Prosecution against entities operating unregistered Collective Investment Schemes
 
Prosecution Department

Securities and Exchange Board of India has launched criminal prosecution at Delhi against the following companies for their violations of SEBI(Collective Investment Schemes) Regulations, 1999. The said companies raised several lakhs of rupees from the investors under various schemes and failed to wind up the schemes and refund the amounts to the investors, despite directions of SEBI to do so. The directors of the said companies have also been prosecuted.