Krishna Pal Singh

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
• Operating a collective investment scheme by mobilising funds from the public without complying with Section 12(1B) of the SEBI Act, and failing to provide verifiable details of investor refunds.
  Delay of 38 days in filing the appeal condoned. · Appeal No. 316 of 2019 dismissed summarily.
  Appeal: Appeal No. 316 of 2019 dismissed summarily by SAT on 22 August 2019; Misc. Application No. 397 of 2019 allowed and 38-day delay condoned.
• 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