Sebi bars PACL from raising money from investors
Sunday, 24 August 2014
MUMBAI, Aug 23 (ET Bureau): The Securities & Exchange Board of India (Sebi) has barred Delhi-based PACL, its promoters and directors from raising any money from investors, effectively shutting down one of India's largest collective investment schemes (CIS), with a corpus of nearly Rs 5000 billlion.