https://www.taxtmi.com/caselaws?id=298364 An order directing winding up of a collective investment scheme could not stand where SEBI proceeded on alleged non-compliance without adequate supporting material and without properly considering compliance already undertaken, the object of the regulations, and investor interests. The tribunal noted that the appellant had obtained provisional registration and had taken substantial steps such as credit rating, audit, appraisal and creation of a trust; some conditions were premature, some could still be complied with on further time, and others required reconsideration by the regulator. The winding-up direction was set aside and the matter remanded to SEBI for fresh disposal in accordance with law. en-us Tue, 28 Jun 2005 00:00:00 +0530 Thu, 28 Oct 2021 16:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298364 An order directing winding up of a collective investment scheme could not stand where SEBI proceeded on alleged non-compliance without adequate supporting material and without properly considering compliance already undertaken, the object of the regulations, and investor interests. The tribunal noted that the appellant had obtained provisional registration and had taken substantial steps such as credit rating, audit, appraisal and creation of a trust; some conditions were premature, some could still be complied with on further time, and others required reconsideration by the regulator. The winding-up direction was set aside and the matter remanded to SEBI for fresh disposal in accordance with law. Case-Laws SEBI Tue, 28 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298364