{"id":147556,"date":"2002-07-29T00:00:00","date_gmt":"2002-07-28T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sebi-vs-four-season-farms-ltd-mumbai-on-29-july-2002"},"modified":"2019-01-01T04:52:47","modified_gmt":"2018-12-31T23:22:47","slug":"sebi-vs-four-season-farms-ltd-mumbai-on-29-july-2002","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sebi-vs-four-season-farms-ltd-mumbai-on-29-july-2002","title":{"rendered":"Sebi vs Four Season Farms Ltd., Mumbai on 29 July, 2002"},"content":{"rendered":"<div class=\"docsource_main\">Securities Appellate Tribunal<\/div>\n<div class=\"doc_title\">Sebi vs Four Season Farms Ltd., Mumbai on 29 July, 2002<\/div>\n<div class=\"doc_bench\">Bench: G Bajpai<\/div>\n<\/p>\n<pre><\/pre>\n<p>ORDER<\/p>\n<p>  G.N. Bajpai, Chairman   <\/p>\n<p> 1. Vide Order dated February 13, 2002, directions under Section 11B of the SEBI Act, 1992 read with Regulations 65 &amp; 73 of SEBI (Collective Investment Schemes) Regulations, 1999 were issued to you as you, having failed to get registration from SEBI, had failed to wind up your existing collective investment schemes and make repayments to your investors in accordance with the provisions of the SEBI (Collective Investment Schemes) Regulations, 1999. As per the said Order, you were directed to refund the money collected under the scheme(s) 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 said Order.  <\/p>\n<p> 2. As you have failed to comply with the directions of the said Order, you have violated the provisions of Regulation 73 of the SEBI (Collective Investment Schemes) Regulations, 1999.  <\/p>\n<p> 3. Now, therefore, in exercise of the powers conferred under Section 11B of the SEBI Act, 1992, I hereby debar you\/your promoters\/your directors\/your managers\/persons in charge of the business of your schemes (whose names are mentioned in Annexure) from operating in the capital market and from accessing the capital market for a period of 5 years from the date of this Order.  <\/p>\n<p> Annexure  <\/p>\n<p> Names of promoters   <\/p>\n<p> Mr. Kunwar Vishwa Mohan- also director  <\/p>\n<p> Mr. V. Rajagopal &#8211; also director  <\/p>\n<p>Mrs. Vibha Prasad  <\/p>\n<p>Mr. Jayanti M. Patel  <\/p>\n<p> Names of other directors  <\/p>\n<p> Dr. Mohan Prasad  <\/p>\n<p>Mr. Iqbal Ummer Kasker  <\/p>\n<p>Mr. Samir K. Das  <\/p>\n<p>Mr. Venugopal V. Nair  <\/p>\n<p> Names of managers\/persons in- charge of business of schemes  <\/p>\n<p> Mr. S.K. Panday, Site Supervisor  <\/p>\n<p>Mr. Basant Kumar Singh, General Manager (Project)  <\/p>\n<p>Mr. V.M. Tambat, Manager (Project)  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Securities Appellate Tribunal Sebi vs Four Season Farms Ltd., Mumbai on 29 July, 2002 Bench: G Bajpai ORDER G.N. Bajpai, Chairman 1. Vide Order dated February 13, 2002, directions under Section 11B of the SEBI Act, 1992 read with Regulations 65 &amp; 73 of SEBI (Collective Investment Schemes) Regulations, 1999 were issued to you as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-147556","post","type-post","status-publish","format-standard","hentry","category-judgements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sebi vs Four Season Farms Ltd., Mumbai on 29 July, 2002 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/sebi-vs-four-season-farms-ltd-mumbai-on-29-july-2002\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi vs Four Season Farms Ltd., Mumbai on 29 July, 2002 - Free Judgements of Supreme Court &amp; 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