tag:blogger.com,1999:blog-3202774368551476669.post6576484403309172597..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: SEBI Order in the Art Fund CaseUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3202774368551476669.post-7173969837240463902013-05-29T13:41:18.950+05:302013-05-29T13:41:18.950+05:30The SAT has apparently admitted an appeal against ...The SAT has apparently admitted an appeal against the SEBI Order (BS, April 30, 2013 - http://www.business-standard.com/article/markets/sat-admits-osian-s-art-fund-appeal-against-sebi-order-113043001062_1.html).<br /><br />Given the detailed (and correct) analysis in the SEBI Order as to why an "Art Fund" would be a CIS,the applicability of the CIS regulations and the definition of 'securities' it will be interesting to see SAT's final verdict on this. RGKnoreply@blogger.com