The Securities and Exchange Board of India (Sebi) is examining gold savings schemes offered by jewellers to check whether such offerings are flouting regulations on collective investment schemes.
Sebi is gathering brochures and pamphlets from at least a dozen jewellers, including Tanishq (Titan Company), Gitanjali Gems and PC Jeweller, which operate gold deposit schemes.
“Sebi has a view that jewellers have worked around the regulations and have launched new schemes that do not adhere to the rules,” said a person familiar with the development.
