sebi:WTM/GM/WRO/WRO/14065/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Directions for joint and several refund with interest issued within six months
Provisions invoked
- s. 11A
- s. 24
- s. 19
- s. 12
- s. 28A
- s. 73(2)
Regulations
- Reg. 68
- Reg. 73
- Reg. 65
- Reg. 5(1)
Parties
- GOLDEN TREES PLANTATION LIMITED
- SHAILESHKUMAR DHAIYALAL PATEL
- DINESHBHAI PRAHLADBHAI PATEL
- USHABEN DIPAKKUMAR PATEL
Holding
The Noticees shall, jointly and severally, within six months refund the money collected under its teak and mango plantation CIS with simple interest at 15% per annum from April 01, 1993 till October 31, 2021, with set-off for amounts already refunded to individual investors as on October 31, 2021.
Full text
__________________________________________________________________________________ Order in the matter of Golden Trees Plantation Limited Page 1 of 41
__________________________________________________________________________________ Order in the matter of Golden Trees Plantation Limited Page 2 of 41
__________________________________________________________________________________ Order in the matter of Golden Trees Plantation Limited Page 3 of 41
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/GM/WRO/WRO/14065/2021-22. 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.