Andhra Pradesh, Karnataka, Kerala, Tamilnadu, Pondicherry and Lakshadweep & Minicoy.
Investors may however note that as a regulatory body SEBI cannot guarantee or undertake the repayment of money to the investors. It is SEBI's endeavour to educate the investors of the general risk perception of such schemes.
Investors can also approach District Consumer Redressal forums in case entities fail to honour their commitments or for any deficiency in service.
For bouncing of cheques, investors can move the Courts under section 138 of the Negotiable Instruments Act. The right to file criminal complaint exclusively vests with the beneficiary of the cheque.
Investors should note that wherever they do not have a right to the land or to the produce arising out of the land such investment may be a deposit and where a company fails to repay the deposits, it attracts the provisions of section 58A of the Indian Companies Act, 1956. It is clarified that SEBI has no jurisdiction over such deposits.
Please send your queries related to investments in shares/mutual funds etc. to gopinath@utisel.com