Sebi has also barred Prosperity Agro and its directors from the capital market for four years. Photo: MintNew Delhi: Markets regulator Sebi has ordered Prosperity Agro India and its directors to wind up existing collective investment scheme and refund the money raised from investors within three months. The Securities and Exchange Board of India (Sebi) has also barred the firm and its directors from the capital market for four years. Sebi, through an interim order in 2013, had barred Samruddha Jeevan Foods from collecting money from the investors under its schemes. In this case, Sebi, through an interim order in 2015, had prohibited PAIL and its directors from raising money from investors under its existing scheme or launching any new scheme.

Source: Mint August 09, 2017 11:03 UTC