Calcutta HC issues notice in plea to declare assured return on equity investment illegalJuly 15 2019
The Calcutta High Court has issued notice in a plea seeking a direction to the Central Government and the Reserve Bank of India to frame guidelines clarifying that an assured return on equity investment is illegal.
The petition filed through advocate Sanjib Kumar Ghosh alleges that “optionality clauses” which provide assured return on equity investment, by their very nature, are illegal in India.
It is the petitioner’s case that such investment agreements on assured return on equity are in the teeth of . . .
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