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

By | 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 Name Date of SEBI Order (In case of both interim and final orders in a matter, date of final order is stated here)
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 Alchemist Infra Realty Ltd 21/06/2013
9 Sumangal Industries Ltd 09/07/2013
10 Rose Valley Hotels & Entertainment Ltd 10/07/2013
11 HBN Dairies & Allied Ltd 12/07/2013
12 Maitreya Plotters & Structures Pvt. Ltd 30/08/2013
13 Servehit Housing & Infrastructure  India Ltd. 31/10/2013
14 Orient Resorts (India) Pvt. Ltd 26/11/2013
15 Green Ray International Limited 03/02/2014
16 Peers Allied Corportaion Ltd 23/04/2014
17 Green Buds Agro Farm I Ltd 16/05/2014
18 M/s. KBCL India Ltd 26/05/2014
19 JSR Dairies Ltd 05/06/2014
20 Haldhar Realty and Enterprises Ltd 17/06/2014
21 Rose Valley Real Estate & Constructions Ltd. 18/06/2014
22 Beetal Livestocks & Farms (Pvt) Ltd 25/06/2014
23 Ramel Industries Ltd 11/07/2014
24 Remac Realty India Ltd 15/07/2014
25 Sunshine Agro Global Ltd (Sunshine Forestry Pvt. Ltd) 15/07/2014
26 Sai Prasad Corporation Ltd. 22/07/2014
27 Nicer Green Housing and Infrastructure Developers Limited 28/07/2014
28 Dhanolty Developers Ltd 30/07/2014
29 JSV Developers India Ltd. 31/07/2014
30 HNC Infrastructures and Shares India Ltd 05/08/2014
31 Shubham Kroti Foods Pvt. Ltd 08/08/2014
32 PACL 22/08/2014
33 Step Up Marketing Pvt. Ltd. 22/08/2014
34 SPNJ Land Projects and Developers India Ltd 17/09/2014
35 G N Dairies Limited 31/10/2014
36 Sheen Agro and Plantation Ltd 14/11/2014
37 Garima Real Estate and Allied Ltd. 24/11/2014
38 Shree Sai Space Creation Ltd 24/11/2014
39 Arise Bhoomi Developers Ltd 02/12/2014
40 Vee Realties India Limited 02/12/2014
41 Sai Multi Services 02/12/2014
42 Kim Infrastructure & Developers  Ltd 08/12/2014
43 KMJ Land Developers India Ltd 12/09/2014
44 Skylark Land Develpers Ltd 15/12/2014
45 Blessing Agro Farm India Ltd 15/12/2014
46 Ken Infratech Ltd 17/12/2014
47 MVL Limited 19/12/2014
48 Ecogreen Realestate (India) Limited 26/12/2014
49 Sai Prakash Properties Development Ltd 26/12/2014
50 GCA Marketing Pvt Ltd 30/12/2014
51 Karmabhumi Real Estate Ltd 30/12/2014
52 Sai Prakash Organic Foods Ltd 06/01/2015
53 Sai Prasad Foods Ltd. 14/01/2015
54 Sai Prasad Properties Ltd 14/01/2015
55 NICL India Ltd 14/01/2015
56 Utkarsh Plotters & Multi Agro Solutions India lTd 14/01/2015
57 Arohan Trustee Company Private Limited 21/04/2015
58 Garima Homes & Farm Houses Ltd 03/02/2015
59 Suvidha Farming & Allied Ltd 12/02/2015
60 RBN Infrastructure India Ltd 25/02/2015
61 Anmol India Agro Herbal Farming and Dairies Care Co. Ltd 09/03/2015
62 Future Gold Infrabuild India Limited 13/03/2015
63 Shri Ram Real Estate and Business Solution Limited 17/03/2015
64 Mark Builders & Land Developers Limited 17/03/2015
65 Networth Marketing Limited 19/03/2015
66 Parivar Dairies and Allied Limited 30/03/2015
67 Swar Agrotech India Ltd 30/03/2015
68 Swar Agroteak and Housing India Private Limited (SAHIPL) 30/03/2015
69 Prosperity Agro India Limited 31/03/2015
70 Rich Infra Developers India Ltd 31/03/2015
71 BNP India Developers And Infrastructure Ltd 31/03/2015
72 Viswas Real Estates and Infrastructure India Ltd 27/04/2015
73 USK India Ltd. 07/05/2015
74 Insure Life Infrastructure India Limited 08/05/2015
75 Susk India Ltd. 29/05/2015
76 Citrus Check inns 03/06/2015
77 Capacious Farming Ltd 16/06/2015
78 IPN Land Developers And Allied Ltd and its Directors 22/06/2015
79 V3 Infrastructure & Estates Private Ltd and its Directors/Promoters 23/06/2015
80 Emerging India Infra Limited 26/06/2015
81 Bhoomi Devcon and Agritech Ltd 29/06/2015
82 Assure Agrowtech Limited 03/07/2015
83 Kalpbut Real Estate Ltd 03/07/2015
84 IHI Developers India Ltd 03/08/2015
85 Disc Assets Lead India Ltd 20/08/2015
86 Royal Twinkle Star Club Ltd. 21/08/2015
87 Nikhara Bharath Construction Company Ltd. 21/08/2015
88 Ally Multi-Trade India Pvt. Ltd. 26/08/2015
89 Samruddha Jeevan Foods India Ltd 02/09/2015
90 Popular Agro Farms Pvt. Limited 08/09/2015
91 Agri Gold Farms & Estates Ltd 14/09/2015
92 RDPL Infrastructure Limited 22/09/2015
93 Adel Landmarks Ltd (Era Landmarks Ltd) 07/10/2015
94 Raghav Capital & Infrastructure Ltd. 19/10/2015
95 Wisdom Agro Tech India Ltd 20/10/2015

Mumbai

November 02, 2015

Source SEBI

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