Skip to main content

Collective Investment Schemes | SEBI Prohibited Companies | Certicom


Collective Investment Schemes: List of SEBI Prohibited Companies


The list of entities that SEBI has banned from raising funds under “collective investment schemes.”

The Board of the Indian Securities Exchange (SEBI) warns investors to invest in “collective investment projects” that are being banned by persons who are prohibited from doing so. The press release was published on July 29, 2015, and banned the listing of such businesses or companies.

These companies are not registered with SEBI and collect money / mobilize money without submitting SEBI offer documents. As per SEBI, appropriate measures have been taken against these companies and their executives.

What are Collective Investment Schemes (CIS)?

Furthermore, before investing in a collective investment scheme, investors are advised to bear the following cautionary checks:

  • Whether the entity is registered with SEBI
  • Whether the scheme (CIS) has filed an offer document with SEBI
  • Subscription to CIS units is permitted only with a banking channel, cash transactions are not allowed.
  • No guaranteed or guaranteed returns are permitted (at most, an indicative return can be specified in the offer document)











http://certicom.in/list-of-entities-barred-by-sebi-from-raising-money-under-collective-investment-schemes-in-banglore/

Comments

Post a Comment

Popular posts from this blog

Due Date For Filing ITR | Audit Reports Extended By 15 Days | Certicom

Due Date For Filing Income Tax Return, Audit Reports Extended By 15 Days The taxman last month announced the extension of the maturity date of September 30 by a similar 15 days.  The Government on Monday extended the due date for submission of income tax returns (ITR) and audit reports. The Direct Tax Center Board, the top policy-making body of the Income Tax Department, said the due date for filing  income tax returns  and the audit report for Assessments 2018-19 (2017-18 financial year) is October 31, 2018 for certain. taxpayer category. Monday’s step marks the second extension given by the  Direct Tax  Center Council to assessors whose bookkeeping must be audited. The move comes after the tax officer considers representation from stakeholders, he said in a statement. The taxman last month announced the extension of the maturity date on September 30 by the same 15 days, until  October 15, 2018 . Submission of income tax returns by paid taxpayers...
1 comment
Read more

Benefits of Filing ITR on Time - Avoid Penalties & Other Benefits | Certicom

Benefits of Filing Income Tax Return on time – AY 2018-19 1. Easy Loan Approval Registration of  ITR  will help individuals, when they need to apply for a vehicle loan (2-wheeler or 4-wheeler), mortgages, etc. All major banks can request a copy of the tax return 2. Claim tax refund If you have a refund for your  income tax , you will need to submit a tax return to claim the refund. 3. Income and address of evidence Income tax can be used as proof of income and address. 4. Quick Visa Processing Most embassies and consulates must submit a copy of your tax return in the past two years when a visa application is submitted. 5. Forward your loss If you sign up again within the due date, you will be able to claim losses over the next few years, which can be used to receive income from subsequent years. 6. Avoid penalties If you have to return your tax return, you will not be entitled to tax, up to Rs.5,000. 7. Refer to and earn up to Rs. 3000 Re...
Post a Comment
Read more

KYC non-compliance

Govt deactivates ID numbers of 2.1 million directors The government began the process of deactivating the identification numbers of almost 2.1 million directors of companies that did not comply with KYC standards, according to a senior official. The director’s identification numbers (DIN), a unique number assigned to people who are eligible to be directors at meetings of registered companies, are being deactivated. They will be reactivated after paying a fee of 5,000 rupees along with the required form and the affected people could also face a lawsuit. The latest movement of the  Ministry of Corporate Affairs  also comes at a time when the government has intensified the crackdown on the front companies, which are suspected conduits for illicit cash flows. In June, the ministry decided to carry out the KYC process (Know Your Client) for all directors, including those who have been disqualified. The last date to comply with the new rules by sending the form ‘ DIR-3 KY...
Post a Comment
Read more