Mr. Vinod Kumar Shankwar

SAT-appeal

• Operating alleged unregistered Collective Investment Schemes and collecting Rs 28.22 crore from investors.
  Appeals disposed with direction to appellants to represent to SEBI within 3 weeks from 28.09.2017 with refund details and balance repayment plan. · SEBI to consider representation and pass appropriate order as expeditiously as possible.
  Appeal: Appeal No. 126 of 2016 and Appeal No. 380 of 2016 disposed on 28.09.2017 with direction to seek SEBI consideration via representation.
• The company was alleged to have floated Collective Investment Schemes and collected money from investors, requiring refund of amounts collected with promised returns.
  Appeals disposed of with liberty to appellants to make a representation to SEBI regarding refunds and the proposed repayment of the balance · SEBI to consider any timely representation and pass an appropriate order expeditiously
  Appeal: Appeal Nos. 126 of 2016 and 380 of 2016 disposed of on 28 September 2017 with no order as to costs
• Allotment of cumulative redeemable preference shares to 1137 investors raising Rs 2.15 crore in FY 2013-14 without public offer, violating 49-person limit per Sahara ruling.
  Appellants to make representation to SEBI within 3 weeks from 28.09.2017 with full particulars of refunds made · Representation must detail mode and manner of refunding balance amount in time-bound manner
  Appeal: Appeal No. 151 of 2016 disposed on 28.09.2017 with no order as to costs