Goutam Kundu
Penalties and directions recorded
- Sale proceeds must be used only to pay investors of Rose Valley Real Estates and Construction Limited.
- SEBI directed to take appropriate steps so interests of investors are properly secured
SAT-appeal
- Operation of a collective investment scheme requiring winding up and refund of monies collected, with returns due to investors under the offer terms.Appellants permitted to sell their properties under SEBI supervision. · Sale proceeds must be used only to pay investors of Rose Valley Real Estates and Construction Limited.Appeal: Appeal No. 233 of 2014 disposed of by SAT on 15 December 2014 with no order as to costs.
- Collected huge amounts from investors under Collective Investment Scheme (CIS) in violation of SEBI CIS Regulations.Misc. Application No. 201 of 2015 dismissed with no order as to costs · SEBI directed to take appropriate steps so interests of investors are properly securedAppeal: Misc. Application No. 201 of 2015 in Appeal No. 233 of 2014 dismissed on 26.08.2015; Appeal No. 233 of 2014 disposed on 15.12.2014
Source: SecMarx — Goutam Kundu. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.