SEBI cautions investors not to invest in schemes offered by entities not registered with SEBI

By | November 4, 2015
(Last Updated On: November 4, 2015)
PR No. 255/2015

SEBI cautions investors not to invest in schemes offered by entities barred by SEBI from raising money or entities not registered with SEBI

Certain Collective Investment Scheme(s) (CIS) have come to the notice of SEBI, which were offered by entities not registered with SEBI nor offer document of such schemes have been filed with SEBI. Appropriate actions have been taken against such entities and its Directors and since January 01, 2011, SEBI has passed orders against 91 entities and its Directors, carrying on unregistered CIS. As part of interim directions, SEBI inter-alia 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 money, not to divert or alienate any assets or money collected. As part of final directions, SEBI directs winding up of unregistered schemes of the entities, repayments to investors and inter-alia alsodebars the entity and its Directors from accessing the Capital markets.

A list of the Companies against whom orders have been passed by SEBI since 2011 till October 31, 2015 is given below with this press release. The orders are available on the SEBI website at www.sebi.gov.in

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. Further, investors are advised to bear the following cautionary checks before investing in a collective investment scheme:

  1. Whether the entity is registered with SEBI
  2. Whether the scheme (CIS) has filed an offer document with SEBI
  3. Subscription to CIS units is permitted only though a banking channel, no cash transactions are permitted
  4. No guaranteed or assured returns are permitted (at most, an indicative return may be stated in offer document)

If any of the following unregistered entity/ies (as per the list below) are found to be collecting / mobilizing money, investors are advised not to subscribe to such schemes and to report the same to SEBI and State authorities including Police authorities immediately, along with appropriate details / documents.

 

 

S.No.Case NameDate of SEBI Order (In case of both interim and final orders in a matter, date of final order is stated here)
1Sun-plant Agro Ltd03/05/2011
2NGHI Developers India Limited06/11/2012
3MPS Greenery Developers Limited06/12/2012
4Nicer Green Forest Ltd12/03/2013
5Maitreya Services Pvt. Ltd25/03/2013
6Osian’s Connoissurers of Art Ltd.15/04/2013
7Saradha Realty India Ltd23/04/2013
8Alchemist Infra Realty Ltd21/06/2013
9Sumangal Industries Ltd09/07/2013
10Rose Valley Hotels & Entertainment Ltd10/07/2013
11HBN Dairies & Allied Ltd12/07/2013
12Maitreya Plotters & Structures Pvt. Ltd30/08/2013
13Servehit Housing & Infrastructure  India Ltd.31/10/2013
14Orient Resorts (India) Pvt. Ltd26/11/2013
15Green Ray International Limited03/02/2014
16Peers Allied Corportaion Ltd23/04/2014
17Green Buds Agro Farm I Ltd16/05/2014
18M/s. KBCL India Ltd26/05/2014
19JSR Dairies Ltd05/06/2014
20Haldhar Realty and Enterprises Ltd17/06/2014
21Rose Valley Real Estate & Constructions Ltd.18/06/2014
22Beetal Livestocks & Farms (Pvt) Ltd25/06/2014
23Ramel Industries Ltd11/07/2014
24Remac Realty India Ltd15/07/2014
25Sunshine Agro Global Ltd (Sunshine Forestry Pvt. Ltd)15/07/2014
26Sai Prasad Corporation Ltd.22/07/2014
27Nicer Green Housing and Infrastructure Developers Limited28/07/2014
28Dhanolty Developers Ltd30/07/2014
29JSV Developers India Ltd.31/07/2014
30HNC Infrastructures and Shares India Ltd05/08/2014
31Shubham Kroti Foods Pvt. Ltd08/08/2014
32PACL22/08/2014
33Step Up Marketing Pvt. Ltd.22/08/2014
34SPNJ Land Projects and Developers India Ltd17/09/2014
35G N Dairies Limited31/10/2014
36Sheen Agro and Plantation Ltd14/11/2014
37Garima Real Estate and Allied Ltd.24/11/2014
38Shree Sai Space Creation Ltd24/11/2014
39Arise Bhoomi Developers Ltd02/12/2014
40Vee Realties India Limited02/12/2014
41Sai Multi Services02/12/2014
42Kim Infrastructure & Developers  Ltd08/12/2014
43KMJ Land Developers India Ltd12/09/2014
44Skylark Land Develpers Ltd15/12/2014
45Blessing Agro Farm India Ltd15/12/2014
46Ken Infratech Ltd17/12/2014
47MVL Limited19/12/2014
48Ecogreen Realestate (India) Limited26/12/2014
49Sai Prakash Properties Development Ltd26/12/2014
50GCA Marketing Pvt Ltd30/12/2014
51Karmabhumi Real Estate Ltd30/12/2014
52Sai Prakash Organic Foods Ltd06/01/2015
53Sai Prasad Foods Ltd.14/01/2015
54Sai Prasad Properties Ltd14/01/2015
55NICL India Ltd14/01/2015
56Utkarsh Plotters & Multi Agro Solutions India lTd14/01/2015
57Arohan Trustee Company Private Limited21/04/2015
58Garima Homes & Farm Houses Ltd03/02/2015
59Suvidha Farming & Allied Ltd12/02/2015
60RBN Infrastructure India Ltd25/02/2015
61Anmol India Agro Herbal Farming and Dairies Care Co. Ltd09/03/2015
62Future Gold Infrabuild India Limited13/03/2015
63Shri Ram Real Estate and Business Solution Limited17/03/2015
64Mark Builders & Land Developers Limited17/03/2015
65Networth Marketing Limited19/03/2015
66Parivar Dairies and Allied Limited30/03/2015
67Swar Agrotech India Ltd30/03/2015
68Swar Agroteak and Housing India Private Limited (SAHIPL)30/03/2015
69Prosperity Agro India Limited31/03/2015
70Rich Infra Developers India Ltd31/03/2015
71BNP India Developers And Infrastructure Ltd31/03/2015
72Viswas Real Estates and Infrastructure India Ltd27/04/2015
73USK India Ltd.07/05/2015
74Insure Life Infrastructure India Limited08/05/2015
75Susk India Ltd.29/05/2015
76Citrus Check inns03/06/2015
77Capacious Farming Ltd16/06/2015
78IPN Land Developers And Allied Ltd and its Directors22/06/2015
79V3 Infrastructure & Estates Private Ltd and its Directors/Promoters23/06/2015
80Emerging India Infra Limited26/06/2015
81Bhoomi Devcon and Agritech Ltd29/06/2015
82Assure Agrowtech Limited03/07/2015
83Kalpbut Real Estate Ltd03/07/2015
84IHI Developers India Ltd03/08/2015
85Disc Assets Lead India Ltd20/08/2015
86Royal Twinkle Star Club Ltd.21/08/2015
87Nikhara Bharath Construction Company Ltd.21/08/2015
88Ally Multi-Trade India Pvt. Ltd.26/08/2015
89Samruddha Jeevan Foods India Ltd02/09/2015
90Popular Agro Farms Pvt. Limited08/09/2015
91Agri Gold Farms & Estates Ltd14/09/2015
92RDPL Infrastructure Limited22/09/2015
93Adel Landmarks Ltd (Era Landmarks Ltd)07/10/2015
94Raghav Capital & Infrastructure Ltd.19/10/2015
95Wisdom Agro Tech India Ltd20/10/2015

Mumbai

November 02, 2015

Source SEBI

Direct Taxes Ready ReckonerService Tax Ready ReckonerCompany Law Ready Reckonertax deduction at source
New Books Released on Tax , GST and law

One thought on “SEBI cautions investors not to invest in schemes offered by entities not registered with SEBI

  1. Pingback: 235 companies violated Deemed public issues rules : SEBI | Tax Heal

Leave a Reply

Your email address will not be published. Required fields are marked *