# Modulus Alternatives pays Rs 10.87 lakh to settle Sebi case 2026-08-06T17:56:12+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Modulus Alternatives Investment Managers has paid Rs 10.87 lakh to settle a Sebi case over alleged violations of Alternative Investment Fund rules. Sebi said the investment manager failed to maintain its continuing interest in India Credit Opportunities Fund II on a pro rata basis with other investors. The regulator reached this finding after examining the fund’s quarterly activity reports. Modulus filed a settlement application without admitting or denying the findings. Sebi confirmed the settlement on May 25, 2026, and said it would not pursue enforcement action over the alleged violations. The regulator retained the right to act if it finds misrepresentation or a breach of the settlement terms. ## Coverage - legal.economictimes.indiatimes.com Tags: AIF, Investment funds, Modulus Alternatives, SEBI Canonical: https://indianopinion.org/modulus-alternatives-pays-rs-10-87-lakh-to-settle-sebi-case/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/modulus-alternatives-pays-rs-10-87-lakh-to-settle-sebi-case/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.