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SEBI has put out a list of 51 unauthorised entities (on its website) against whom it has passed interim orders restraining them from mobilising funds through existing/ new schemes, launching any new schemes or floating any new companies/ firms to raise fresh money.
Rose Valley Real Estate & Constructions, JSR Dairies, Saradha Realty India, Ramel Industries, Sunshine Agro Global (Sunshine Forestry), Sheen Agro and Plantation and Shree Sai Space Creation are some of the names on the list.
The regulator has also directed them not to divert or alienate any assets or money collected, besides debarring the company and its directors from accessing the capital markets in its final order. SEBI said GIFT Collective Investment Management Company was the sole registered entity permitted to operate under the collective investment scheme (CIS Regulations).
In a caution notice on Thursday, SEBI said, “Investors are advised to be careful if the returns offered by the person/entity is very much higher than the return offered by the regulated entities such as banks, deposits accepted by companies, registered NBFCs and mutual funds.”
“If any of the following entities are found to be collecting/ mobilising money, investors are advised not to subscribe to such schemes and to report the same to SEBI, state authorities including the police immediately.”
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