https://www.taxtmi.com/caselaws?id=194558 The court upheld SEBI's jurisdiction over the Holiday Membership Plan (HMP) as a collective investment scheme, validating the interim order, and supporting the amended provisions and delegation of powers under the SEBI Act. The court emphasized the need for detailed scrutiny into the nature of the scheme and investors' intentions, dismissing the petitioner's arguments regarding the exclusion of the HMP from being a collective investment scheme due to the inclusion of accident insurance. en-us Thu, 25 Jun 2015 00:00:00 +0530 Wed, 13 Sep 2017 20:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194558 The court upheld SEBI's jurisdiction over the Holiday Membership Plan (HMP) as a collective investment scheme, validating the interim order, and supporting the amended provisions and delegation of powers under the SEBI Act. The court emphasized the need for detailed scrutiny into the nature of the scheme and investors' intentions, dismissing the petitioner's arguments regarding the exclusion of the HMP from being a collective investment scheme due to the inclusion of accident insurance. Case-Laws Companies Law Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194558