SEBI settles with Eight Innovate Investment Trust I for failing to maintain pro-rata sponsor/manager contributions from June-Dec 2024.
Violations include AIF Regulations 10(d) and Master Circular clause 11.1.2 regarding mandatory contribution requirements.
All parties jointly paid ₹12.75 lakh settlement amount to avoid enforcement proceedings for the regulatory breaches.
Settlement order prevents future enforcement action but reserves SEBI's right to act if representations prove untrue.