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Sebi directs Dairy Plantations to refund investor money in CIS case

The company has been asked to invite claims within a month by issuing notice in newspapers

Sebi
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According to Sebi, Dairy Plantations had collected more than Rs 1 crore from 1,660 investors during 1992-96 through its Green Gold Bond scheme

Agencies
Markets regulator Sebi has directed Dairy Plantations (India) Ltd to refund money collected from investors for its collective investment scheme (CIS).

The company has been asked to invite claims within a month by issuing notice in newspapers. Further, a period of one month from the date of the advertisement will be provided to investors for submitting any claim,the regulator said in an order.

It further asked the company to wind up its existing CIS and refund the money collected by it under the scheme to the investors which are due to them strictly as per the terms of offer of

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