Sebi acts against goat/buffalo CIS
Samruddha Jeevan Foods India Limited (SJFIL) promised investors returns of more than 12% through its schemes
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The Securities and Exchange Board of India (Sebi) has passed an order restricting the activities of a collective investment scheme which promised investors returns through investments in livestock including goats and buffalo.
The company, Samruddha Jeevan Foods India Limited (SJFIL) promised investors returns of more than 12% through its schemes.
The company and its directors have been barred from raising additional capital or disposing of its assets until further orders.
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First Published: Nov 06 2013 | 8:05 PM IST