sebi:Order/SR/PP/2019-20/6967/195
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Facts / Headnote
Noticee held guilty and penalty imposed
Provisions invoked
- s. 11A
- s. 15
- s. 12
- s. 15J
- s. 28A
- s. 15D
- s. 23
Regulations
- Reg. 3
Parties
- Zeestar Limouzines Ltd.
Holding
Zeestar Limouzines Ltd.'s vehicle-booking monthly-income schemes were held to be a collective investment scheme under Section 11AA(2) operated without registration in violation of Section 12(1B) of the SEBI Act and Regulation 3 of the CIS Regulations, and a penalty of Rs. 10,00,000 under Section 15D(a) was imposed.
Full text
Adjudication order in respect of Zeestar Limouzines Ltd. in the matter of Zeestar Limouzines Ltd. . Page 2 of 15 and the scheme/ arrangement of ZLL were in the nature of collective investment scheme (hereinafter referred to as ‘CIS’). OD carried out the physical inspection of the available address of the Company and found that the premises were locked and had a sign board of ‘Zeestar Beverages Co.’
Adjudication order in respect of Zeestar Limouzines Ltd. in the matter of Zeestar Limouzines Ltd. . Page 3 of 15 Illustrations of plan details of the ZLL are as under:
Adjudication order in respect of Zeestar Limouzines Ltd. in the matter of Zeestar Limouzines Ltd. . Page 4 of 15 Table C
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Source: SecMarx — sebi:Order/SR/PP/2019-20/6967/195. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.