Securities and Exchange Board of India

Press Release

PR No. 8/2017

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.

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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 256 (as on January 10, 2017)  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 January 10, 2017
Sr. No. Name of the Entity Location of the Entity Date of Order
1 Kunnamkulam Paper Mills Ltd Kerala 10.04.2003
2 Sahara India Real Estate Corporation Ltd Uttar Pradesh 23.06.2011
3 Sahara Housing Investment Corporation Ltd Maharshtra 23.06.2011
4 SGI Research & Analysis Ltd. Delhi 11.01.2013
5 Prayag Infotech Hi-rise Limited West Bengal 18.02.2014
6 Vibgyor Allied Infrastructure Ltd West Bengal 20.02.2014
7 Kolkata Weir Industries Limited West Bengal 30.04.2014
8 Ramel Industries Ltd West Bengal 15.05.2014
9 Idol India Infrastructures Limited Madhya Pradesh 19.05.2014
10 Seashore Securities Ltd West Bengal 23.07.2014
11 I core Eservices Ltd West Bengal 25.07.2014
12 Media 9th Creations limited West Bengal 06.08.2014
13 URO Autotech Ltd West Bengal 01.09.2014
14 Regenix Drugs Limited Tamilnadu 10.11.2014
15 Real Tulip India Limited Madhya Pradesh 11.11.2014
16 Angel Rural Development Limited Madhya Pradesh 21.11.2014
17 NVD Solar Limited West Bengal 27.11.2014
18 Midas Touch Assets & Securities Limited West Bengal 09.12.2014
19 Option One Industries Ltd Madhya Pradesh 16.12.2014
20 Golden Life Agro India Limited West Bengal 07.01.2015
21 MPA Agro – Animals Projects Ltd West Bengal 21.01.2015
22 Basil International Limited Delhi 06.02.2015
23 Greater Kolkata Infrastructure Limited West Bengal 06.02.2015
24 Nirmal Infrahome Corporation Ltd Madhya Pradesh 20.02.2015
25 Sahara India Commercial Corporation Limited West Bengal 20.02.2015
26 Target People Social Security Scheme Micro Finance Ltd Tamilnadu 04.03.2015
27 Fishermen Development Micro Finance Ltd. Tamilnadu 04.03.2015
28 ERIL Mutual Benefit India Limited West Bengal 04.03.2015
29 Promotech Infratech Limited West Bengal 05.03.2015
30 Mega Mould India Limited West Bengal 05.03.2015
31 Asoka Life Science Limited West Bengal 11.03.2015
32 Real Sunshine Corp Limited and its Directors Madhya Pradesh 13.03.2015
33 Sunshine Hi-Tech Infracon Ltd. Madhya Pradesh 17.03.2015
34 GSHP Realtech Limited West Bengal 18.03.2015
35 SCL Steel Corporation Limited Madhya Pradesh 19.03.2015
36 URO Hygeinic Goods Limted West Bengal 19.03.2015
37 URO Infotech Limited West Bengal 19.03.2015
38 URO Life care Limited West Bengal 19.03.2015
39 URO Walkers Limited West Bengal 19.03.2015
40 URO Infra Realty India Limited West Bengal 19.03.2015
41 Rhine &Raavi Credits and Holdings Limited Delhi 27.03.2015
42 Fantasy Infraventure & Agrimart Limited Uttar Pradesh 30.03.2015
43 Mangalam Agro Products Limited West Bengal 06.04.2015
44 Nixcil Pharmaceuticals Specialities Limited Uttar Pradesh 24.04.2015
45 Sunplant Forgings Limited West Bengal 29.04.2015
46 Suraksha Industries India Limited Bihar 07.05.2015
47 Nava Diganta Capital Services Limited Odisha 07.05.2015
48 Gulshan Nirman India Limited Chhattisgarh 12.05.2015
49 Wasankar Wealth Management Limited Maharashtra 18.05.2015
50 Verinder Finance Ltd Jammu & Kashmir 20.05.2015
51 Amazan Capital Limited West Bengal 20.05.2015/

29.05.2015

52 Sun-Plant Business Limited West Bengal 03.06.2015
53 ASSR Agro India Limited West Bengal 04.06.2015
54 Polaris Realtors India Limited Madhya Pradesh 15.06.2015
55 Bhabiswajyoti Infrastructure India Limited Madhya Pradesh 17.06.2015
56 Cell Realcon Corporation Limited Madhya Pradesh 17.06.2015
57 Greenbang Agro Limited West Bengal 18.06.2015
58 Goldmine Agro Limited West Bengal 19.06.2015
59 Active Rural Development India Limited Madhya Pradesh 25.06.2015
60 Angel Allied India Limited Punjab 29.06.2015
61 Life Care Infrastructures India Limited Madhya Pradesh 29.06.2015
62 Shah Group Builders Ltd Maharashtra 01.07.2015
63 Aspen Nirman India Limited Madhya Pradesh 15.07.2015
64 Madurai Rural Development Transformation India Limited Tamilnadu 17.07.2015
65 Madurai Rural Development Benefit Fund (India) Limited Tamilnadu 17.07.2015
66 Siyaram Development and Construction Limited Karnataka 17.07.2015
67 Swasata Steel Industries Limited West Bengal 17.07.2015
68 Swasata Cement Limited West Bengal 21.07.2015
69 Togo Retail Marketing Limited Delhi 22.07.2015
70 Pinnacle Ventures India Limited West Bengal 24.07.2015
71 Weird Infrastructure Corporation Limited Uttar Pradesh 24.07.2015
72 Pailan Park Development Authority Limited West Bengal 27.07.2015
73 Pailan Agro India Limited Jammu& Kashmir 27.07.2015
74 DGR Farms & Leisures Ltd Madhya Pradesh 30.07.2015
75 Kerala Housing Finance Limited Kerala 31.07.2015
76 Rising Agrotech Limited West Bengal 03.08.2015
77 Alchemist Capital Limited (formerly known as Toubro Holdings Limited) Punjab 03.08.2015
78 Kolkata Aryan Food Industries Limited West Bengal 03.08.2015
79 Togo Retail Marketing Limited Delhi 05.08.2015
80 PAFL Industries Limited West Bengal 05.08.2015
81 Eminence Infra Projects Limited West Bengal 06.08.2015
82 Rahul Inn Hospitality Limited Bihar 06.08.2015
83 Skymarg Agro Industries India Limited West Bengal 07.08.2015
84 Magnox Infraprojects Limited West Bengal 13.08.2015
85 Alchemist Holdings Ltd Delhi 14.08.2015
86 Torsa Agro projects Ltd West Bengal 14.08.2015
87 Aspen Projects India Limited West Bengal 14.08.2015
88 Aditya Global Industries Limited West Bengal 19.08.2015
89 Waris Agrotech (India) Limited West Bengal 24.08.2015
90 Purusattam Infotech Industries Limited West Bengal 25.08.2015
91 Sunshine Infrabuild Corporation Ltd Delhi 04.09.2015
92 Life Care Infra Tech Limited Uttar Pradesh 14.09.2015
93 Federal Agro Commercial Limited Odisha 29.09.2015
94 BNP Real Estate and Allied Ltd Madhya Pradesh 29.09.2015
95 Adorable Agrotech Ltd. West Bengal 01.10.2015
96 Rahul Hi Rise Limited West Bengal 01.10.2015
97 Sunheaven Agro India Limited West Bengal 08.10.2015
98 Vaastav ALR International Limited West Bengal 09.10.2015
99 Bharat Krishi Samridhi Industries Limited West Bengal 09.10.2015
100 Shine India Infra Project Limited West Bengal 09.10.2015
101 Idol India Projects Limited West Bengal 09.10.2015
102 Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited) West Bengal 12.10.2015
103 Suraksha Agrotech Industries Limited West Bengal 12.10.2015
104 Just Reliable Projects India Ltd West Bengal 13.10.2015
105 Abyss Assam Real Estate Limited Assam 13.10.2015
106 Yash Dream Real Estate Ltd. Chhattisgarh 15.10.2015
107 Orchid Cultivation Projects India Limited West Bengal 15.10.2015
108 Newland Agro Industries Limited West Bengal 19.10.2015
109 Infinity Realcon Limited West Bengal 19.10.2015
110 Megasys Medi Life Ltd West Bengal 19.10.2015
111 Weird Industries Limited West Bengal 21.10.2015
112 Falkon Industries India Limited West Bengal 21.10.2015
113 En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited) Delhi 04.11.2015
114 AapnaPariwar Agro Farming Developers India Limited West Bengal 09.11.2015
115 Vasundhara Realcon Limited West Bengal 10.11.2015
116 Helios Corporation Ltd West Bengal 20.11.2015
117 Helios Chemicals Limited West Bengal 20.11.2015
118 Kerala Housing Finance Limited Kerala 20.11.2015
119 SuncityInfracon Corporation (India) Limited Assam 20.11.2015
120 Digstar Projects Limited West Bengal 01.12.2015
121 Suraksha Family Services Limited West Bengal 01.12.2015
122 IMAX Projects India Limited West Bengal 01.12.2015
123 GreenTouch Projects Limited West Bengal 01.12.2015
124 Ramel Pharma Limited West Bengal 02.12.2015
125 Arcava Enterprises Limited West Bengal 02.12.2015
126 Swabhumi Real Estate India Limited West Bengal 02.12.2015
127 G R Agro Project Limited West Bengal 03.12.2015
128 Regal Hitech Agro Projects (India) Limited West Bengal 03.12.2015
129 Life Care Real Developers Limited Delhi 09.12.2015
130 Adarsh Wealth Ventures Limited Odisha 10.12.2015
131 AM Fund Managers Limited Odisha 10.12.2015
132 Real Vision International Limited Odisha 10.12.2015
133 Vista Management Services Limited Odisha 11.12.2015
134 Hum Projects Limited West Bengal 11.12.2015
135 Moonlight Associates Limited West Bengal 15.12.2015
136 Sarada Pleasure and Adventure Limited Bihar 28.12.2015
137 Multi-Purpose Bios India Limited West Bengal 29.12.2015
138 Prayas Projects India Limited West Bengal 29.12.2015
139 Hahnemann Herbal Limited Odisha 30.12.2015
140 Sunplant Constructions Limited West Bengal 31.12.2015
141 Krutibibha Corporation Limited Odisha 31.12.2015
142 Astha Green Energy Ventures India Ltd. Telangana 01.01.2016
143 R B Horticulture & Animal Project Limited West Bengal 08.01.2016
144 Express Cultivation Limited West Bengal 08.01.2016
145 Milan and Milan International Limited Odisha 12.01.2016
146 RTC Properties India Limited West Bengal 14.01.2016
147 SEBA Real Estate Limited Assam 15.01.2016
148 Mondal Constructions Company Limited West Bengal 15.01.2016
149 Maxbe Green Provision Limited West Bengal 15.01.2016
150 Bharatiya Real Estate Development Ltd West Bengal 21.01.2016
151 Vaibhav Pariwar India Projects Limited West Bengal 22.01.2016
152 Amazan Agro Products Limited West Bengal 22.01.2016
153 MBK Business Development (India) Limited West Bengal 04.02.2016
154 Ramel Real Estate Infrastructure Ltd West Bengal 08.02.2016
155 Q&B Retail Ltd Delhi 10.02.2016
156 Ambitious Diversified Projects Management Limited West Bengal 15.02.2016
157 Tresty Securities Ltd Odisha 16.02.2016
158 Suvidha Land Developers India Limited Madhya Pradesh 16.02.2016
159 Sun Techno International Limited West Bengal 17.02.2016
160 Jivan Sathi Dream Projects Limited West Bengal 17.02.2016
161 Dreamland Industries Ltd West Bengal 17.02.2016
162 Prism Infracon Limited West Bengal 18.02.2016
163 Win Realcon Limited West Bengal 18.02.2016
164 Hooghly Agrotech Limited West Bengal 23.02.2016
165 Amrit Projects (N.E) Limited Assam 23.02.2016
166 Golden Heaven Agro Project India Limited West Bengal 23.02.2016
167 Everlight Realcon Infrastructure Ltd Jharkhand 23.02.2016
168 Vikdas Industries Ltd. West Bengal 24.02.2016
169 MARS Agrofarm Developers Limited West Bengal 26.02.2016
170 Astha Techno Realty India Limited West Bengal 26.02.2016
171 Amrit Projects Limited West Bengal 26.02.2016
172 Infocare Infra Limited West Bengal 01.03.2016
173 Angela Agrotech Limited West Bengal 01.03.2016
174 Ravi Kiran Realty India Limited West Bengal 01.03.2016
175 Shreysth Production Industries Limited West Bengal 02.03.2016
176 Shristi Procon Limited West Bengal 02.03.2016
177 Pious Agro Industries Limited West Bengal 02.03.2016
178 I-Nova Solutions Limited West Bengal 02.03.2016
179 Rista Fisheries & Infrastructure Limited West Bengal 02.03.2016
180 Sampriti Projects Limited West Bengal 02.03.2016
181 Goldmine Food Products Limited West Bengal 02.03.2016
182 Polaris Agro Industries Limited West Bengal 02.03.2016
183 Silicon Projects Limited West Bengal 03.03.2016
184 Shankalp Food and Beverages Limited West Bengal 04.03.2016
185 Jeevan Suraksha Real Estate Limited West Bengal 16.03.2016
186 Swarnabhumi Developers Limited West Bengal 16.03.2016
187 Rising Agrotech Limited West Bengal 16.03.2016
188 Roofers Infa-Projects Limited West Bengal 18.03.2016
189 Subha Commercial Services Limited Tripura 22.03.2016
190 Progress Cultivation Limited West Bengal 22.03.2016
191 Micro Leasing and funding Ltd Odisha 31.03.2016
192 Chakra Infrastructure Limited West Bengal 20.04.2016
193 Real Agri Industries and Services Limited West Bengal 20.04.2016
194 Dynamic Asset Management Limited Odisha 20.04.2016
195 SLB Invest (India) Limited Odisha 22.04.2016
196 Chakra Infrastructure Limited West Bengal 22.04.2016
197 Mass Infra Realty Limited West Bengal 25.04.2016
198 Phenix Properties Limited Assam 27.04.2016
199 Sankalp Projects Limited West Bengal 28.04.2016
200 Tribhuvan Agro projects Ltd West Bengal 28.04.2016
201 ATM Agro Industries India Limited West Bengal 29.04.2016
202 ATM Agro Projects India Limited West Bengal 02.05.2016
203 GBC Enterprise Limited West Bengal 06.05.2016
204 Affiance Industries Limited West Bengal 09.05.2016
205 Cell Industries Limited West Bengal 12.05.2016
206 Bishal Horticulture & Animal Projects Limited West Bengal 16.05.2016
207 Bishal Distillers Limited West Bengal 16.05.2016
208 Bishal Agri–Bio Industries Limited West Bengal 16.05.2016
209 Bishal Abasan India Limited West Bengal 16.05.2016
210 JeevanSuraksha Real Estate Limited West Bengal 20.05.2016
211 Neesa Technologies Limited Gujarat 02.06.2016
212 Sukhchain Hire Purchase Limited Madhya Pradesh 07.06.2016
213 Riju Cement Limited West Bengal 07.07.2016
214 Shine India Agro Industries Limited West Bengal 07.07.2016
215 Multinational Industries Limited West Bengal 07.07.2016
216 Gurukul Projects Limited West Bengal 07.07.2016
217 Roofers Capital Management Limited West Bengal 07.07.2016
218 URO agro India Limited West Bengal 07.07.2016
219 Lokmangal Agro Industries Ltd Maharashtra 01.08.2016
220 Vishwamitra International Infra Ltd Madhya Pradesh 10.08.2016
221 Waris Healthcare Limited West Bengal 21.09.2016
222 Waris Finance and Investment Limited West Bengal 21.09.2016
223 Great Overseas Commodeal Limited West Bengal 21.09.2016
224 Rightmax Technotrade International Limited Karnataka 21.09.2016
225 Shivalik Cotex Ltd Delhi 20.09.2016
226 Oscar Management Services Limited West Bengal 30.09.2016
227 Adamant Infrastructure Ltd Madhya Pradesh 03.10.2016
228 Mount Vision Industries India Ltd Madhya Pradesh 03.10.2016
229 RBX Land Developers India Limited Madhya Pradesh 03.10.2016
230 Matribhumi Projects (I) Limited West Bengal 03.10.2016
231 Jugantor Realty Limited West Bengal 03.10.2016
232 GitanjaliUdyog Limited West Bengal 06.10.2016
233 Morningstar Ventures Limited West Bengal 06.10.2016
234 MRS Agrotech India Limited Madhya Pradesh 18.10.2016
235 Astha India Infra-tech Limited West Bengal 21.10.2016
236 United Cosmetics Manufacturing (I) Limited West Bengal 21.10.2016
237 Annex Infrastructure India Limited West Bengal 27.10.2016
238 Dolphin Universal Rural Development Limited Madhya Pradesh 27.10.2016
239 STPL Infrastructures Limited Madhya Pradesh 27.10.2016
240 Micro Finance Ltd West Bengal 27.10.2016
241 United Medicine and Surgical Industries Limited West Bengal 28.10.2016
242 Eris Energy Limited Madhya Pradesh 28.10.2016
243 KKDIL Nidhi Ltd. West Bengal 28.10.2016
244 Green India Infra Projects Ltd West Bengal 28.10.2016
245 Oscar Management Services Limited West Bengal 30.09.2016
246 Omisha Agri Industries (India) Limited Madhya Pradesh 01.11.2016
247 Aryan Agro Projects India Limited West Bengal 01.11.2016
248 Cemendia Infrastructures Limited Madhya Pradesh 01.11.2016
249 Goldmine Industries Limited Madhya Pradesh 01.11.2016
250 Megasys Healthcare Limited Madhya Pradesh 01.11.2016
251 Equinox Infratech Limited Madhya Pradesh 01.11.2016
252 AVM Real Estate & Allied Limited Chhattisgarh 01.11.2016
253 Greater Kolkata Infracon Ltd Madhya Pradesh 01.12.2016
254 Falcon Infra Projects Ltd West Bengal 22.12.2016
255 Sunshine Agro Infra Limited West Bengal 23.12.2016
256 Zenith HiRise Infracon Limited West Bengal 10.01.2017

Mumbai

January 30, 2017

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