Excel for
Chartered Accountants
PR No. 174/2014
It has been observed that certain entities collect / mobilize money under existing / new schemes even after SEBI has directed such entities not to collect any further money, not to launch any new schemes, etc. These companies / entities without obtaining registration are illegally collecting / mobilising money, from investors by making false promises, assuring unrealistic return, etc.
Wherever SEBI has found schemes offered by these entities, to be in the nature of Collective Investment Schemes (CIS), appropriate actions have been taken against the entity/ies and its Directors. In this regard, since January 01, 2011, SEBI has passed orders against 51 entities and its Directors, carrying on unregistered CIS. As part of interim directions, SEBI 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 etc., and through final directions SEBI debars the company and its Directors from accessing the Capital markets, etc. 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
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. If any of the following entities are found to be collecting / mobilising money, investors are advised not to subscribe to such schemes and to report the same to SEBI, State authorities including Police authorities immediately, along with appropriate details / documents.
|
S.N. |
Case Name |
Date of SEBI Order |
|
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 |
Ken Infratech Ltd |
18-06-2013 |
|
9 |
Alchemist Infra Realty Ltd |
21-06-2013 |
|
10 |
Sumangal Industries Ltd |
09-07-2013 |
|
11 |
HBN Dairies & Allied Ltd |
12-07-2013 |
|
12 |
Sai Prasad Foods Ltd. |
17-07-2013 |
|
13 |
Sai Prasad Properties Ltd |
17-07-2013 |
|
14 |
Maitreya Plotters & Structures Pvt. Ltd |
30-08-2013 |
|
15 |
MVL Limited |
26-09-2013 |
|
16 |
Samruddha Jeevan Foods India Ltd |
31-10-2013 |
|
17 |
Servehit Housing & Infrastructure India Ltd |
31-10-2013 |
|
18 |
Orient Resorts (India) Pvt. Ltd |
26-11-2013 |
|
19 |
Kim Infrastructure & Developers Ltd |
05-12-2013 |
|
20 |
Green Ray International Limited |
03-02-2014 |
|
21 |
Royal Twinkle Star Club Ltd. |
07-03-2014 |
|
22 |
Ecogreen Realestate (India) Limited |
26-03-2014 |
|
23 |
Peers Allied Corportaion Ltd |
23-04-2014 |
|
24 |
Green Buds Agro Farm I Ltd |
16-05-2014 |
|
25 |
M/s. KBCL India Ltd |
26-05-2014 |
|
26 |
Adel Landmarks Ltd (Era Landmarks Ltd) |
05-06-2014 |
|
27 |
JSR Dairies Ltd |
05-06-2014 |
|
28 |
Nikhara Bharath Construction Company Ltd. |
12-06-2014 |
|
29 |
Haldhar Realty and Enterprises Ltd |
17-06-2014 |
|
30 |
Rose Valley Real Estate & Constructions Ltd. |
18-06-2014 |
|
31 |
Beetal Livestocks & Farms (Pvt) Ltd |
25-06-2014 |
|
32 |
Ramel Industries Ltd |
11-07-2014 |
|
33 |
Remac Realty India Ltd |
15-07-2014 |
|
34 |
Sunshine Agro Global Ltd (Sunshine Forestry Pvt. Ltd) |
15-07-2014 |
|
35 |
Ally Multi-Trade India Pvt. Ltd. |
22-07-2014 |
|
36 |
Sai Prasad Corporation Ltd |
22-07-2014 |
|
37 |
Nicer Green Housing and Infrastructure Developers Limited |
28-07-2014 |
|
38 |
Dhanolty Developers Ltd |
30-07-2014 |
|
39 |
JSV Developers India Ltd. |
31-07-2014 |
|
40 |
HNC Infrastructures and Shares India Ltd |
05-08-2014 |
|
41 |
Shubham Kroti Foods Pvt. Ltd |
08-08-2014 |
|
42 |
Viswas Real Estates and Infrastructure India Ltd |
08-08-2014 |
|
43 |
IHI Developers India Ltd |
11-08-2014 |
|
44 |
PACL |
22-08-2014 |
|
45 |
Step Up Marketing Pvt. Ltd. |
22-08-2014 |
|
46 |
SPNJ Land Projects and Developers India Ltd |
17-09-2014 |
|
47 |
G N Dairies Limited |
31-10-2014 |
|
48 |
Sheen Agro and Plantation Ltd |
14-11-2014 |
|
49 |
Garima Real Estate and Allied Ltd. |
24-11-2014 |
|
50 |
Raghav Capital & Infrastructure Ltd. |
24-11-2014 |
|
51 |
Shree Sai Space Creation Ltd |
24-11-2014 |
Mumbai
December 17, 2014
SEBI Cautions Investors not to invest in Schemes Offered by Entities Barred From Raising Money. Issues List of 51 Companies Without Registration Making False Promises, Assuring Unrealistic Returns
