Caution to the Investors

Press Release
Securities and Exchange Board of India
Dec 31, 2015
PR No.: 298/2015
  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