Collective Investment Scheme

In response to a regulatory order, Growpital and its associates elaborated on its "background" that included partnering with and being recognised by various governments. The regulator countered it by citing the law.

SEBI notifies rules to strengthen regulatory framework for CIS

Currently, CIS rules do not mandate minimum number of investors, maximum holding of a single investor or minimum subscription amount.

Govt to set up agency to regulate collective investment schemes

A collective investment scheme is a scheme wherein several individuals pool money for investing in a particular asset(s) and share the returns based on pre-agreed terms. Over the last few years, CISs have become synonymous with scams, as investors have been let in a lurch after being promised juicy returns.

Sebi begins proceedings to recover Rs 55,000 cr from defaulters

Ever since it was given powers in October 2013 to recover penalties and investors' money collected fraudulently, Sebi has initiated nearly 900 recovery proceedings, of which more than 200 have been fully completed.

Sebi directs JSR Dairies to refund investors

A probe by the Securities and Exchange Board of India found that JSR Dairies was running Collective Investment Scheme (CIS) without obtaining regulatory approval.

Sebi directs two firms to refund money to investors

A Sebi probe found that Raghav Capital had mobilised funds from the public through Collective Investment Scheme (CIS), without getting regulatory approvals, while Newland Agro had collected about Rs 38 crore by issuing redeemable preference shares (RPS) to 48,886 persons without complying with public issue norms.

Sebi proposes joint task force for illicit money pooling

To check the menace of illicit money-pooling activities of small unlisted companies, Sebi has proposed a joint task force of financial regulators and intelligence agencies to bring them under regulatory ambit.

Sebi's ponzi crackdown catches 26 firms within a month

Weeding out illicit money pooling schemes, market regulator Sebi has within a month clamped down on over two-dozen companies that had raised close to Rs 1,000 crore from over 4 lakh investors.

Sebi cracks whip on PACL's Rs 50,000-cr investment scheme

The market regulator bars promoters from collecting any money or launching any new collective investment scheme.

SAT gives 18 months to Alchemist Infra to refund money

Going ahead with its crackdown against collective investment schemes, Securities Appellate Tribunal (SAT) gave 18 months to Alchemist Infra Realty Ltd for complying with Sebi orders to refund Rs 1,000 crore, which was collected via CIS.

SAT asks two CIS operators to refund money within 6 months

Continuing its crackdown on collective investment schemes (CIS), the Securities Appellate Tribunal (SAT) asked two CIS operators to refund money collected from millions of investors within six months.

SAT to hear Osian's appeal against Sebi order tomorrow

The Securities Appellate Tribunal will hear Osian Art Fund's appeal against Securities and Exchange Board of India's (SEBI) order wherein they have been asked to stop collective investment schemes and refund the investors' money in three months.

SEBI must fortify surveillance, investigation depts: Sinha

Speaking to CNBC-TV18 on the occasion Sebi turning 25, Sinha says, the market regulator needs to strengthen its enforcement, surveillance and investigation division.

Goats as investment cash cows; SEBI smells foul play

A company promising hefty returns on investments made for rearing goats has come under the scanner of market regulator SEBI and action may be initiated against it as early as next week.