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SEBI - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Running a Collective investment scheme [CIS] without obtaining ...


Entity Denied Extension for Refunds Due to Operating Unregistered Investment Scheme and Delaying Verification Tactics.

August 27, 2019

Case Laws     SEBI     AT

Running a Collective investment scheme [CIS] without obtaining the certificate of registration - Appellant resorted to all kinds of dilatory tactics in not getting the repayments verified, namely, whether the appellant had actually refunded the amount to the investors - the application for extension of time to refund the amount was rightly rejected

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