SEBI cracks the whip on an agri-investment startup?
Finshots Daily
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Loophole Exploitation for Investor Attraction
The lack of specificity in the law regarding the number of partners and the amount of capital that can be invested allowed Gropital to exploit a loophole and attract investors. However, SEBI was concerned that mobilizing funds from a group of investors might necessitate regulation under the collective investment scheme regulations.
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