Caution to the Investors

Press Release
Securities and Exchange Board of India
Jun 06, 2016
PR No.: 109/2016
  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 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.
  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 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