PR No. 109/2016
Caution to the Investors
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.
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.
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.
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.
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.
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
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.
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.
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.
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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