Alchemist Infra Realty Limited

SAT-appeal

• SEBI held that Alchemist Infra Realty Limited launched collective investment schemes without obtaining SEBI registration.
  Appeal No. 124 of 2013 was heard and disposed of with Appeal No. 123 of 2013.
  Appeal: Appeal Nos. 123 and 124 of 2013 disposed of by SAT on 23 July 2013; prior Jharkhand Letters Patent Appeal was withdrawn.
• Alchemist allegedly launched Collective Investment Schemes without SEBI registration via land sale plus supervision/development agreements promising expected value.
  SEBI impugned order dated 21.06.2013 held Appellant No.1 launched CIS without registration; SAT disposed Appeals 123 and 124 of 2013 together on 23.07.2013
• SAT matter SATV-45FA4C72E418582171338142
  Miscellaneous Application No. 309 of 2016 disposed of after the applicant did not press it at this stage · No order as to costs
  Appeal: Misc. Application No. 309 of 2016 in Appeal No. 298 of 2015 disposed of on 2 February 2016; the application was not pressed at this stage.
• Operating scheme held as unregistered CIS; failure to wind up and refund investor monies per WTM order dated 21 June 2013.
  Set aside WTM order dated 27/05/2015 subject to Rs.1 lac cost to SEBI · Direct furnishing of investor particulars per SEBI letters and para 13 within two weeks
  Appeal: Appeal No.298 of 2015 with Misc. Application No.200 of 2015 disposed on 15 June 2015