https://www.taxtmi.com/caselaws?id=194626 The court found that Pancard Clubs Limited (PCL) was operating a collective investment scheme under Section 11AA of the SEBI Act. PCL's holiday schemes met the criteria of pooling contributions for profit, management by PCL, and lack of investor control. PCL failed to comply with SEBI registration regulations, leading to the issuance of interim measures to protect investors. SEBI directed PCL to cease collecting funds, submit asset details, and refrain from further financial activities. The judgment highlighted the need for regulatory compliance and investor protection in such schemes. en-us Thu, 31 Jul 2014 00:00:00 +0530 Sat, 16 Sep 2017 09:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194626 The court found that Pancard Clubs Limited (PCL) was operating a collective investment scheme under Section 11AA of the SEBI Act. PCL's holiday schemes met the criteria of pooling contributions for profit, management by PCL, and lack of investor control. PCL failed to comply with SEBI registration regulations, leading to the issuance of interim measures to protect investors. SEBI directed PCL to cease collecting funds, submit asset details, and refrain from further financial activities. The judgment highlighted the need for regulatory compliance and investor protection in such schemes. Case-Laws Companies Law Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194626