Nicer Green Housing Infrastructure Developers Ltd.

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO penalty of Rs.70 lakhs jointly and severally for CIS violations sustained

SAT-appeal

Operating unregistered Collective Investment Scheme by mobilising funds under land development scheme
Appeal No. 307 of 2018 dismissed summarily · SEBI order dated June 1, 2018 upheld; no infirmity found
Appeal: Appeal No. 307 of 2018 dismissed summarily on 25.02.2019; prior Appeal No. 86 of 2017 disposed on 13.11.2017
Running unregistered collective investment scheme mobilising public funds with promise of returns without registration and failure to repay investors on maturity.
Appeal No.377 of 2021 dismissed with no order as to costs · AO penalty of Rs.70 lakhs jointly and severally for CIS violations sustained
Appeal: Appeal No.377 of 2021 dismissed on 09.08.2021; WTM order dated 09.11.2015 attained finality after dismissal of Civil Appeal Nos.7017-7018/2020 on 02.09.2019

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Source: SecMarx — Nicer Green Housing 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.