Sebi, Rose Valley 부동산에 제재 Sebi bans Rose Valley Real Estate, directors from markets
[REAL ESTATE NEWS] Good morning, everyone. I’m Yisack Park staff of Kamaindia Pvt. Ltd.
Here I have an important Real estate news to share with you which is as undermentioned.
New Delhi, Jan 9 () Regulator Sebi today banned Rose Valley Real Estate & Construction and its five directors frm the securities market for four years for raising money frm the investors without complying with the public issue norms.
A probe by Sebi following a reference frm the Corporate Affairs ministry had revealed that Rose Valley Real Estates had come out with seven issues of secured non-convertible debentures (NCDs) frm 2001-02 to 2007-08, out of which, in six, the number of allottees was more than 49.