Co. couldn’t be debarred from launching a new debt scheme merely because it chose to wound up six schemes: SAT

COMPANY LAW/SEBI : Where appellant decided to wind up six debt schemes and SEBI by impugned order held that appellant had violated certain provisions of SEBI (Mutual Funds) Regulations, 1996 and circulars issued by SEBI in relation to management of six debt schemes and, therefore, appellant had been directed to refund investment management and advisory fees alongwith interest and appellant had been prohibited from launching new debt schemes for a period of two years,

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