Kalpbut Real Estate Limited

SAT-appeal

• Operating schemes identified by SEBI as unregistered Collective Investment Schemes and collecting money from investors.
  Abstain from collecting money under CIS schemes and restraint from securities market for 4 years per WTM order · Wind up CIS schemes and refund collected money with 15% interest p.a. per WTM order
  Appeal: Appeal Nos. 447 and 448 of 2015 disposed of on 23.11.2017 without deciding CIS merits on willingness to refund
• Running unregistered Collective Investment Schemes and collecting Rs 15.64 crore from investors
  Abstain from collecting money under schemes identified by SEBI as CIS · Wind up CIS schemes and refund collections with 15% interest p.a. per WTM order
  Appeal: Appeal Nos. 447 and 448 of 2015 disposed on 23.11.2017 with directions to represent to SEBI