M/s. Parasrampuria Plantations Ltd., Mumbai
M/s. Parasrampuria Plantations Ltd., Mumbai has failed to repay its investors in the manner provided under the SEBI (Collective Investment Schemes) Regulations, 1999, despite intimation from SEBI.
In view of the above, SEBI has passed an Order on October 8, 2003, directing the entity to refund the money collected under its Collective Investment Schemes with returns which is due to the investors as per the terms of the offer within a period of one month from the date of the Order failing which the following actions would follow:
The text of the order is available on the SEBI website www.sebi.gov.in