Samruddha Jeevan Foods and its directors are barred from raising money from investor under any of its schemes. SEBI also asked them not to dispose of any assets or divert funds raised from public
Market regulator Securities and Exchange Board of India (SEBI) has asked Samruddha Jeevan Foods India Ltd and its directors Mahesh Kisan Motewar, Vaishali Mahesh Motewar and Ghanshyam Jashbhai Patel not to collect money from investor.
In an order, S Raman, whole time member of SEBI directed the company and its directors "not to collect any more money from investors including under the existing schemes, not to launch any new schemes, not to dispose of any of the properties or alienate any of the assets of the schemes and not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of the company."
SEBI said Samruddha Jeevan Foods was prima facie found to be engaged in fund mobilising activity from public by floating 'collective investment schemes' (CIS) as defined in Section 11AA of the SEBI Act.
Major expenses are mostly pre-planned. If they are unplanned, they may cause a deeper hole in our pocket that may be difficult to stitch quickly unless you follow simple and basic principles of investing throughout
A major expense may not only set us back financially but also psychologically. We may feel akin to having swum onshore aboard a sinking ship. There is cheer that a major task may have been accomplished but there is also despair that we may not know how to recoup our financial energy quickly.
Major expenses are mostly pre-planned. If they are unplanned, they may cause a greater hole in our pocket that may be difficult to stitch quickly.
I recently met a well educated (IIM graduate) professional, who had just been through a major medical expense (for his father). He asked me for help in reconstructing his financial future.
I tried my bit in enlightening him to start his investments engine with simple and basic principles. Strangely enough, he was unaware of the majority of following principles:
(Akshay Gupta is managing director and chief executive of Peerless MF)
Tarla Dalal died of heart attack Wednesday morning at her residence in South Mumbai
Tarla Dalal, known for her popular cookery show and several top selling books on cookery passed away on Wednesday morning following a fatal heart attack in Mumbai. She was 77.
This message was posted on Tarla Dalal's Facebook page by her team:
"We would like to thank all of you for your support and affection through the years of Mrs. Tarla Dalal's career. She is no more with us as she expired in the early hours of this morning. We thank her for all the happiness that her talent has given to us and our families..."
The celebrity chef was also awarded the Padma Shri in 2007.
She started taking cooking classes in Bombay in 1966 and published her first cookbook in 1974. The book was an instant success and went on to become a classic in cookery books and sold over 1.50 lakh copies.