Modulus Alternatives pays Rs 10.87 lakh to settle AIF violation case with Sebi

Modulus Alternatives Investment Managers has settled with Sebi for alleged AIF norm violations. The private credit platform paid Rs 10.87 lakh towards settlement charges to resolve the case. Sebi found Modulus Alternatives breached continuing interest criteria under AIF regulations. The company filed a settlement application without admitting or denying the findings. Sebi confirmed the settlement and will not initiate further enforcement actions.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *