SEBI begins examining Sahara Q Shop schemes
Securities and Exchange Board of India (SEBI) has started examining the schemes of Sahara Q shop schemes under the SEBI Act. This fact was brought in the counter-affidavit filed by SEBI in our Writ petition before the Allahabad High Court, Lucknow Bench.
We had filed this Petition praying for enquiry into the issuance of Sahara Q shop bonds/advances, where the Court had issued notice to SEBI and Sahara Q Shop limited.
The Counter affidavit filed by Naveen Sharma, AGM, SEBI, Lucknow office says that previously SEBI did not have any power to look into all kinds of money collection activities, but recently the Securities Law (Amendment) Ordinance 2013 has amended section 11AA of the SEBI Act 1992 so that any money collection scheme having corpus of Rs. 100 crore or more and not covered under any given exception shall be deemed as collective investment scheme. Now SEBI has started examining Sahara Q shop schemes.
Securities and Exchange Board of India (SEBI) has started examining the schemes of Sahara Q shop schemes under the SEBI Act. This fact was brought in the counter-affidavit filed by SEBI in our Writ petition before the Allahabad High Court, Lucknow Bench.
We had filed this Petition praying for enquiry into the issuance of Sahara Q shop bonds/advances, where the Court had issued notice to SEBI and Sahara Q Shop limited.
The Counter affidavit filed by Naveen Sharma, AGM, SEBI, Lucknow office says that previously SEBI did not have any power to look into all kinds of money collection activities, but recently the Securities Law (Amendment) Ordinance 2013 has amended section 11AA of the SEBI Act 1992 so that any money collection scheme having corpus of Rs. 100 crore or more and not covered under any given exception shall be deemed as collective investment scheme. Now SEBI has started examining Sahara Q shop schemes.
Amitabh Thakur
Lucknow
# 094155-34526
Lucknow
# 094155-34526
__._,_.___
| Reply via web post | Reply to sender | Reply to group | Start a New Topic | Messages in this topic (1) |
.
__,_._,___
No comments:
Post a Comment