SEBI filed an interlocutory application seeking a declaration that funds collected by the Corporate Debtor for an 'Art Fund' be kept outside the resolution process and a direction to the Resolution Professional to refund the amount to investors, as per a SEBI Order.
The Corporate Debtor, Osian's Connoisseurs of Art Private Limited, is an auction house and archive that also provides investment advisory and art custodial management services. In 2006, the Corporate Debtor settled a private Trust, Osian's Art Fund (Trust), under the Indian Trusts Act, 1882. Oseta Investments Trustee Company Private Limited (Trustee) was appointed as the Trustee, and the Corporate Debtor became the Asset Management Company of the Trust.
…The Corporate Debtor settled a private Trust…
SEBI issued a show cause notice to the…
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SEBI filed an interlocutory application seeking a declaration that funds collected by the Corporate Debtor for an 'Art Fund' be kept outside the resolution process and a direction to the Resolution Professional to refund the amount to investors, as per a SEBI Order.
The Corporate Debtor, Osian's Connoisseurs of Art Private Limited, is an auction house and archive that also provides investment advisory and art custodial management services. In 2006, the Corporate Debtor settled a private Trust, Osian's Art Fund (Trust), under the Indian Trusts Act, 1882. Oseta Investments Trustee Company Private Limited (Trustee) was appointed as the Trustee, and the Corporate Debtor became the Asset Management Company of the Trust.
…The Corporate Debtor settled a private Trust…
SEBI issued a show cause notice to the…
Sign in to view related legal provisions.