SEBI settles Accuracap AIF violations for Rs 21.75 lakh, closes enforcement proceedings

• SEBI settled enforcement proceedings against Accuracap Prime Opportunities Fund, its manager, and key personnel.
• A settlement amount of Rs 21.75 lakh was paid by the applicants for regulatory violations.
• Violations included failure to maintain minimum corpus, not redeeming units, and breaching investment concentration norms.
• Key managerial personnel Naresh Chand Gupta, Raman Nagpal, Prateek Gupta, and Divya Singhal were also implicated.
• SEBI clarified no further action for cited violations, but reserves the right to reopen proceedings.