https://www.taxtmi.com/caselaws?id=275050 The Securities and Exchange Board of India (SEBI) found that HBN was operating a Collective Investment Scheme (CIS) without registration, violating SEBI Act and CIS Regulations. SEBI directed HBN to wind up the CIS, refund investors by a specified date, and comply with repayment procedures. HBN and its directors were prohibited from fund collection, market access, and asset disposal. Non-compliance would lead to extended restraints, law enforcement involvement, and asset recovery measures by SEBI. SEBI reserved the right to initiate further proceedings under SEBI Act and CIS Regulations if necessary. en-us Thu, 12 Feb 2015 00:00:00 +0530 Tue, 18 Apr 2023 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275050 The Securities and Exchange Board of India (SEBI) found that HBN was operating a Collective Investment Scheme (CIS) without registration, violating SEBI Act and CIS Regulations. SEBI directed HBN to wind up the CIS, refund investors by a specified date, and comply with repayment procedures. HBN and its directors were prohibited from fund collection, market access, and asset disposal. Non-compliance would lead to extended restraints, law enforcement involvement, and asset recovery measures by SEBI. SEBI reserved the right to initiate further proceedings under SEBI Act and CIS Regulations if necessary. Case-Laws Companies Law Thu, 12 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275050