Securities and Exchange Board of India (SEBI) has informed that it has not published any such list of more than 100 benami, bogus ponzy scheme companies.

 Chit funds are regulated under the Chit Funds Act, 1982 and require previous sanction of the State Governments. Prize Chit and Money Circulation (Banning) Act, 1978 which bans prize chits and money circulation activities is enforced by State Governments. Collective Investment Schemes (CIS) as defined under section 11AA of the SEBI Act, 1992 are regulated by SEBI and it has passed 73 interim and 23 final orders in CIS cases during the last three years.

 This information was given by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

Collective Investment Schemes regulation clarifies SEBI oversight and recent interim and final enforcement actions. SEBI has not published any list of alleged benami or bogus Ponzi scheme companies. Chit funds are regulated under the Chit Funds Act, 1982 with State Government sanction required, and the Prize Chit and Money Circulation (Banning) Act, 1978 is enforced by States. Collective Investment Schemes are defined under section 11AA of the SEBI Act, 1992 and are regulated by SEBI, which has issued interim and final orders in CIS cases over the referenced period.