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December 05, 2001
PR No. 207/2001
Prosecution against entities operating unregistered
collective investment schemes
Securities and Exchange Board of India has launched criminal prosecution against the following companies at Delhi for their violations of SEBI (Collective Investment Schemes) Regulations, 1999. The said companies raised several crores of rupees from the investors under various schemes and failed neither to register the said schemes with SEBI nor to wind up the schemes and refund the amounts to the investors, despite several directions of SEBI to do so. The directors of the said companies have also been prosecuted.
| 1 |
Perfect Greenland Agro
Developers India Ltd., |
| 2 |
Perutek Services Ltd., |
| 3 |
Rapti Agro Industries Ltd. |
| 4 |
Rosal Forest (India) Ltd. |
| 5 |
Sarvotam Forests Ltd. |
| 6 |
Seth Dhanraj Agro (India)
Ltd., |
| 7 |
Sunbeam Forest Ltd., |
| 8 |
UP Forest Plantations
Ltd., |
| 9 |
Vasundhara Plantations
India Ltd., |
| 10 |
Veerbharat Forests (India)
Ltd., |
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