SEBI asks 605 CIS to wind up, pay investors

SEBI asks 605 CIS to wind up, pay investors
ENS ECONOMIC BUREAU

MUMBAI, MAY 16: They were asked to make payments to investors latest by May 28 to avoid legal and administrative action, SEBI said in a release here today. The names of the existing CIS, who had filed information with SEBI and have to compulsorily wind up their schemes would also be published in newspapers, SEBI said.