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Sebi: Puravankara Project real estate scheme does not fall under CIS category

Thursday, June 5th, 2014 No Comments »

Sebi: Puravankara Project real estate scheme does not fall under CIS category
According to the Securities and Exchange Board of India (Sebi), Puravankara Projects commercial real estate scheme does not fall under the collective investment scheme (CIS) category because the scheme did not involve any offer for pooling of funds for assured returns. Sebi’s viewpoint on the commercial real estate scheme floated by Puravankara Projects comes in [...] Continue Reading »



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