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Investors want paper ballots in Franklin MF voting, overseen by ex-CECs

Investor association seeks changes in Franklin Templeton voting process

Franklin Templeton MF
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The fund house announced the winding up of six schemes on April 23rd.

Sachin P Mampatta Mumbai
An investor association has written to the stock market regulator seeking offline voting options to decide on the winding up of six schemes of Franklin Templeton Asset Management (India). Voting is set to happen electronically between December 26th to December 28th.  This is to be followed by a virtual meeting through video conferencing.

Postal ballots would help senior citizens and others who are not as conversant with electronic means, according to the letter that Midas Touch Investors Association sent to the regulator dated December 8th.  The paper trail makes the process more transparent suggested the note.  

 “…consent be obtained through