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Sebi acts against goat/buffalo CIS

Samruddha Jeevan Foods India Limited (SJFIL) promised investors returns of more than 12% through its schemes

Sachin P Mampatta Mumbai
Last Updated : Nov 06 2013 | 8:07 PM IST
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

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