https://www.taxtmi.com/caselaws?id=221624 The Supreme Court upheld the constitutional validity of Section 11AA of the SEBI Act and affirmed the applicability of the Act to the business activities of PGF Limited, including the sale and development of agricultural land. The Court directed PGF Limited to comply with SEBI's orders, refund money to investors, and imposed exemplary costs for frivolous litigation. Emphasizing investor protection, the judgment highlighted the necessity of robust regulatory supervision over collective investment schemes to safeguard investors' interests. en-us Tue, 12 Mar 2013 00:00:00 +0530 Fri, 10 Nov 2017 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221624 The Supreme Court upheld the constitutional validity of Section 11AA of the SEBI Act and affirmed the applicability of the Act to the business activities of PGF Limited, including the sale and development of agricultural land. The Court directed PGF Limited to comply with SEBI's orders, refund money to investors, and imposed exemplary costs for frivolous litigation. Emphasizing investor protection, the judgment highlighted the necessity of robust regulatory supervision over collective investment schemes to safeguard investors' interests. Case-Laws Companies Law Tue, 12 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221624