min read Last Updated : Jun 18 2020 | 1:46 AM IST

Franklin Templeton Trustee Services has called for an extraordinary general meeting (EGM) on Thursday. A resolution will be considered to grant indemnity to directors of the trustee company, in relation to any liability with the decision to wind up six debt schemes of the mutual fund (MF) arm.

The notice for the EGM read, “… in accordance with the articles of association of FT Trustee Services (the company), the company shall indemnify all directors to the fullest extent permitted by such articles and applicable law, in connection with liability that any of them may incur in connection with the

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in