This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Collective Investment Scheme floated by a private trust is illegal: SC
Case Law Details
- Case Name
- Osians Connoisseurs of Art Pvt. Ltd. Vs SEBI (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Osians Connoisseurs of Art Pvt. Ltd. Vs SEBI (Supreme Court of India)
BRIEF FACTS:
1. Two trusts named Yatra Art Fund Trust (Fund I) and Yatra Art Fund II (Fund II) were created under the Indian Trusts Act, 1882, through execution of Indentures of Trust dated 15.06.2005 and 01.12.2006.
2. A perusal of the trust deed shows that both these trust Funds were created for an initial period of 4-4 years, the first Fund ending, after extension of one year, on 15.09.2011. Insofar as the second Trust Fund is concerned, this Trust Fund was also extended and ended on 31.01.2012. It may al...
Author Info
