PR No.

114/2016

Order in the matter of Religare Arts Investment Management Limited

Shri Prashant Saran, Whole Time Member, SEBI, has passed an order on June 15th, 2016 under Section 19 of the
Securities and Exchange Board of India Act, 1992 read with Sections 11 and 11B in the matter of Religare Arts
Investment Management Limited.

The order directed Religare Arts Investment Management Limited and Religare Arts Initiative Limited not to collect
any money from the investors or launch or carry out any Collective Investment Schemes including the scheme
which have been identified as a Collective Investment Scheme in the said Order. Additionally, the order directed
Religare Arts Investment Management Limited and Religare Arts Initiative Limited to refund the monies collected
under its scheme with returns which are due to its investors as per the terms of the offer, within a period of three
months from the date of the said Order and thereafter, within a period of fifteen days, submit a compliance report to
SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds
claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors
acknowledging such refunds.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
June 16, 2016

page: 1

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