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Swatilekha Chakraborty Associate-Legal Vinod Kothari & Co.

Articles by Swatilekha Chakraborty

Holiday Packages as Collective Investment Schemes : SEBI Perspectives and Ruling

EXECUTIVE SUMMARY The article delves into the recent Security Appellate Tribunal (“Tribunal”) judgment which has upheld the Security Exchanges Board of India (“SEBI”)- the (“Respondent”) order classifying the holiday schemes floated by Pancard Clubs Limited (“Appellants”) was indeed   a Collective Investment Scheme (“CIS”) and thereby directing the Appellants to inter-alia, refund the sum of money… Read More

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