Caution to the Investors

Press Release
Securities and Exchange Board of India
Jan 30, 2017
PR No.: 8/2017
  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 256 (as on January 10, 2017)  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 January 10, 2017

Sr. No.

Name of the Entity

Location 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

West Bengal

23.07.2014

11

I core Eservices Ltd

West Bengal

25.07.2014

12

Media 9th Creations limited

West Bengal

06.08.2014

13

URO Autotech Ltd

West Bengal

01.09.2014

14

Regenix Drugs Limited

Tamilnadu

10.11.2014

15

Real Tulip India Limited

Madhya Pradesh

11.11.2014

16

Angel Rural Development Limited

Madhya Pradesh

21.11.2014

17

NVD Solar Limited

West Bengal

27.11.2014

18

Midas Touch Assets & Securities Limited

West Bengal

09.12.2014

19

Option One Industries Ltd

Madhya Pradesh

16.12.2014

20

Golden Life Agro India Limited

West Bengal

07.01.2015

21

MPA Agro - Animals Projects Ltd

West Bengal

21.01.2015

22

Basil International Limited

Delhi

06.02.2015

23

Greater Kolkata Infrastructure Limited

West Bengal

06.02.2015

24

Nirmal Infrahome Corporation Ltd

Madhya Pradesh

20.02.2015

25

Sahara India Commercial Corporation Limited

West Bengal

20.02.2015

26

Target People Social Security Scheme Micro Finance Ltd

Tamilnadu

04.03.2015

27

Fishermen Development Micro Finance Ltd.

Tamilnadu

04.03.2015

28

ERIL Mutual Benefit India Limited

West Bengal

04.03.2015

29

Promotech Infratech Limited

West Bengal

05.03.2015

30

Mega Mould India Limited

West Bengal

05.03.2015

31

Asoka Life Science Limited

West Bengal

11.03.2015

32

Real Sunshine Corp Limited and its Directors

Madhya Pradesh

13.03.2015

33

Sunshine Hi-Tech Infracon Ltd.

Madhya Pradesh

17.03.2015

34

GSHP Realtech Limited

West Bengal

18.03.2015

35

SCL Steel Corporation Limited

Madhya Pradesh

19.03.2015

36

URO Hygeinic Goods Limted

West Bengal

19.03.2015

37

URO Infotech Limited

West Bengal

19.03.2015

38

URO Life care Limited

West Bengal

19.03.2015

39

URO Walkers Limited

West Bengal

19.03.2015

40

URO Infra Realty India Limited

West Bengal

19.03.2015

41

Rhine &Raavi Credits and Holdings Limited

Delhi

27.03.2015

42

Fantasy Infraventure & Agrimart Limited

Uttar Pradesh

30.03.2015

43

Mangalam Agro Products Limited

West Bengal

06.04.2015

44

Nixcil Pharmaceuticals Specialities Limited

Uttar Pradesh

24.04.2015

45

Sunplant Forgings Limited

West Bengal

29.04.2015

46

Suraksha Industries India Limited

Bihar

07.05.2015

47

Nava Diganta Capital Services Limited

Odisha

07.05.2015

48

Gulshan Nirman India Limited

Chhattisgarh

12.05.2015

49

Wasankar Wealth Management Limited

Maharashtra

18.05.2015

50

Verinder Finance Ltd

Jammu & Kashmir

20.05.2015

51

Amazan Capital Limited

West Bengal

20.05.2015/

29.05.2015

52

Sun-Plant Business Limited

West Bengal

03.06.2015

53

ASSR Agro India Limited

West Bengal

04.06.2015

54

Polaris Realtors India Limited

Madhya Pradesh

15.06.2015

55

Bhabiswajyoti Infrastructure India Limited

Madhya Pradesh

17.06.2015

56

Cell Realcon Corporation Limited

Madhya Pradesh

17.06.2015

57

Greenbang Agro Limited

West Bengal

18.06.2015

58

Goldmine Agro Limited

West Bengal

19.06.2015

59

Active Rural Development India Limited

Madhya Pradesh

25.06.2015

60

Angel Allied India Limited

Punjab

29.06.2015

61

Life Care Infrastructures India Limited

Madhya Pradesh

29.06.2015

62

Shah Group Builders Ltd

Maharashtra

01.07.2015

63

Aspen Nirman India Limited

Madhya Pradesh

15.07.2015

64

Madurai Rural Development Transformation India Limited

Tamilnadu

17.07.2015

65

Madurai Rural Development Benefit Fund (India) Limited  

Tamilnadu

17.07.2015

66

Siyaram Development and Construction Limited

Karnataka

17.07.2015

67

Swasata Steel Industries Limited

West Bengal

17.07.2015

68

Swasata Cement Limited

West Bengal

21.07.2015

69

Togo Retail Marketing Limited

Delhi

22.07.2015

70

Pinnacle Ventures India Limited

West Bengal

24.07.2015

71

Weird Infrastructure Corporation Limited

Uttar Pradesh

24.07.2015

72

Pailan Park Development Authority Limited

West Bengal

27.07.2015

73

Pailan Agro India Limited

Jammu& Kashmir

27.07.2015

74

DGR Farms & Leisures Ltd

Madhya Pradesh

30.07.2015

75

Kerala Housing Finance Limited

Kerala

31.07.2015

76

Rising Agrotech Limited

West Bengal

03.08.2015

77

Alchemist Capital Limited (formerly known as Toubro Holdings Limited)

Punjab

03.08.2015

78

Kolkata Aryan Food Industries Limited

West Bengal

03.08.2015

79

Togo Retail Marketing Limited

Delhi

05.08.2015

80

PAFL Industries Limited

West Bengal

05.08.2015

81

Eminence Infra Projects Limited

West Bengal

06.08.2015

82

Rahul Inn Hospitality Limited

Bihar

06.08.2015

83

Skymarg Agro Industries India Limited

West Bengal

07.08.2015

84

Magnox Infraprojects Limited

West Bengal

13.08.2015

85

Alchemist Holdings Ltd

Delhi

14.08.2015

86

Torsa Agro projects Ltd

West Bengal

14.08.2015

87

Aspen Projects India Limited

West Bengal

14.08.2015

88

Aditya Global Industries Limited

West Bengal

19.08.2015

89

Waris Agrotech (India) Limited

West Bengal

24.08.2015

90

Purusattam Infotech Industries Limited

West Bengal

25.08.2015

91

Sunshine Infrabuild Corporation Ltd

Delhi

04.09.2015

92

Life Care Infra Tech Limited

Uttar Pradesh

14.09.2015

93

Federal Agro Commercial Limited

Odisha

29.09.2015

94

BNP Real Estate and Allied Ltd

Madhya Pradesh

29.09.2015

95

Adorable Agrotech Ltd.

West Bengal

01.10.2015

96

Rahul Hi Rise Limited

West Bengal

01.10.2015

97

Sunheaven Agro India Limited

West Bengal

08.10.2015

98

Vaastav ALR International Limited

West Bengal

09.10.2015

99

Bharat Krishi Samridhi Industries Limited

West Bengal

09.10.2015

100

Shine India Infra Project Limited

West Bengal

09.10.2015

101

Idol India Projects Limited

West Bengal

09.10.2015

102

Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited)

West Bengal

12.10.2015

103

Suraksha Agrotech Industries Limited

West Bengal

12.10.2015

104

Just Reliable Projects India Ltd

West Bengal

13.10.2015

105

Abyss Assam Real Estate Limited

Assam

13.10.2015

106

Yash Dream Real Estate Ltd.

Chhattisgarh

15.10.2015

107

Orchid Cultivation Projects India Limited

West Bengal

15.10.2015

108

Newland Agro Industries Limited

West Bengal

19.10.2015

109

Infinity Realcon Limited

West Bengal

19.10.2015

110

Megasys Medi Life Ltd

West Bengal

19.10.2015

111

Weird Industries Limited

West Bengal

21.10.2015

112

Falkon Industries India Limited

West Bengal

21.10.2015

113

En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited)

Delhi

04.11.2015

114

AapnaPariwar Agro Farming Developers India Limited

West Bengal

09.11.2015

115

Vasundhara Realcon Limited

West Bengal

10.11.2015

116

Helios Corporation Ltd

West Bengal

20.11.2015

117

Helios Chemicals Limited

West Bengal

20.11.2015

118

Kerala Housing Finance Limited

Kerala

20.11.2015

119

SuncityInfracon Corporation (India) Limited

Assam

20.11.2015

120

Digstar Projects Limited

West Bengal

01.12.2015

121

Suraksha Family Services Limited

West Bengal

01.12.2015

122

IMAX Projects India Limited

West Bengal

01.12.2015

123

GreenTouch Projects Limited

West Bengal

01.12.2015

124

Ramel Pharma Limited

West Bengal

02.12.2015

125

Arcava Enterprises Limited

West Bengal

02.12.2015

126

Swabhumi Real Estate India Limited

West Bengal

02.12.2015

127

G R Agro Project Limited

West Bengal

03.12.2015

128

Regal Hitech Agro Projects (India) Limited

West Bengal

03.12.2015

129

Life Care Real Developers Limited

Delhi

09.12.2015

130

Adarsh Wealth Ventures Limited

Odisha

10.12.2015

131

AM Fund Managers Limited

Odisha

10.12.2015

132

Real Vision International Limited

Odisha

10.12.2015

133

Vista Management Services Limited

Odisha

11.12.2015

134

Hum Projects Limited

West Bengal

11.12.2015

135

Moonlight Associates Limited

West Bengal

15.12.2015

136

Sarada Pleasure and Adventure Limited

Bihar

28.12.2015

137

Multi-Purpose Bios India Limited

West Bengal

29.12.2015

138

Prayas Projects India Limited

West Bengal

29.12.2015

139

Hahnemann Herbal Limited

Odisha

30.12.2015

140

Sunplant Constructions Limited

West Bengal

31.12.2015

141

Krutibibha Corporation Limited

Odisha

31.12.2015

142

Astha Green Energy Ventures India Ltd.

Telangana

01.01.2016

143

R B Horticulture & Animal Project Limited

West Bengal

08.01.2016

144

Express Cultivation Limited

West Bengal

08.01.2016

145

Milan and Milan International Limited

Odisha

12.01.2016

146

RTC Properties India Limited

West Bengal

14.01.2016

147

SEBA Real Estate Limited

Assam

15.01.2016

148

Mondal Constructions Company Limited

West Bengal

15.01.2016

149

Maxbe Green Provision Limited

West Bengal

15.01.2016

150

Bharatiya Real Estate Development Ltd

West Bengal

21.01.2016

151

Vaibhav Pariwar India Projects Limited

West Bengal

22.01.2016

152

Amazan Agro Products Limited

West Bengal

22.01.2016

153

MBK Business Development (India) Limited

West Bengal

04.02.2016

154

Ramel Real Estate Infrastructure Ltd

West Bengal

08.02.2016

155

Q&B Retail Ltd

Delhi

10.02.2016

156

Ambitious Diversified Projects Management Limited

West Bengal

15.02.2016

157

Tresty Securities Ltd

Odisha

16.02.2016

158

Suvidha Land Developers India Limited

Madhya Pradesh

16.02.2016

159

Sun Techno International Limited

West Bengal

17.02.2016

160

Jivan Sathi Dream Projects Limited

West Bengal

17.02.2016

161

Dreamland Industries Ltd

West Bengal

17.02.2016

162

Prism Infracon Limited

West Bengal

18.02.2016

163

Win Realcon Limited

West Bengal

18.02.2016

164

Hooghly Agrotech Limited

West Bengal

23.02.2016

165

Amrit Projects (N.E) Limited

Assam

23.02.2016

166

Golden Heaven Agro Project India Limited

West Bengal

23.02.2016

167

Everlight Realcon Infrastructure Ltd

Jharkhand

23.02.2016

168

Vikdas Industries Ltd.

West Bengal

24.02.2016

169

MARS Agrofarm Developers Limited

West Bengal

26.02.2016

170

Astha Techno Realty India Limited

West Bengal

26.02.2016

171

Amrit Projects Limited

West Bengal

26.02.2016

172

Infocare Infra Limited

West Bengal

01.03.2016

173

Angela Agrotech Limited

West Bengal

01.03.2016

174

Ravi Kiran Realty India Limited

West Bengal

01.03.2016

175

Shreysth Production Industries Limited

West Bengal

02.03.2016

176

Shristi Procon Limited

West Bengal

02.03.2016

177

Pious Agro Industries Limited

West Bengal

02.03.2016

178

I-Nova Solutions Limited

West Bengal

02.03.2016

179

Rista Fisheries & Infrastructure Limited

West Bengal

02.03.2016

180

Sampriti Projects Limited

West Bengal

02.03.2016

181

Goldmine Food Products Limited

West Bengal

02.03.2016

182

Polaris Agro Industries Limited

West Bengal

02.03.2016

183

Silicon Projects Limited

West Bengal

03.03.2016

184

Shankalp Food and Beverages Limited

West Bengal

04.03.2016

185

Jeevan Suraksha Real Estate Limited 

West Bengal

16.03.2016

186

Swarnabhumi Developers Limited

West Bengal

16.03.2016

187

Rising Agrotech Limited

West Bengal

16.03.2016

188

Roofers Infa-Projects Limited

West Bengal

18.03.2016

189

Subha Commercial Services Limited

Tripura

22.03.2016

190

Progress Cultivation Limited

West Bengal

22.03.2016

191

Micro Leasing and funding Ltd

Odisha

31.03.2016

192

Chakra Infrastructure Limited

West Bengal

20.04.2016

193

Real Agri Industries and Services Limited

West Bengal

20.04.2016

194

Dynamic Asset Management Limited

Odisha

20.04.2016

195

SLB Invest (India) Limited

Odisha

22.04.2016

196

Chakra Infrastructure Limited

West Bengal

22.04.2016

197

Mass Infra Realty Limited

West Bengal

25.04.2016

198

Phenix Properties Limited

Assam

27.04.2016

199

Sankalp Projects Limited

West Bengal

28.04.2016

200

Tribhuvan Agro projects Ltd

West Bengal

28.04.2016

201

ATM Agro Industries India Limited

West Bengal

29.04.2016

202

ATM Agro Projects India Limited

West Bengal

02.05.2016

203

GBC Enterprise Limited

West Bengal

06.05.2016

204

Affiance Industries Limited

West Bengal

09.05.2016

205

Cell Industries Limited

West Bengal

12.05.2016

206

Bishal Horticulture & Animal Projects Limited

West Bengal

16.05.2016

207

Bishal Distillers Limited

West Bengal

16.05.2016

208

Bishal Agri - Bio Industries Limited

West Bengal

16.05.2016

209

Bishal Abasan India Limited

West Bengal

16.05.2016

210

JeevanSuraksha Real Estate Limited

West Bengal

20.05.2016

211

Neesa Technologies Limited

Gujarat

02.06.2016

212

Sukhchain Hire Purchase Limited

Madhya Pradesh

07.06.2016

213

Riju Cement Limited

West Bengal

07.07.2016

214

Shine India Agro Industries Limited

West Bengal

07.07.2016

215

Multinational Industries Limited

West Bengal

07.07.2016

216

Gurukul Projects Limited

West Bengal

07.07.2016

217

Roofers Capital Management Limited

West Bengal

07.07.2016

218

URO agro India Limited

West Bengal

07.07.2016

219

Lokmangal Agro Industries Ltd

Maharashtra

01.08.2016

220

Vishwamitra International Infra Ltd

Madhya Pradesh

10.08.2016

221

Waris Healthcare Limited

West Bengal

21.09.2016

222

Waris Finance and Investment Limited

West Bengal

21.09.2016

223

Great Overseas Commodeal Limited

West Bengal

21.09.2016

224

Rightmax Technotrade International Limited

Karnataka

21.09.2016

225

Shivalik Cotex Ltd

Delhi

20.09.2016

226

Oscar Management Services Limited

West Bengal

30.09.2016

227

Adamant Infrastructure Ltd

Madhya Pradesh

03.10.2016

228

Mount Vision Industries India Ltd

Madhya Pradesh

03.10.2016

229

RBX Land Developers India Limited

Madhya Pradesh

03.10.2016

230

Matribhumi Projects (I) Limited

West Bengal

03.10.2016

231

Jugantor Realty Limited

West Bengal

03.10.2016

232

GitanjaliUdyog Limited

West Bengal

06.10.2016

233

Morningstar Ventures Limited

West Bengal

06.10.2016

234

MRS Agrotech India Limited

Madhya Pradesh

18.10.2016

235

Astha India Infra-tech Limited

West Bengal

21.10.2016

236

United Cosmetics Manufacturing (I) Limited

West Bengal

21.10.2016

237

Annex Infrastructure India Limited

West Bengal

27.10.2016

238

Dolphin Universal Rural Development Limited

Madhya Pradesh

27.10.2016

239

STPL Infrastructures Limited

Madhya Pradesh

27.10.2016

240

Micro Finance Ltd

West Bengal

27.10.2016

241

United Medicine and Surgical Industries Limited

West Bengal

28.10.2016

242

Eris Energy Limited

Madhya Pradesh

28.10.2016

243

KKDIL Nidhi Ltd.

West Bengal

28.10.2016

244

Green India Infra Projects Ltd

West Bengal

28.10.2016

245

Oscar Management Services Limited

West Bengal

30.09.2016

246

Omisha Agri Industries (India) Limited

Madhya Pradesh

01.11.2016

247

Aryan Agro Projects India Limited

West Bengal

01.11.2016

248

Cemendia Infrastructures Limited

Madhya Pradesh

01.11.2016

249

Goldmine Industries Limited

Madhya Pradesh

01.11.2016

250

Megasys Healthcare Limited                                  

Madhya Pradesh

01.11.2016

251

Equinox Infratech Limited

Madhya Pradesh

01.11.2016

252

AVM Real Estate & Allied Limited

Chhattisgarh

01.11.2016

253

Greater Kolkata Infracon Ltd

Madhya Pradesh

01.12.2016

254

Falcon Infra Projects Ltd

West Bengal

22.12.2016

255

Sunshine Agro Infra Limited

West Bengal

23.12.2016

256

Zenith HiRise Infracon Limited

West Bengal

10.01.2017