Hi Experts,

 

One of my client wants to start a company where he will be buying real estate property in company's name with the help of pooling in money of other investors. Now does this business require any approval of SEBI?

Posted 3 years ago by CS Sneha Richard


A Private Limited company cannot accept funds from public. Though public limited company can get funds by issuing share capital.

Yes you need to get permission from SEBI for collecting funds. Refer Sahara case where money was collected without complying with SEBI guidelines.

Posted 2 years, 9 months ago by Rahul Rai


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