SEBI Press Release No. PR No. 165/2014

Dated -December 11, 2014, Mumbai

Caution to Investors

It has come to the notice of Securities and Exchange Board of India (SEBI) that certain companies / entities unauthorisedly, without obtaining registration and illegally are collecting / mobilising money from the general investors by making false promises, assuring high return, etc. Investors are advised to be careful if the returns offered by the person/ entity is very much higher than the return offered by the regulated entities like banks, deposits accepted by Companies, registered NBFCs, mutual funds etc.

Wherever SEBI has found such schemes to be in the nature of Collective Investment Schemes (CIS) appropriate action has been taken against the entity/ies and its Directors. In this regard, since January 01, 2011, SEBI has passed orders against 51 entities and its Directors carrying on unregistered CIS. As part of interim directions SEBI directs the entities and its Directors to stop collecting further money under existing / new schemes, not to launch any new scheme or float any new companies/firm to raise fresh moneys, not to divert or alienate any assets or money collected etc., and through final directions SEBI debars the company and its Directors from accessing the Capital markets, etc. List of the Companies against whom order has been passed by SEBI is given below with this press release. The orders are also available on SEBI website at www.sebi.gov.in.

However, it has been observed that certain entities collect / mobilize money under existing / new schemes even after SEBI has directed the entity not to collect any further money, not to launch any new schemes etc, which is unauthorised and illegal.

Investors and general public are hereby cautioned that other than “GIFT Collective Investment Management Company Limited” no other entity is registered with SEBI under the CIS Regulations. If any of the following entities are found to be collecting / mobilising money, investors are advised not to subscribe to such schemes and to report the same to SEBI, State authorities including Police authorities immediately, along with appropriate details / documents.

S.N. Case Name Date of SEBI Order
1 Sun-plant Agro Ltd 03-05-2011
2 NGHI Developers India Limited 06-11-2012
3 MPS Greenery Developers Limited 06-12-2012
4 Nicer Green Forest Ltd 12-03-2013
5 Maitreya Services Pvt. Ltd 25-03-2013
6 Osian’s Connoissurers of Art Ltd 15-04-2013
7 Saradha Realty India Ltd 23-04-2013
8 Ken Infratech Ltd 18-06-2013
9 Alchemist Infra Realty Ltd 21-06-2013
10 Sumangal Industries Ltd 09-07-2013
11 HBN Dairies & Allied Ltd 12-07-2013
12 Sai Prasad Foods Ltd. 17-07-2013
13 Sai Prasad Properties Ltd 17-07-2013
14 Maitreya Plotters & Structures Pvt. Ltd 30-08-2013
15 MVL Limited 26-09-2013
16 Samruddha Jeevan Foods India Ltd 31-10-2013
17 Servehit Housing & Infrastructure India Ltd 31-10-2013
18 Orient Resorts (India) Pvt. Ltd 26-11-2013
19 Kim Infrastructure & Developers Ltd 05-12-2013
20 Green Ray International Limited 03-02-2014
21 Royal Twinkle Star Club Ltd. 07-03-2014
22 Ecogreen Realestate (India) Limited 26-03-2014
23 Peers Allied Corportaion Ltd 23-04-2014
24 Green Buds Agro Farm I Ltd 16-05-2014
25 M/s. KBCL India Ltd 26-05-2014
26 Adel Landmarks Ltd (Era Landmarks Ltd) 05-06-2014
27 JSR Dairies Ltd 05-06-2014
28 Nikhara Bharath Construction Company Ltd. 12-06-2014
29 Haldhar Realty and Enterprises Ltd 17-06-2014
30 Rose Valley Real Estate & Constructions Ltd. 18-06-2014
31 Beetal Livestocks & Farms (Pvt) Ltd 25-06-2014
32 Ramel Industries Ltd 11-07-2014
33 Remac Realty India Ltd 15-07-2014
34 Sunshine Agro Global Ltd (Sunshine Forestry Pvt. Ltd) 15-07-2014
35 Ally Multi-Trade India Pvt. Ltd. 22-07-2014
36 Sai Prasad Corporation Ltd 22-07-2014
37 Nicer Green Housing and Infrastructure Developers Limited 28-07-2014
38 Dhanolty Developers Ltd 30-07-2014
39 JSV Developers India Ltd. 31-07-2014
40 HNC Infrastructures and Shares India Ltd 05-08-2014
41 Shubham Kroti Foods Pvt. Ltd 08-08-2014
42 Viswas Real Estates and Infrastructure India Ltd 08-08-2014
43 IHI Developers India Ltd 11-08-2014
44 PACL 22-08-2014
45 Step Up Marketing Pvt. Ltd. 22-08-2014
46 SPNJ Land Projects and Developers India Ltd 17-09-2014
47 G N Dairies Limited 31-10-2014
48 Sheen Agro and Plantation Ltd 14-11-2014
49 Garima Real Estate and Allied Ltd. 24-11-2014
50 Raghav Capital & Infrastructure Ltd. 24-11-2014
51 Shree Sai Space Creation Ltd 24-11-2014

 Investors are also advised that SEBI does not regulate any scheme or arrangement made or offered by Cooperative Society, Deposits accepted by Non-Banking Financial Companies (NBFCs), Deposits accepted under 58A of Companies Act, Chit Fund Business, Contract of Insurance, Pension Scheme or Insurance Scheme, Nidhi or mutual benefit society and any other activities which are regulated by any other Authority or banned under any existing law viz., Multi Level Marketing, Pyramid schemes, etc. Accordingly, investors are cautioned not to invest in any company which is not registered and regulated and bring such schemes to the notice of various authorities i.e SEBI, Reserve Bank of India (RBI), Central Bureau of Investigation (CBI), Ministry of Corporate Affairs (MCA), Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority (IRDA) and State / Police Authorities, etc.

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One response to “SEBI cautions investor – Issues list of 51 Companies”

  1. manoharlalsharma says:

    Illegal Establishment of a shell company titled as ‘DADAR BHAJIPALA VYAPARI MITRA MANDLE’ to certify people from General category to Agriculture Produce Market Committee (APMC) as Agent/functionary to allow/ recommendation of membership in the ‘Shri Ganesh (A) Co-Operative Housing Society’ Plot No. 01,Sector 28, Nerul (W), Navi Mumbai – 400706, for undisclosed cash PREMIUM / Please advise me where can I complain ? because JTR and people from Co-Operation r known and highly corrupted..

  2. Rajesh says:

    Registered society paying high return to his investers according the bank/nbfc.
    If society fraud who will be responsible for this.
    And why society genrete day by day…by MSCS
    All society worker showing to every one that i am registered with ministry of agriculture of cooperation, Govt. Of India.

    Please guide us. This type society safe or not for invest.

  3. ashok says:

    Bijankure= also CIS, this company have registratin any were in related goverment

  4. MSD says:

    give me current status of pacl company legal case kya company customer ke paise dena chahti hai

  5. DILIP LOHAR says:

    PANCARD CLUBS LTD IS BLACKLIST NOW PLEASE TELL ME SIR

  6. rajedra sonawane says:

    Hi sir,maitreya plotters company bhi black list me hai kya?

  7. shyam sharma says:

    plz i want resitration in sebi

  8. sampat jadhav says:

    PANCARD CLUB bhi black listed hai ?

  9. kolkta weyar india ltd says:

    Rajesh kumar

    dear sir kolkat wear india ltd me hamane mca.gov .in par dekhar paisa jama kra diya hi,Pls. sir kab tak customars so. pls crevert hoga

  10. Mk Choudhary says:

    Very Informative Article, Good Advice to select an SEBI Registered Advisory Company

  11. pradeep kumar says:

    Deersir, I was working in parivar dairies & allied ltd as aagent. in 2011 this companies headoffice ceased by the collectorof gwalior(m.p).till july 2013 they were given all maturity in a correct time. but from august 2014 they havenot been giving any maturity.plz suggest mehow i wouldget my money beause they say our acount is closed ,

  12. PINTU KUMAR says:

    Dear Sir
    PACL LTD. me invest karne walk ko kya compony paisa return karega.

  13. tufani kumar yadav says:

    dear sir,
    I am investment some money in alchemist infra reality ltd.due to heavy risk I want money refund .but company refused to money refund.so I am waiting for customer money refund.

  14. tufani kumar yadav says:

    dear sir,
    I am investment some money in alchemist infra reality ltd.but due to heavy risk I want to money refund.but company refused my money refund.so I am waiting for my customer refund.

  15. Suresh Kumar says:

    Sir,
    Kim infrasrtucture & developer ltd, ko Sebi ne ban kiya hai LEKIN “kim infrasrtucture ” abi ek nector NAME ki COMPANY KHOl ke loge se paise le rahi, hum janana chahte ke Sebi ko es ke bare pta hai ke koi nector NAME COMPANY logo se paise le rahi hai.
    Pls “NECTOR” COMPANY ko ban kiya jaye ja es ke bare puri Jankari di jaye

  16. Bhagywant Daphale says:

    Ask SEBI if they reply to your mails and enquiries? Royal twinkle now operates with some other name, KBCL still collecting money, do you think SEBI doesn’t know that?

  17. Bhagywant Daphale says:

    What the hell is wrong with you, why are you begging ti SEBI, to returm money. They issue notices to companies, demand big money and when they don’t get it, they spoil company name. Wake up and smell cofee, SEBI is here to make money and not to help you get money, bloody fools

  18. Ishwar Chandra Prasad says:

    Mera Nivedan hai ki ab tak jo company public se money raising kar chuki hai aur kaise unka payment karegi mujhe batane ki kripa karenge?

  19. saddam says:

    ramel me 270000 mera paisa invest he jo mene public se colect kiya tha

  20. saddam says:

    ramel industrie ltd paisa kab degi?? Public ka 270000 rupye jama karaya he , me bahut paresani me fansa hu paisA return nahi hone ke karan

  21. Mohit Singla says:

    Adel Landmarks Ltd (Era Landmarks Ltd) is real estate company. I have purchased a home by this company and it is under construction. Should I need to look for a sale of this property or this company can be better and can deliver its promise of building the houses?

  22. sambireddy.k says:

    cheated public .Deposits collected from the public

    Dear Sir. > I karumuru sambireddy s/o prasad reddy R/o.door no.4-89. Near ramalayam.sangam jagarlamudi,tenali mandal ,gunturu district ANDHRAPRADESH STATE accused have floated business in real estates running under the name and style of VVR Housing pvt ltd. 2 viswas real estate and infra structures india ltd. 3. vis was gold infra structures india ltd.having registered office at 304 and 305 mohan shradda complex,vasantha vihar,street no.8,hubsiguda,hyderabad-17 and at 211, Second floor pavani prestige,ameerpet,hyd-16.vaka vasudeva rao is the chairman of the aforesaid sister concerned three companies,vaka saradhi is the director v.prabha is the director k.satyanarayana is the managing director in the beginning the accused carry out the business smoothly and created confidence in the public and made wide attractive publicity about the prospect us of their business and invited and influenced the public to purchase the plots in their real estate and also begin to give FALSE assurances and make false promises through their marketing agents that the accused having valued licences and permissions from the RBI to collect deposits from the public and also printed pamphlets and distributed them to the public through their agents. The accused have also began to pay attractive rate of interest on deposits which they have collected from the public.deposited the amounts.total amount 1250000rate of interest at22%pa payable monthly installments.the accused have collected towards deposits to a tune of rs.50 crore approximately from the public under the scheme of viswas oypas monthly plans all the accused have in deceitful manner, fraudulently received the deposits from me and others and mis appropriate the same.the accused have collected the deposits without having valid licences and permissions from the RBI and committed default in re payment of the amount to its deposit ors like me and intentionally cheated the deposit ors. Accused are liable to be punished as per the penal provisions of the.A.P.Protection of Deposit ors of Financial Establishments Act,1999. > From sambireddy.k ph no.8096650888

  23. angad says:

    Remac Realty india ltd me public ka kafi paisa deposit hai.vo MCA ke licence par cis ka kaam kar rahi thi licence no. U70102WB2009PLC132005 kafi investor ki maturity ki date puri ho chuki hai par investor ko abhi tak unka paisa nahi mila hai unki sabhi branch bhi band ho chuki hai in par kadi karvai kar kirpya investor ke hito ka dhyan rakhte huye investor ka paisa ati sighara refund karyae thanks.

    Reply immediately.

    Thanks.

  24. angad says:

    dear sir,

    Remac Realty india ltd ke invester paresan hai kab tak unka paisa refund melega

    humne mca me bhi suchna de di hai please reply immediately

  25. baj singh says:

    Pls send me revert that Sarvottam company is legal or illegal .sarvottam collect rd and fixed deposit from customers .so.plscrevert

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