Prosecution against entities operating unregistered collective investment schemes
  
Prosecution Department

Securities and Exchange Board of India has launched criminal prosecution against Cliffwood Agro Plantations Ltd., and Miracle Farms Ltd., at Chennai 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 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. Hindustan Forestry and Agro Development Ltd.

2. Jehlum Agro Forests Ltd.

3. Kislay Plantations Ltd.

4. Mahabhairav Plantation & Finance Ltd.

5. Motherland Agro Developers India Ltd.

6. Naturoworth & Medico Plants Ltd.

7. Neelgiri Forests Ltd.

8. Veerbhumi Forest (I) Ltd.

9. Woodworth Plantations Ltd.

10. Kuber Planters Ltd.

11. Grindlay Forestry India Ltd.

12. Raman Plantations Ltd.

13. Real Value Agro Estates Ltd., and

14. Agrarian Field and Forest Ltd.

For SEBI's list, click here.