SEBI bars Yalsco Real Estate and Agro Farming from securities market for 4 yrs
New Delhi: Capital markets regulator SEBI has barred Yalsco Real Estate and Agro Farming from accessing the securities market for four years over financial irregularities.
Apart from Yalsco Real Estate, three individual associated with he company has also been barred. The action has been taken over alleged illegal collective investment mechanisms in which a number of investors across the country have been cheated.
SEBI has also ordered the company and its directors not to come out with any new collective investment scheme without taking registration from Sebi under the CIS (Collective Investment Scheme) Regulations, SEBI said in an order.