M/s KIM Infrastructure & Developers Ltd.
Penalties and directions recorded
- SEBI directed to pass fresh order on merits and in accordance with law after giving personal hearing and considering Regulation 74A
SAT-appeal
- SEBI rejected appellant's 24 June 2013 application for registration as Collective Investment Management Company under 1999 Regulations vide communication dated 14 February 2014.Impugned communication dated 14 February 2014 quashed and set aside · SEBI directed to pass fresh order on merits and in accordance with law after giving personal hearing and considering Regulation 74A
- Floating Lump Sum and Regular Investment Plans for plots without CIS registration, held to be Collective Investment Scheme.WTM order 08.12.2014: wind up CIS plans and refund money with returns due as per offer terms · Chairman order 17.04.2015: rejected application dated 24.06.2013 for registration under CIS Regulations
- Allegedly floating unregistered Collective Investment Schemes via Lump Sum and Regular Investment Plans for plots with promised returns.Appeal: Appeal No.126/2015 and 314/2015 reserved on 08.03.2018, decided 11.04.2018; appellants reserved right to appeal to Supreme Court
Source: SecMarx — M/s KIM Infrastructure & Developers Ltd.. 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.