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SEBI cracks the whip on an agri-investment startup?
Finshots Daily
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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