Twentieth Century Plantation Pvt. Ltd.
Penalties and directions recorded
- Appellants directed to transfer Rs.3.80 lakhs to SEBI within two weeks from 14 December 2021.
- Transfer Rs.3,80,000 deposited with SEBI to Investor Protection and Education Fund with accrued interest
- File winding up and repayment report with details of refunded contributors/investors
- File list of all contributors, contact details and unrefunded investment details
SAT-appeal
- SEBI held that the appellant companies' business activities constituted Collective Investment Schemes under section 11AA of the SEBI Act.Impugned WTM order dated 19 March 2021 set aside. · Matter remitted to WTM for fresh decision after considering compliances and hearing appellants.Appeal: Appeal No. 459 of 2021 allowed on 14 December 2021; impugned WTM order set aside and matter remitted.
- Operating a Collective Investment Scheme without registration and failure to wind up scheme and refund investors as directed by WTM.Transfer Rs.3,80,000 deposited with SEBI to Investor Protection and Education Fund with accrued interest · File winding up and repayment report with details of refunded contributors/investors
Source: SecMarx — Twentieth Century Plantation Pvt. 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.