SEBI Warning on Sunshine Global Agro Properties
Why in the news
SEBI cautioned people against buying or occupying assets of Sunshine Global Agro, after finding illegal purchases and trespass.
Background
| Year | Action |
|---|---|
| 2014 | Barred from raising funds or new schemes; it ran an unauthorised CIS selling Jatropha groups and plants |
| 2019 | Company and directors barred from disposing assets, except for refunds |
| Later | Recovery 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.