235 companies violated Deemed public issues rules : SEBI

By | June 7, 2016

PR No. 109/2016

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 235 (as on May 31, 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 May 31, 2016
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  30.09.2013 18.02.2014
6 Vibgyor Allied Infrastructure Ltd West Bengal 20.2.2014
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 I core Eservices Ltd West Bengal 25.07.2014
12 Regenix Drugs Limited Tamil Nadu 10.11.2014
13 Real Tulip India Limited Madhya Pradesh 11.11.2014
14 Angel Rural Deveopment Limited Madhya Pradesh 21.11.2014
15 NVD Solar Limited West Bengal 27.11.2014
16 Midas Touch Assets & Securities Limited Odisha 09.12.2014
17 Option One Industries Ltd Madhya Pradesh 16.12.2014
18 Golden Life Agro India Limited West Bengal 07.01.2015
19 Micro Finance Ltd Odisha 14.01.2015
20 MPA Agro – Animals Projects Ltd West Bengal 21.01.2015
21 Basil International Limited Delhi 06.02.2015
22 Greater Kolkata Infrastructure Limited West Bengal 06.02.2015
23 Sukhchain Hire Purchase Limited Madhya Pradesh 11.02.2015
24 Adamant Infrastructure Ltd Madhya Pradesh 11.02.2015
25 Rightmax Technotrade International Limited Karnataka 20.02.2015
26 Nirmal Infrahome Corporation Ltd Madhya Pradesh 20.02.2015
27 Target People Social Security Scheme Micro Finance Ltd Tamil Nadu 04.03.2015
28 Fishermen Development Micro Finance Ltd. Tamil Nadu 04.03.2015
29 ERIL Mutual Benefit India Limited Jharkhand 04.03.2015
30 Promotech Infratech Limited West Bengal 05.03.2015
31 Mega Mould India Limited West Bengal 05.03.2015
32 Asoka Life Science Limited West Bengal 11.03.2015
33 Real Sunshine Corp Limited Madhya Pradesh 13.03.2015
34 Sunshine Hi-Tech Infracon Ltd. Gujarat 17.03.2015
35 GSHP Realtech Limited West Bengal 18.03.2015
36 SCL Steel Corporation Lilmited Madhya Pradesh 19.03.2015
37 URO Hygeinic Goods Limted West Bengal 19.03.2015
38 URO Infotech Limited West Bengal 19.03.2015
39 URO Life care Limited West Bengal 19.03.2015
40 URO Walkers Limited West Bengal 19.03.2015
41 URO Infra Realty India imited West Bengal 19.03.2015
42 KKDIL Nidhi Ltd. Odisha 20.03.2015
43 Shivalik Cotex Ltd Delhi 27.03.2015
44 Green India Infra Projects Odisha 27.03.2015
45 Rhine & Raavi Credits and Holdings Limited Delhi 27.03.2015
46 Equinox Infratech Limited Madhya Pradesh 30.03.2015
47 Morningstar Ventures Limited West Bengal 30.03.2015
48 Fantasy Infraventure & Agrimart Limited Uttar Pradesh 30.03.2015
49 Mangalam Agro Products Limited West Bengal 06.04.2015
50 Mount Vision Industries India Ltd Madhya Pradesh 22.04.2015
51 Nixcil Pharmaceuticals Specialities Limited Uttar Pradesh 24.04.2015
52 Sunplant Forgings Limited West Bengal 29.04.2015
53 Great Overseas Commodeal Limited West Bengal 06.05.2015
54 Suraksha Industries India Limited Bihar 07.05.2015
55 Nava Diganta Capital Services Limited Odisha 07.05.2015
56 Waris Healthcare Limited West Bengal 07.05.2015
57 MRS Agrotech India Limited Madhya Pradesh 08.05.2015
58 RBX Land Developers India Limited Madhya Pradesh 12.05.2015
59 Gulshan Nirman India Limited Chhattisgarh 12.05.2015
60 Wasankar Wealth Management Limited Maharashtra 18.05.2015
61 Verinder Finance Ltd Jammu & Kashmir 20.05.2015
62 Dolphin Universal Rural Development Limited Madhya Pradesh 27.05.2015
63 Cemendia Infrastructures Limited Madhya Pradesh 29.05.2015
64 Amazan Capital Limited West Bengal 29.05.2015    25.05.2015
65 Sun-Plant Business Limited West Bengal 03.06.2015
66 Neesa Technologies Limited Gujarat 03.06.2015
67 ASSR Agro India Limited West Bengal 04.06.2015
68 STPL Infrastructures Limited Madhya Pradesh 05.06.2015
69 AVM Real Estate & Allied Limited Chhattisgarh 05.06.2015
70 Polaris Realtors IndiaLimited Madhya Pradesh 15.06.2015
71 Bhabiswajyoti Infrastructure India Limited Madhya Pradesh 17.06.2015
72 Gitanjali Udyog Limited West Bengal 17.06.2015
73 Cell Realcon Corporation Limited Madhya Pradesh 17.06.2015
74 Eris Energy Limited Madhya Pradesh 18.06.2015
75 Greenbang Agro Limited West Bengal 18.06.2015
76 Goldmine Agro Limited West Bengal 19.06.2015
77 Goldmine Industries Limited Madhya Pradesh 22.06.2015
78 Omisha Agri Industries (India) Limited Madhya Pradesh 22.06.2015
79 Waris Finance and Investment Limited West Bengal 23.06.2015
80 Jugantor Realty Limited West Bengal 23.06.2015
81 Matribhumi Projects (I) Limited West Bengal 23.06.2015
82 Annex Infrastructure India Limited West Bengal 24.06.2015
83 Active Rural Development India Limited Madhya Pradesh 25.06.2015
84 United Medicine and Surgical Industries Limited West Bengal 25.06.2015
85 Angel Allied India Limited Punjab 29.06.2015
86 Life Care Infrastructures India Limited Madhya Pradesh 29.06.2015
87 Vishwamitra International Infra Ltd Madhya Pradesh 30.06.2015
88 Shah Group Builders Ltd Maharashtra 01.07.2015
89 Megasys Healthcare Limited Madhya Pradesh 02.07.2015
90 Aspen Nirman India Limited Madhya Pradesh 15.07.2015
91 Madurai Rural Development Transformation India Limited Tamil Nadu 17.07.2015
92 Madurai Rural Development Benefit Fund (India) Limited Tamil Nadu 17.07.2015
93 Siyaram Development and Construction Limited Karnataka 17.07.2015
94 Swasata Steel Industries Limited West Bengal 17.07.2015
95 Swasata Cement Limited West Bengal 21.07.2015
96 Togo Retail Marketing Limited Delhi 22.07.2015
97 Pinnacle Ventures India Limited West Bengal 24.07.2015
98 Weird Infrastructure Corporation Limited Uttar Pradesh 24.07.2015
99 Pailan Park Development Authority Limited West Bengal 27.07.2015
100 Pailan Agro India Limited Jammu& Kashmir 27.07.2015
101 DGR Farms & Leisures Ltd Madhya Pradesh 30.07.2015
102 Kerala Housing Finance Limited Kerala 31.07.2015 20.11.2015
103 Rising Agrotech Limited West Bengal 03.08.2015 16.03.2016
104 Alchemist Capital Limited (formerly known as Toubro Holdings Limited) Chandigarh 03.08.2015
105 Kolkata Aryan Food Industries Limited West Bengal 03.08.2015
106 PAFL Industries Limited West Bengal 05.08.2015
107 Eminence Infra Projects Limited West Bengal 06.08.2015
108 Rahul Inn Hospitality Limited Bihar 06.08.2015
109 Skymarg Agro Industries India Limited West Bengal 07.08.2015
110 Astha India Infra-tech Limited West Bengal 11.08.2015
111 Aryan Agro Projects India Limited West Bengal 12.08.2015
112 Magnox Infraprojects Limited West Bengal 13.08.2015
113 Alchemist Holdings Ltd Delhi 14.08.2015
114 Torsa Agro projects Ltd West Bengal 14.08.2015
115 Aspen Projects India Limited West Bengal 14.08.2015
116 Aditya Global Industries Limited West Bengal 19.08.2015
117 Waris Agrotech (India) Limited West Bengal 24.08.2015
118 Purusattam Infotech Industries Limited West Bengal 25.08.2015
119 Sunshine Infrabuild Corporation Ltd Delhi 04.09.2015
120 Life Care Infra Tech Limited Uttar Pradesh 14.09.2015
121 Federal Agro Commercial Limited Odisha 29.09.2015
122 BNP Real Estate and Allied Ltd Madhya Pradesh 29.09.2015
123 Adorable Agrotech Ltd. West Bengal 01.10.2015
124 Rahul Hi Rise Limited West Bengal 01.10.2015
125 Sunheaven Agro India Limited West Bengal 08.10.2015
126 Vaastav ALR International Limited West Bengal 09.10.2015
127 Bharat Krishi Samridhi Industries Limited West Bengal 09.10.2015
128 Shine India Infra Project Limited West Bengal 09.10.2015
129 Idol India Projects Limited West Bengal 09.10.2015
130 Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited) West Bengal 12.10.2015
131 Suraksha Agrotech Industries Limited West Bengal 12.10.2015
132 Just Reliable Projects India Ltd West Bengal 13.10.2015
133 Abyss Assam Real Estate Limited Assam 13.10.2015
134 Orchid Cultivation Projects India Limited West Bengal 15.10.2015
135 Yash Dream Real Estate Ltd. Chhatisgarh 15.10.2015
136 Newland Agro Industries Limited West Bengal 19.10.2015
137 Infinity Realcon Limited West Bengal 19.10.2015
138 Megasys Medi Life Ltd West Bengal 19.10.2015
139 Weird Industries Limited West Bengal 21.10.2015
140 Falkon Industries India Limited West Bengal 21.10.2015
141 En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited) Delhi 04.11.2015
142 AapnaPariwar Agro Farming Developers India Limited West Bengal 09.11.2015
143 Vasundhara Realcon Limited West Bengal 10.11.2015
144 United Cosmetics Manufacturing (I) Limited West Bengal 20.11.2015
145 Suncity Infracon Corporation (India) Limited Assam 20.11.2015
146 Helios Corporation Ltd Bihar 20.11.2015
147 Helios Chemicals Limited Bihar 20.11.2015
148 Digstar Projects Limited West Bengal 01.12.2015
149 Suraksha Family Services Limited West Bengal 01.12.2015
150 IMAX Projects India Limited West Bengal 01.12.2015
151 GreenTouch Projects Limited West Bengal 01.12.2015
152 Ramel Pharma Limited West Bengal 02.12.2015
153 Arcava Enterprises Limited West Bengal 02.12.2015
154 Swabhumi Real Estate India Limited West Bengal 02.12.2015
155 G R Agro Project Limited West Bengal 03.12.2015
156 Regal Hitech Agro Projects (India) Limited West Bengal 03.12.2015
157 Life Care Real Developers Limited Delhi 09.12.2015
158 Adarsh Wealth Ventures Limited Odisha 10.12.2015
159 AM Fund Managers Limited Odisha 10.12.2015
160 Real Vision International Limited Odisha 10.12.2015
161 Vista Management Services Limited Odisha 11.12.2015
162 Hum Projects Limited West Bengal 11.12.2015
163 Moonlight Associates Limited Assam 15.12.2015
164 Sarada Pleasure and Adventure Limited Bihar 28.12.2015
165 Multi Purpose Bios India Limited West Bengal 29.12.2015
166 Prayas Projects India Limited West Bengal 29.12.2015
167 Hahnemann Herbal Limited Odisha 30.12.2015
168 Sunplant Constructions Limited West Bengal 31.12.2015
169 Krutibibha Corporation Limited Odisha 31.12.2015
170 Astha Green Energy Ventures India Ltd.

Telangana

01.01.2016

171 R B Horticulture & Animal Project Limited West Bengal 08.01.2016
172 Express Cultivation Limited West Bengal 08.01.2016
173 Milan and Milan International Limited Odisha 12.01.2016
174 RTC Properties India Limited West Bengal 14.01.2016
175 SEBA Real Estate Limited Assam 15.01.2016
176 Mondal Constructions Company Limited West Bengal 15.01.2016
177 Maxbe Green Provision Limited West Bengal 15.01.2016
178 Bharatiya Real Estate Development Ltd West Bengal 21.01.2016
179 Vaibhav Pariwar India Projects Limited West Bengal 22.01.2016
180 Amazan Agro Products Limited West Bengal 22.01.2016
181 MBK Business Development (India) Limited West Bengal 04.02.2016
182 Ramel Real Estate Infrastructure Ltd West Bengal 08.02.2016
183 Q&B Retail Ltd Delhi 10.02.2016
184 Ambitious Diversified Projects Management Limited West Bengal 15.02.2016
185 Tresty Securities Ltd Odisha 16.02.2016
186 Suvidha Land Developers India Limited Madhya Pradesh 16.02.2016
187 SunTechno International Limited West Bengal 17.02.2016
188 Jivan Sathi Dream Projects Limited West Bengal 17.02.2016
189 Dreamland Industries Ltd West Bengal 17.02.2016
190 Prism Infracon Limited West Bengal 18.02.2016
191 Win Realcon Limited West Bengal 18.02.2016
192 Hooghly Agrotech Limited West Bengal 23.02.2016
193 Amrit Projects (N.E) Limited Assam 23.02.2016
194 Golden Heaven Agro Project india Limitd West Bengal 23.02.2016
195 Everlight Realcon Infrastructure Ltd Jharkhand 23.02.2016
196 Vikdas Industries Ltd. West Bengal 24.02.2016
197 MARS Agrofarm Developers Limited West Bengal 26.02.2016
198 Astha Techno Realty India Limited West Bengal 26.02.2016
199 Amrit Projects Limited West Bengal 26.02.2016
200 Infocare Infra Limited West Bengal 01.03.2016
201 Angela Agrotech Limited West Bengal 01.03.2016
202 Ravi Kiran Realty India Limited West Bengal 01.03.2016
203 Shreysth Production Industries Limited West Bengal 02.03.2016
204 Shristi Procon Limited West Bengal 02.03.2016
205 Pious Agro Industries Limited West Bengal 02.03.2016
206 I-Nova Solutions Limited West Bengal 02.03.2016
207 Rista Fisheries & Infrastructure Limited West Bengal 02.03.2016
208 Sampriti Projects Limited West Bengal 02.03.2016
209 Goldmine Food Products Limited West Bengal 02.03.2016
210 Polaris Agro Industries Limited West Bengal 02.03.2016
211 Silicon Projects Limited West Bengal 03.03.2016
212 Shankalp Food and Beverages Limited West Bengal 04.03.2016
213 Jeevan Suraksha Real Estate Limited West Bengal 16.03.2016 20.05.2016
214 Swarnabhumi Developers Limited West Bengal 16.03.2016
215 Roofer Infa-Projects Limited West Bengal 18.03.2016
216 Subha Commercial Services Limited Tripura 22.03.2016
217 Progress Cultivation Limited West Bengal 22.03.2016
218 Micro Leasing and funding Ltd Odisha 31.03.2016
219 Chakra Infrastructure Limited West Bengal 20.04.2016                         22 04.2016
220 Real Agri Industries and Services Limited West Bengal 20.04.2016
221 Dynamic Asset Management Limited Odisha 20.04.2016
222 SLB Invest (India) Limited Odisha 22.04.2016
223 Mass Infra Realty Limited West Bengal 25.04.2016
224 Phenix Properties Limited Assam 27.04.2016
225 Sankalp Projects Limited West Bengal 28.04.2016
226 Tribhuvan Agro projects Ltd West Bengal 28.04.2016
227 ATM Agro Industries India Limited West Bengal 29.04.2016
228 ATM Agro Projects India Limited West Bengal 02.05.2016
229 GBC Enterprise Limited West Bengal 06.05.2016
230 Affiance Industries Limited West Bengal 09.05.2016
231 Cell Industries Limited West Bengal 12.05.2016
232 Bishal Horticulture & Animal Projects Limited West Bengal 16.05.2016
233 Bishal Distillers Limited West Bengal 16.05.2016
234 Bishal Agri–Bio Industries Limited West Bengal 16.05.2016
235 Bishal Abasan India Limited West Bengal 16.05.2016

 

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