Rose Valley Real Estates And Construction Limited

SAT-appeal

• Operation of a collective investment scheme requiring winding up and refund of monies collected, with returns due to investors under the offer terms.
  Appellants permitted to sell their properties under SEBI supervision. · Sale proceeds must be used only to pay investors of Rose Valley Real Estates and Construction Limited.
  Appeal: Appeal No. 233 of 2014 disposed of by SAT on 15 December 2014 with no order as to costs.
• SAT matter SATV-848D263452B6E5BD722D95B3
  Respondents to give further hearing to appellant within two weeks from 29.04.2014 · Respondents to pass final order within six weeks after such hearing
  Appeal: Misc. Application No. 50 of 2014 in Appeal No. 176 of 2013 disposed on 29.04.2014 by consent; extension granted for compliance with SAT order dated 26.09.2013
• WTM order restrained appellant company from certain activities; specific charge not detailed in SAT order
  SEBI to furnish additional materials to appellant no.1 within 2 weeks · Appellants to file objections within 4 weeks of receiving additional materials
  Appeal: Appeal No. 176 of 2013 disposed of on 26.09.2013 with no order as to costs
• Collected huge amounts from investors under Collective Investment Scheme (CIS) in violation of SEBI CIS Regulations.
  Misc. Application No. 201 of 2015 dismissed with no order as to costs · SEBI directed to take appropriate steps so interests of investors are properly secured
  Appeal: Misc. Application No. 201 of 2015 in Appeal No. 233 of 2014 dismissed on 26.08.2015; Appeal No. 233 of 2014 disposed on 15.12.2014