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SEBI Warning on Sunshine Global Agro Properties

7 March 20251 min read
BANKING & FINANCESEBI Warning onSunshine GlobalAgro Properties7 March 2025safalsetu.com

Why in the news

SEBI cautioned people against buying or occupying assets of Sunshine Global Agro, after finding illegal purchases and trespass.

Background

YearAction
2014Barred from raising funds or new schemes; it ran an unauthorised CIS selling Jatropha groups and plants
2019Company and directors barred from disposing assets, except for refunds
LaterRecovery proceedings began after non-compliance

Advice

  • Avoid such deals and verify ownership records; illegal possession invites legal action.

Exam angle

  • Earlier name: Sunshine Forestry Pvt. Ltd.; regulator: SEBI.

Test yourself

1. SEBI barred Sunshine Global Agro in 2014 for running which kind of unauthorised scheme involving Jatropha plants?

The firm ran an unauthorised Collective Investment Scheme.

2. Sunshine Global Agro, subject of a SEBI public warning, was earlier known by what name?

It was formerly Sunshine Forestry Pvt. Ltd.

3. What did SEBI's 2019 directive on Sunshine Global Agro and its directors prohibit?

SEBI barred selling or disposing of assets except to refund investors.