PR No. 59/2016

Caution to the Investors

1. Some unlisted companies are luring retail investors by issuing  securities  including non-convertible and convertible debentures/ non-convertible and convertible preference  shares/ equity shares in the garb of private placement,  without  complying with the provisions of Companies Act, 1956 read  with  the Companies Act, 2013, SEBI (Issue and Listing of  Debt Securities), Regulations, 2008, SEBI (Issue and Listing of  Non-Convertible  Redeemable Preference Shares), Regulations, 2013 and SEBI (Issue of capital and Disclosure Requirements) Regulations, 2009.

2. Any offer of securities made to 50 or more persons has to be construed as a “Public Offer” under the provisions of Companies Act, 1956.

3. Under Companies Act, 2013, “Private Placement” shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe.  Further, in case of private placements, the company shall not release any public advertisements or utilise any media, marketing or distribution channels or agents to inform the public at large about such an offer. Further, such offer or invitation shall not be made to more than 200 persons in the aggregate in a financial year.

4. As per the provisions of Companies Act, 2013 and SEBI Regulations, no issuer shall make public issue of these securities, unless it has made application to the recognized Stock Exchange(s) for listing of such securities. Further, the issuer, among the other things, is required to file the offer document with RoC/Stock Exchange/SEBI etc. The issuer has to make disclosures about the issuer company, the promoters of the company, the risk factors etc.

5. SEBI has taken action against 233 (as on March 15, 2016)  such entities for issuance of securities in the form of non-convertible and convertible preference shares/ non-convertible and convertible debentures/ equity shares to public, without complying with the prescribed provisions of law as referred in Para 1, 2, 3 & 4 above.

6. List of the Companies against whom orders have been passed by SEBI is given below with this press release. The orders are also available on SEBI website at www.sebi.gov.in

7. SEBI has also passed orders against entities/ individuals who have acted as debenture trustees for debt issuance of companies without being registered with SEBI as Debenture Trustee as per SEBI Act, 1992.

8. Companies are cautioned not to issue securities to public without complying with provisions of law as referred in Para 1, 2, 3 & 4 above, failing which SEBI will be constraint to take stringent action against such companies and their directors.

9. Investors are also cautioned not to subscribe to such issues. Investors are advised to see whether any such entity has filed offer document or filed application with Stock Exchange for listing.

10.Individuals/Entities acting as Debenture Trustees without being registered with SEBI, are advised not to act in the said capacity.

Order passed in respect of Deemed public issues as on March 15, 2016
Sr. No.Name of the EntityLocation of the EntityDate of Order
1Kunnamkulam Paper Mills LtdKerala10.04.2003
2Sahara India Real Estate Corporation LtdUttar Pradesh23.06.2011
3Sahara Housing Investment Corporation LtdMaharshtra23.06.2011
4SGI Research & Analysis Ltd.Delhi11.01.2013
5Prayag Infotech Hi-Rise LimitedWest Bengal18.02.2014
6Vibgyor Allied Infrastructure LtdWest Bengal20.02.2014
7Kolkata Weir Industries LimitedWest Bengal30.04.2014
8Ramel Industries LtdWest Bengal15.05.2014
9Idol India Infrastructures LimitedMadhya Pradesh19.05.2014
10Seashore Securities LtdOdisha23.07.2014
11I core Eservices LtdWest Bengal25.07.2014
12Falkon Industries India LimitedWest Bengal08.08.2014
13Progress Cultivation LimitedWest Bengal14.08.2014
14Regenix Drugs LimitedTamil Nadu10.11.2014
15Real Tulip India LimitedMadhya Pradesh11.11.2014
16Micro Leasing and funding LtdOdisha21.11.2014
17Angel Rural Deveopment LimitedMadhya Pradesh21.11.2014
18NVD Solar LimitedWest Bengal27.11.2014
19Sampriti Projects LimitedWest Bengal28.11.2014
20Swarnabhumi Developers LimitedWest Bengal02.12.2014
21SLB Invest (India) LimitedOdisha03.12.2014
22Mass Infra Realty LimitedWest Bengal04.12.2014
23Midas Touch Assets & Securities LimitedOdisha09.12.2014
24Option One Industries LtdMadhya Pradesh16.12.2014
25Golden Life Agro India LimitedWest Bengal07.01.2015
26Dynamic Asset Management LimitedOdisha09.01.2015
27Micro Finance LtdOdisha14.01.2015
28MPA Agro – Animals Projects LtdWest Bengal21.01.2015
29Chakra Infrastructure LimitedWest Bengal29.01.2015
30Basil International LimitedDelhi06.02.2015
31Greater Kolkata Infrastructure LimitedWest Bengal06.02.2015
32Sukhchain Hire Purchase LimitedMadhya Pradesh11.02.2015
33Adamant Infrastructure LtdMadhya Pradesh11.02.2015
34ATM Agro Industries India LimitedWest Bengal12.02.2015
35ATM Agro Projects India LimitedWest Bengal12.02.2015
36Rightmax Technotrade International LimitedKarnataka20.02.2015
37GBC Enterprise LimitedWest Bengal20.02.2015
38Nirmal Infrahome Corporation LtdMadhya Pradesh20.02.2015
39Tribhuvan Agro projects LtdWest Bengal24.02.2015
40Target People Social Security Scheme Micro Finance LtdTamil Nadu04.03.2015
41Fishermen Development Micro Finance Ltd.Tamil Nadu04.03.2015
42ERIL Mutual Benefit India LimitedJharkhand04.03.2015
43Promotech Infratech LimitedWest Bengal05.03.2015
44Mega Mould India LimitedWest Bengal05.03.2015
45Asoka Life Science LimitedWest Bengal11.03.2015
46Maxbe Green Provision LimitedWest Bengal13.03.2015
47Jeevan Suraksha Real Estate LimitedWest Bengal13.03.2015
48Real Sunshine Corp Limited and its DirectorsMadhya Pradesh13.03.2015
49Rista Fisheries & Infrastructure LimitedWest Bengal16.03.2015
50Cell Industries LimitedWest Bengal17.03.2015
51Sunshine Hi-Tech Infracon Ltd.Gujarat17.03.2015
52GSHP Realtech LimitedWest Bengal18.03.2015
53Goldmine Food Products LimitedWest Bengal19.03.2015
54SCL Steel Corporation LilmitedMadhya Pradesh19.03.2015
55URO Hygeinic Goods LimtedWest Bengal19.03.2015
56URO Infotech LimitedWest Bengal19.03.2015
57URO Life care LimitedWest Bengal19.03.2015
58URO Walkers LimitedWest Bengal19.03.2015
59URO Infra Realty India imitedWest Bengal19.03.2015
60KKDIL Nidhi Ltd.Odisha20.03.2015
61Real Agri Industries & Services LimitedWest Bengal20.03.2015
62Rhine & Raavi Credits and Holdings LimitedDelhi27.03.2015
63Shivalik Cotex LtdDelhi27.03.2015
64Green India Infra ProjectsOdisha27.03.2015
65Equinox Infratech LimitedMadhya Pradesh30.03.2015
66Morningstar Ventures LimitedWest Bengal30.03.2015
67Fantasy Infraventure & Agrimart LimitedUttar Pradesh30.03.2015
68Affiance Industries LimitedWest Bengal31.03.2015
69Polaris Agro Industries LimitedWest Bengal01.04.2015
70Mangalam Agro Products LimitedWest Bengal06.04.2015
71Mount Vision Industries India LtdMadhya Pradesh22.04.2015
72Sankalp Projects LimitedWest Bengal24.04.2015
73Nixcil Pharmaceuticals Specialities LimitedUttar Pradesh24.04.2015
74Phenix Properties LimitedAssam24.04.2015
75Sunplant Forgings LimitedWest Bengal29.04.2015
76Great Overseas Commodeal LimitedWest Bengal06.05.2015
77Bishal Horticulture & Animal Projects LimitedWest Bengal06.05.2015
78Bishal Distillers LimitedWest Bengal06.05.2015
79Bishal Agri–Bio Industries LimitedWest Bengal06.05.2015
80Bishal Abasan India LimitedWest Bengal06.05.2015
81Suraksha Industries India LimitedBihar07.05.2015
82Nava Diganta Capital Services LimitedOdisha07.05.2015
83Waris Healthcare LimitedWest Bengal07.05.2015
84Subha Commercial Services LimitedTripura08.05.2015
85MRS Agrotech India LimitedMadhya Pradesh08.05.2015
86RBX Land Developers India LimitedMadhya Pradesh12.05.2015
87Gulshan Nirman India LimitedChhattisgarh12.05.2015
88Wasankar Wealth Management LimitedMaharashtra18.05.2015
89Verinder Finance LtdJammu& Kashmir20.05.2015
90Amazan Capital LimitedWest Bengal25.05.2015/

29.05.2015

91Dolphin Universal Rural Development LimitedMadhya Pradesh27.05.2015
92Cemendia Infrastructures LimitedMadhya Pradesh29.05.2015
93Sun-Plant Business LimitedWest Bengal03.06.2015
94Neesa Technologies LimitedGujarat03.06.2015
95ASSR Agro India LimitedWest Bengal04.06.2015
96STPL Infrastructures LimitedMadhya Pradesh05.06.2015
97AVM Real Estate & Allied LimitedChhattisgarh05.06.2015
98Polaris Realtors IndiaLimitedMadhya Pradesh15.06.2015
99Bhabiswajyoti Infrastructure India LimitedMadhya Pradesh17.06.2015
100Gitanjali Udyog LimitedWest Bengal17.06.2015
101Cell Realcon Corporation LimitedMadhya Pradesh17.06.2015
102Eris Energy LimitedMadhya Pradesh18.06.2015
103Greenbang Agro LimitedWest Bengal18.06.2015
104Goldmine Agro LimitedWest Bengal19.06.2015
105Goldmine Industries LimitedMadhya Pradesh22.06.2015
106Omisha Agri Industries (India) LimitedMadhya Pradesh22.06.2015
107Waris Finance and Investment LimitedWest Bengal23.06.2015
108Jugantor Realty LimitedWest Bengal23.06.2015
109Matribhumi Projects (I) LimitedWest Bengal23.06.2015
110Annex Infrastructure India LimitedWest Bengal24.06.2015
111Active Rural Development India LimitedMadhya Pradesh25.06.2015
112United Medicine and Surgical Industries LimitedWest Bengal25.06.2015
113Angel Allied India LimitedPunjab29.06.2015
114Life Care Infrastructures India LimitedMadhya Pradesh29.06.2015
115Vishwamitra International Infra LtdMadhya Pradesh30.06.2015
116Shah Group Builders LtdMaharashtra01.07.2015
117Megasys Healthcare LimitedMadhya Pradesh02.07.2015
118Aspen Nirman India LimitedMadhya Pradesh15.07.2015
119Siyaram Development and Construction LimitedKarnataka17.07.2015
120Swasata Steel Industries LimitedWest Bengal17.07.2015
121Madurai Rural Development Transformation India LimitedTamil Nadu17.07.2015
122Madurai Rural Development Benefit Fund (India) LimitedTamil Nadu17.07.2015
123Swasata Cement LimitedWest Bengal21.07.2015
124Togo Retail Marketing LimitedDelhi22.07.2015
125Pinnacle Ventures India LimitedWest Bengal24.07.2015
126Weird Infrastructure Corporation LimitedUttar Pradesh24.07.2015
127Pailan Park Development Authority LimitedWest Bengal27.07.2015
128Pailan Agro India LimitedJammu& Kashmir27.07.2015
129DGR Farms & Leisures LtdMadhya Pradesh30.07.2015
130Kerala Housing Finance LimitedKerala31.07.2015/ 20.11.2015
131Rising Agrotech LimitedWest Bengal03.08.2015
132Alchemist Capital Limited (formerly known as Toubro Holdings Limited)Chandigarh03.08.2015
133Kolkata Aryan Food Industries LimitedWest Bengal03.08.2015
134PAFL Industries LimitedWest Bengal05.08.2015
135Eminence Infra Projects LimitedWest Bengal06.08.2015
136Rahul Inn Hospitality LimitedBihar06.08.2015
137Skymarg Agro Industries India LimitedWest Bengal07.08.2015
138Astha India Infra-tech LimitedWest Bengal11.08.2015
139Aryan Agro Projects India LimitedWest Bengal12.08.2015
140Magnox Infraprojects LimitedWest Bengal13.08.2015
141Alchemist Holdings LtdDelhi14.08.2015
142Torsa Agro projects LtdWest Bengal14.08.2015
143Aspen Projects India LimitedWest Bengal14.08.2015
144Aditya Global Industries LimitedWest Bengal19.08.2015
145Waris Agrotech (India) LimitedWest Bengal24.08.2015
146Purusattam Infotech Industries LimitedWest Bengal25.08.2015
147Sunshine Infrabuild Corporation LtdDelhi04.09.2015
148Life Care Infra Tech LimitedUttar Pradesh14.09.2015
149Federal Agro Commercial LimitedOdisha29.09.2015
150BNP Real Estate and Allied LtdMadhya Pradesh29.09.2015
151Adorable Agrotech Ltd.West Bengal01.10.2015
152Rahul Hi Rise LimitedWest Bengal01.10.2015
153Sunheaven Agro India LimitedWest Bengal08.10.2015
154Vaastav ALR International LimitedWest Bengal09.10.2015
155Bharat Krishi Samridhi Industries LimitedWest Bengal09.10.2015
156Shine India Infra Project LimitedWest Bengal09.10.2015
157Idol India Projects LimitedWest Bengal09.10.2015
158Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited)West Bengal12.10.2015
159Suraksha Agrotech Industries LimitedWest Bengal12.10.2015
160Just Reliable Projects India LtdWest Bengal13.10.2015
161Abyss Assam Real Estate LimitedAssam13.10.2015
162Orchid Cultivation Projects India LimitedWest Bengal15.10.2015
163Yash Dream Real Estate Ltd.Chhattisgarh15.10.2015
164Newland Agro Industries LimitedWest Bengal19.10.2015
165Infinity Realcon LimitedWest Bengal19.10.2015
166Megasys Medi Life LtdWest Bengal19.10.2015
167Weird Industries LimitedWest Bengal21.10.2015
168En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited)Delhi04.11.2015
169AapnaPariwar Agro Farming Developers India LimitedWest Bengal09.11.2015
170Vasundhara Realcon LimitedWest Bengal10.11.2015
171United Cosmetics Manufacturing (I) LimitedWest Bengal20.11.2015
172Suncity Infracon Corporation (India) LimitedAssam20.11.2015
173Helios Corporation LtdBihar20.11.2015
174Helios Chemicals LimitedBihar20.11.2015
175Digstar Projects LimitedWest Bengal01.12.2015
176Suraksha Family Services LimitedWest Bengal01.12.2015
177IMAX Projects India LimitedWest Bengal01.12.2015
178GreenTouch Projects LimitedWest Bengal01.12.2015
179Ramel Pharma LimitedWest Bengal02.12.2015
180Arcava Enterprises LimitedWest Bengal02.12.2015
181Swabhumi Real Estate India LimitedWest Bengal02.12.2015
182G R Agro Project LimitedWest Bengal03.12.2015
183Regal Hitech Agro Projects (India) LimitedWest Bengal03.12.2015
184Life Care Real Developers LimitedDelhi09.12.2015
185Adarsh Wealth Ventures LimitedOdisha10.12.2015
186AM Fund Managers LimitedOdisha10.12.2015
187Real Vision International LimitedOdisha10.12.2015
188Vista Management Services LimitedOdisha11.12.2015
189Hum Projects LimitedWest Bengal11.12.2015
190Moonlight Associates LimitedAssam15.12.2015
191Sarada Pleasure and Adventure LimitedBihar28.12.2015
192Multi Purpose Bios India LimitedWest Bengal29.12.2015
193Prayas Projects India LimitedWest Bengal29.12.2015
194Hahnemann Herbal LimitedOdisha30.12.2015
195Sunplant Constructions LimitedWest Bengal31.12.2015
196Krutibibha Corporation LimitedOdisha31.12.2015
197Astha Green Energy Ventures India Ltd.Telangana01.01.2016
198R B Horticulture & Animal Project LimitedWest Bengal08.01.2016
199Express Cultivation LimitedWest Bengal08.01.2016
200Milan and Milan International LimitedOdisha12.01.2016
201RTC Properties India LimitedWest Bengal14.01.2016
202SEBA Real Estate LimitedAssam15.01.2016
203Mondal Constructions Company LimitedWest Bengal15.01.2016
204Bharatiya Real Estate Development LtdWest Bengal21.01.2016
205Vaibhav Pariwar India Projects LimitedWest Bengal22.01.2016
206Amazan Agro Products LimitedWest Bengal22.01.2016
207MBK Business Development (India) LimitedWest Bengal04.02.2016
208Ramel Real Estate Infrastructure LtdWest Bengal08.02.2016
209Q&B Retail LtdDelhi10.02.2016
210Ambitious Diversified Projects Management LimitedWest Bengal15.02.2016
211Tresty Securities LtdOdisha16.02.2016
212Suvidha Land Developers India LimitedMadhya Pradesh16.02.2016
213SunTechno International LimitedWest Bengal17.02.2016
214Jivan Sathi Dream Projects LimitedWest Bengal17.02.2016
215Dreamland Industries LtdWest Bengal17.02.2016
216Prism Infracon LimitedWest Bengal18.02.2016
217Hooghly Agrotech LimitedWest Bengal23.02.2016
218Amrit Projects (N.E) LimitedAssam23.02.2016
219Golden Heaven Agro Project india LimitdWest Bengal23.02.2016
220Everlight Realcon Infrastructure LtdJharkhand23.02.2016
221Vikdas Industries Ltd.West Bengal24.02.2016
222MARS Agrofarm Developers LimitedWest Bengal26.02.2016
223Astha Techno Realty India LimitedWest Bengal26.02.2016
224Amrit Projects LimitedWest Bengal26.02.2016
225Infocare Infra LimitedWest Bengal01.03.2016
226Angela Agrotech LimitedWest Bengal01.03.2016
227Ravi Kiran Realty India LimitedWest Bengal01.03.2016
228Shreysth Production Industries LimitedWest Bengal02.03.2016
229Shristi Procon LimitedWest Bengal02.03.2016
230Pious Agro Industries LimitedWest Bengal02.03.2016
231I-Nova Solutions LimitedWest Bengal02.03.2016
232Silicon Projects LimitedWest Bengal03.03.2016
233Shankalp Food and Beverages LimitedWest Bengal04.03.2016

Mumbai

March 16, 2016

Posted Under

Category : SEBI (1624)
Tags : SEBI notifications (1023)