Not so rosy picture
• The proceeding is to recover Rs 1,006.70 cr collected by Rose Valley through the issuance of NCDs to investors
• Sebi has also asked banks, depositories and mutual funds not to allow any debit from the accounts of Gautam Kundu, Ashok Kumar Saha, Shibamoy Dutta and Abir Kundu, the company’s directors
• But credits are permitted
• According Sebi, the various plans offered by the firm with a promise of return qualify as a Collective Investment Scheme
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app