https://www.taxtmi.com/caselaws?id=194237 Investor funds pooled into an IT/cyber space project with assured monthly returns and buy-back rights satisfied the ingredients of a collective investment scheme under Section 11AA of the SEBI Act. The agreements did not identify specific units at the time of investment, only tentative area and floor details, while the promoter retained control over construction, leasing, maintenance and post-completion management. The arrangement was therefore treated as a collective investment scheme requiring SEBI registration, and operating it without registration breached the SEBI regulatory framework. en-us Fri, 19 Dec 2014 00:00:00 +0530 Sat, 02 Sep 2017 11:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194237 Investor funds pooled into an IT/cyber space project with assured monthly returns and buy-back rights satisfied the ingredients of a collective investment scheme under Section 11AA of the SEBI Act. The agreements did not identify specific units at the time of investment, only tentative area and floor details, while the promoter retained control over construction, leasing, maintenance and post-completion management. The arrangement was therefore treated as a collective investment scheme requiring SEBI registration, and operating it without registration breached the SEBI regulatory framework. Case-Laws Companies Law Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194237