PR No. 298/2015

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 221 ( as on   December 15, 2015)  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 December 15,2015 
Sr. No. Name of the Entity Registered Office 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 Odisha 23.07.2014
11 Sunplant Constructions Limited West Bengal 24.07.2014
12 I core E Services Ltd West Bengal 25.07.2014
13 Ramel Real Estate Infrastructure Ltd West Bengal 06.08.2014
14 MBK Business Development (India) Limited West Bengal 07.08.2014
15 Falkon Industries India Limited West Bengal 08.08.2014
16 Ravi Kiran Realty India Limited West Bengal 08.08.2014
17 Multi-Purpose Bios India Limited West Bengal 14.08.2014
18 Progress Cultivation Limited West Bengal 14.08.2014
19 Amrit Projects (N.E) Limited Assam 22.08.2014
20 Amrit Projects Limited West Bengal 09.09.2014
21 SEBA Real Estate Limited Assam 10.09.2014
22 Regenix Drugs Limited Tamil Nadu 10.11.2014
23 Real Tulip India Limited Madhya Pradesh 11.11.2014
24 Micro Leasing and funding Ltd Odisha 21.11.2014
25 Angel Rural Deveopment Limited Madhya Pradesh 21.11.2014
26 Prism Infracon Limited West Bengal 24.11.2014
27 NVD Solar Limited West Bengal 27.11.2014
28 Sampriti Projects Limited West Bengal 28.11.2014
29 Swarnabhumi Developers Limited West Bengal 02.12.2014
30 Bharatiya Real Estate Development Ltd West Bengal 02.12.2014
31 SLB Invest (India) Limited Odisha 03.12.2014
32 Mass Infra Realty Limited West Bengal 04.12.2014
33 Midas Touch Assets & Securities Limited Odisha 09.12.2014
34 Mondal Constructions Company Limited West Bengal 15.12.2014
35 Option One Industries Ltd Madhya Pradesh 16.12.2014
36 Vaibhav Pariwar India Projects Limited West Bengal 29.12.2014
37 Silicon Projects Limited West Bengal 06.01.2015
38 Golden Life Agro India Limited West Bengal 07.01.2015
39 Dynamic Asset Management Limited Odisha 09.01.2015
40 Micro Finance Ltd Odisha 14.01.2015
41 MPA Agro – Animals Projects Ltd West Bengal 21.01.2015
42 Chakra Infrastructure Limited West Bengal 29.01.2015
43 Krutibibha Corporation Limited Odisha 29.01.2015
44 Vikdas Industries Ltd. West Bengal 29.01.2015
45 Prayas Projects India Limited West Bengal 30.01.2015
46 Amazan Agro Products Limited West Bengal 30.01.2015
47 Sarada Pleasure and Adventure Limited Bihar 02.02.2015
48 Basil International Limited Delhi 06.02.2015
49 Greater Kolkata Infrastructure Limited West Bengal 06.02.2015
50 Hooghly Agrotech Limited West Bengal 11.02.2015
51 Sukhchain Hire Purchase Limited Madhya Pradesh 11.02.2015
52 Adamant Infrastructure Ltd Madhya Pradesh 11.02.2015
53 Suvidha Land Developers India Limited Madhya Pradesh 12.02.2015
54 ATM Agro Industries India Limited West Bengal 12.02.2015
55 ATM Agro Projects India Limited West Bengal 12.02.2015
56 Rightmax Technotrade International Limited Karnataka 20.02.2015
57 GBC Enterprise Limited West Bengal 20.02.2015
58 Nirmal Infrahome Corporation Ltd Madhya Pradesh 20.02.2015
59 Dreamland Industries Ltd West Bengal 24.02.2015
60 Tribhuvan Agro projects Ltd West Bengal 24.02.2015
61 Target People Social Security Scheme Micro Finance Ltd Tamil Nadu 04.03.2015
62 Fishermen Development Micro Finance Ltd. Tamil nadu 04.03.2015
63 ERIL Mutual Benefit India Limited Jharkhand 04.03.2015
64 Promotech Infratech Limited West Bengal 05.03.2015
65 Mega Mould India Limited West Bengal 05.03.2015
66 Asoka Life Science Limited West Bengal 11.03.2015
67 Golden Heaven Agro Project india Limitd West Bengal 12.03.2015
68 Maxbe Green Provision Limited West Bengal 13.03.2015
69 Jeevan Suraksha Real Estate Limited  West Bengal 13.03.2015
70 Real Sunshine Corp Limited and its Directors Madhya Pradesh 13.03.2015
71 Rista Fisheries & Infrastructure Limited West Bengal 16.03.2015
72 Cell Industries Limited West Bengal 17.03.2015
73 Astha Green Energy Ventures India Ltd. Telangana 17.03.2015
74 Sunshine Hi-Tech Infracon Ltd. Gujarat 17.03.2015
75 GSHP Realtech Limited West Bengal 18.03.2015
76 Astha Techno Realty India Limited West Bengal 19.03.2015
77 MARS Agrofarm Developers Limited West Bengal 19.03.2015
78 Goldmine Food Products Limited West Bengal 19.03.2015
79 SCL Steel Corporation Lilmited Madhya Pradesh 19.03.2015
80 Infocare Infra Limited West Bengal 19.03.2015
81 URO Hygeinic Goods Limted West Bengal 19.03.2015
82 URO Infotech Limited West Bengal 19.03.2015
83 URO Life care Limited West Bengal 19.03.2015
84 URO Walkers Limited West Bengal 19.03.2015
85 URO Infra Realty India Limited West Bengal 19.03.2015
86 Real Agri Industries & Services Limited West Bengal 20.03.2015
87 Tresty Securities Ltd Odisha 20.03.2015
88 Everlight Realcon Infrastructure Ltd Jharkhand 20.03.2015
89 KKDIL Nidhi Ltd. Odisha 20.03.2015
90 Rhine & Raavi Credits and Holdings Limited Delhi 27.03.2015
91 Shivalik Cotex Ltd Delhi 27.03.2015
92 Green India Infra Projects Ltd Odisha 27.03.2015
93 Equinox Infratech Limited Madhya Pradesh 30.03.2015
94 Morningstar Ventures Limited West Bengal 30.03.2015
95 Fantasy Infraventure & Agrimart Limited Uttar Pradesh 30.03.2015
96 Affiance Industries Limited West Bengal 31.03.2015
97 I-Nova Solutions Limited West Bengal 31.03.2015
98 Polaris Agro Industries Limited West Bengal 01.04.2015
99 Mangalam Agro Products Limited West Bengal 06.04.2015
100 Pious Agro Industries Limited West Bengal 17.04.2015
101 Angela Agrotech Limited West Bengal 21.04.2015
102 Mount Vision Industries India Ltd Madhya Pradesh 22.04.2015
103 Sankalp Projects Limited West Bengal 24.04.2015
104 Nixcil Pharmaceuticals Specialities Limited Uttar Pradesh 24.04.2015
105 Phenix Properties Limited Assam 24.04.2015
106 Sunplant Forgings Limited West Bengal 29.04.2015
107 Great Overseas Commodeal Limited West Bengal 06.05.2015
108 Bishal Horticulture & Animal Projects Limited West Bengal 06.05.2015
109 Bishal Distillers Limited West Bengal 06.05.2015
110 Bishal Agri–Bio Industries Limited West Bengal 06.05.2015
111 Bishal Abasan India Limited West Bengal 06.05.2015
112 Suraksha Industries India Limited Bihar 07.05.2015
113 Nava Diganta Capital Services Limited Odisha 07.05.2015
114 Waris Healthcare Limited West Bengal 07.05.2015
115 Subha Commercial Services Limited Tripura 08.05.2015
116 MRS Agrotech India Limited Madhya Pradesh 08.05.2015
117 RBX Land Developers India Limited Madhya Pradesh 12.05.2015
118 Gulshan Nirman India Limited Chhattisgarh 12.05.2015
119 Wasankar Wealth Management Limited Maharashtra 18.05.2015
120 Verinder Finance Ltd Jammu & Kashmir 20.05.2015
121 Amazan Capital Limited West Bengal 25.05.2015 & 29.05.2015
122 Dolphin Universal Rural Development Limited Madhya Pradesh 27.05.2015
123 Cemendia Infrastructures Limited Madhya Pradesh 29.05.2015
124 Sun-Plant Business Limited West Bengal 03.06.2015
125 Neesa Technologies Limited Gujarat 03.06.2015
126 ASSR Agro India Limited West Bengal 04.06.2015
127 STPL Infrastructures Limited Madhya Pradesh 05.06.2015
128 AVM Real Estate & Allied Limited Chhattisgarh 05.06.2015
129 Polaris Realtors India Limited Madhya Pradesh 15.06.2015
130 Bhabiswajyoti Infrastructure India Limited Madhya Pradesh 17.06.2015
131 Gitanjali Udyog Limited West Bengal 17.06.2015
132 Cell Realcon Corporation Limited Madhya Pradesh 17.06.2015
133 Eris Energy Limited Madhya Pradesh 18.06.2015
134 Greenbang Agro Limited West Bengal 18.06.2015
135 Goldmine Agro Limited West Bengal 19.06.2015
136 Goldmine Industries Limited Madhya Pradesh 22.06.2015
137 Omisha Agri Industries (India) Limited Madhya Pradesh 22.06.2015
138 Waris Finance and Investment Limited West Bengal 23.06.2015
139 Jugantor Realty Limited West Bengal 23.06.2015
140 Matribhumi Projects (I) Limited West Bengal 23.06.2015
141 Annex Infrastructure India Limited West Bengal 24.06.2015
142 Active Rural Development India Limited Madhya Pradesh 25.06.2015
143 United Medicine and Surgical Industries Limited West Bengal 25.06.2015
144 Angel Allied India Limited Punjab 29.06.2015
145 Life Care Infrastructures India Limited Madhya Pradesh 29.06.2015
146 Vishwamitra International Infra Ltd Madhya Pradesh 30.06.2015
147 Shah Group Builders Ltd Maharashtra 01.07.2015
148 Megasys Healthcare Limited                                   Madhya Pradesh 02.07.2015
149 Aspen Nirman India Limited Madhya Pradesh 15.07.2015
150 Siyaram Development and Construction Limited Karnataka 17.07.2015
151 Swasata Steel Industries Limited West Bengal 17.07.2015
152 Madurai Rural Development Transformation India Limited Tamil Nadu 17.07.2015
153 Madurai Rural Development Benefit Fund (India) Limited   Tamil Nadu 17.07.2015
154 Swasata Cement Limited West Bengal 21.07.2015
155 Togo Retail Marketing Limited Delhi 22.07.2015
156 Pinnacle Ventures India Limited West Bengal 24.07.2015
157 Weird Infrastructure Corporation Limited Uttar Pradesh 24.07.2015
158 Pailan Park Development Authority Limited West Bengal 27.07.2015
159 Pailan Agro India Limited Jammu& Kashmir 27.07.2015
160 DGR Farms & Leisures Ltd Madhya Pradesh 30.07.2015
161 Kerala Housing Finance Limited Kerala 31.07.2015 & 20.11.2015
162 Rising Agrotech Limited West Bengal 03.08.2015
163 Alchemist Capital Limited (formerly known as Toubro Holdings Limited) Chandigarh 03.08.2015
164 Kolkata Aryan Food Industries Limited West Bengal 03.08.2015
165 PAFL Industries Limited West Bengal 05.08.2015
166 Eminence Infra Projects Limited West Bengal 06.08.2015
167 Rahul Inn Hospitality Limited Bihar 06.08.2015
168 Skymarg Agro Industries India Limited West Bengal 07.08.2015
169 Astha India Infra-tech Limited West Bengal 11.08.2015
170 Aryan Agro Projects India Limited West Bengal 12.08.2015
171 Magnox Infraprojects Limited West Bengal 13.08.2015
172 Alchemist Holdings Ltd Delhi 14.08.2015
173 Torsa Agro projects Ltd West Bengal 14.08.2015
174 Aspen Projects India Limited West Bengal 14.08.2015
175 Aditya Global Industries Limited West Bengal 19.08.2015
176 Waris Agrotech (India) Limited West Bengal 24.08.2015
177 Purusattam Infotech Industries Limited West Bengal 25.08.2015
178 Sunshine Infrabuild Corporation Ltd Delhi 04.09.2015
179 Life Care Infra Tech Limited Uttar Pradesh 14.09.2015
180 Federal Agro Commercial Limited Odisha 29.09.2015
181 BNP Real Estate and Allied Ltd Madhya Pradesh 29.09.2015
182 Adorable Agrotech Ltd. West Bengal 01.10.2015
183 Rahul Hi Rise Limited West Bengal 01.10.2015
184 Sunheaven Agro India Limited West Bengal 08.10.2015
185 Vaastav ALR International Limited West Bengal 09.10.2015
186 Bharat Krishi Samridhi Industries Limited West Bengal 09.10.2015
187 Shine India Infra Project Limited West Bengal 09.10.2015
188 Idol India Projects Limited West Bengal 09.10.2015
189 Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited) West Bengal 12.10.2015
190 Suraksha Agrotech Industries Limited West Bengal 12.10.2015
191 Just Reliable Projects India Ltd West Bengal 13.10.2015
192 Abyss Assam Real Estate Limited Assam 13.10.2015
193 Orchid Cultivation Projects India Limited West Bengal 15.10.2015
194 Yash Dream Real Estate Ltd. Chhattisgarh  

15.10.2015

195 Newland Agro Industries Limited West Bengal 19.10.2015
196 Infinity Realcon Limited West Bengal 19.10.2015
197 Megasys Medi Life Ltd West Bengal 19.10.2015
198 Weird Industries Limited West Bengal 21.10.2015
199 En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited) Delhi 04.11.2015
200 AapnaPariwar Agro Farming Developers India Limited West Bengal 09.11.2015
201 Vasundhara Realcon Limited West Bengal 10.11.2015
202 United Cosmetics Manufacturing (I) Limited West Bengal 20.11.2015
203 Suncity Infracon Corporation (India) Limited Assam 20.11.2015
204 Helios Corporation Ltd Bihar 20.11.2015
205 Helios Chemicals Limited Bihar 20.11.2015
206 GreenTouch Projects Limited West Bengal 01.12.2015
207 Digstar Projects Limited West Bengal 01.12.2015
208 Suraksha Family Services Limited West Bengal 01.12.2015
209 IMAX Projects India Limited West Bengal 01.12.2015
210 Ramel Pharma Limited West Bengal 02.12.2015
211 Arcava Enterprises Limited West Bengal 02.12.2015
212 Swabhumi Real Estate India Limited West Bengal 02.12.2015
213 G R Agro Project Limited West Bengal 03.12.2015
214 Regal Hitech Agro Projects (India) Limited West Bengal 03.12.2015
215 Life Care Real Developers Limited Delhi 09.12.2015
216 Adarsh Wealth Ventures Limited Odisha 10.12.2015
217 AM Fund Managers Limited Odisha 10.12.2015
218 Real Vision International Limited Odisha 10.12.2015
219 Vista Management Services Limited Odisha 11.12.2015
220 Hum Projects Limited West Bengal 11.12.2015
221 Moonlight Associates Limited Assam 15.12.2015

Mumbai – December 31, 2015

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