https://www.taxtmi.com/caselaws?id=298365 The Tribunal upheld the order directing a Collective Investment Management Company to wind up schemes for non-compliance with provisional registration conditions, including failure to appoint trustees, meet net worth requirements, and issuing misleading information to investors. The company's actions were found to violate regulations, particularly in deceiving small investors with false promises of high returns. The Tribunal dismissed the company's appeal, ordering compliance with winding-up procedures, repayment to investors, and bearing legal costs incurred by the Board. en-us Tue, 21 Oct 2008 00:00:00 +0530 Thu, 28 Oct 2021 17:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298365 The Tribunal upheld the order directing a Collective Investment Management Company to wind up schemes for non-compliance with provisional registration conditions, including failure to appoint trustees, meet net worth requirements, and issuing misleading information to investors. The company's actions were found to violate regulations, particularly in deceiving small investors with false promises of high returns. The Tribunal dismissed the company's appeal, ordering compliance with winding-up procedures, repayment to investors, and bearing legal costs incurred by the Board. Case-Laws SEBI Tue, 21 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298365