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59/2016
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 NonConvertible 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 233 (as on March 15, 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.
[ www.sebi.gov.in ]
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Uttar Pradesh
Maharshtra
23.06.2011
23.06.2011
Delhi
West Bengal
West Bengal
West Bengal
West Bengal
Madhya Pradesh
Odisha
West Bengal
West Bengal
West Bengal
Tamil Nadu
Madhya Pradesh
Odisha
Madhya Pradesh
West Bengal
West Bengal
West Bengal
Odisha
West Bengal
Odisha
Madhya Pradesh
West Bengal
Odisha
Odisha
West Bengal
West Bengal
Delhi
West Bengal
Madhya Pradesh
Madhya Pradesh
West Bengal
West Bengal
11.01.2013
18.02.2014
20.02.2014
30.04.2014
15.05.2014
19.05.2014
23.07.2014
25.07.2014
08.08.2014
14.08.2014
10.11.2014
11.11.2014
21.11.2014
21.11.2014
27.11.2014
28.11.2014
02.12.2014
03.12.2014
04.12.2014
09.12.2014
16.12.2014
07.01.2015
09.01.2015
14.01.2015
21.01.2015
29.01.2015
06.02.2015
06.02.2015
11.02.2015
11.02.2015
12.02.2015
12.02.2015
Karnataka
West Bengal
Madhya Pradesh
West Bengal
Tamil Nadu
20.02.2015
20.02.2015
20.02.2015
24.02.2015
04.03.2015
Tamil Nadu
04.03.2015
Jharkhand
West Bengal
West Bengal
West Bengal
West Bengal
04.03.2015
05.03.2015
05.03.2015
11.03.2015
13.03.2015
[ www.sebi.gov.in ]
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West Bengal
13.03.2015
Madhya Pradesh
West Bengal
West Bengal
Gujarat
West Bengal
West Bengal
Madhya Pradesh
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
Odisha
West Bengal
13.03.2015
16.03.2015
17.03.2015
17.03.2015
18.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
20.03.2015
20.03.2015
Delhi
Delhi
Odisha
Madhya Pradesh
West Bengal
Uttar Pradesh
West Bengal
West Bengal
West Bengal
Madhya Pradesh
West Bengal
27.03.2015
27.03.2015
27.03.2015
30.03.2015
30.03.2015
30.03.2015
31.03.2015
01.04.2015
06.04.2015
22.04.2015
24.04.2015
Uttar Pradesh
Assam
West Bengal
West Bengal
24.04.2015
24.04.2015
29.04.2015
06.05.2015
West Bengal
West Bengal
West Bengal
West Bengal
Bihar
Odisha
West Bengal
Tripura
Madhya Pradesh
Madhya Pradesh
Chhattisgarh
Maharashtra
Jammu& Kashmir
West Bengal
06.05.2015
06.05.2015
06.05.2015
06.05.2015
07.05.2015
07.05.2015
07.05.2015
08.05.2015
08.05.2015
12.05.2015
12.05.2015
18.05.2015
20.05.2015
25.05.2015/
[ www.sebi.gov.in ]
29.05.2015
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27.05.2015
29.05.2015
03.06.2015
03.06.2015
04.06.2015
05.06.2015
05.06.2015
15.06.2015
17.06.2015
17.06.2015
17.06.2015
18.06.2015
18.06.2015
19.06.2015
22.06.2015
22.06.2015
23.06.2015
23.06.2015
23.06.2015
24.06.2015
25.06.2015
25.06.2015
29.06.2015
29.06.2015
30.06.2015
01.07.2015
02.07.2015
15.07.2015
17.07.2015
17.07.2015
17.07.2015
17.07.2015
21.07.2015
22.07.2015
24.07.2015
24.07.2015
27.07.2015
27.07.2015
30.07.2015
31.07.2015/
20.11.2015
[ www.sebi.gov.in ]
West Bengal
03.08.2015
Chandigarh
West Bengal
West Bengal
West Bengal
Bihar
West Bengal
West Bengal
West Bengal
West Bengal
Delhi
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
Delhi
Uttar Pradesh
Odisha
Madhya Pradesh
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
03.08.2015
03.08.2015
05.08.2015
06.08.2015
06.08.2015
07.08.2015
11.08.2015
12.08.2015
13.08.2015
14.08.2015
14.08.2015
14.08.2015
19.08.2015
24.08.2015
25.08.2015
04.09.2015
14.09.2015
29.09.2015
29.09.2015
01.10.2015
01.10.2015
08.10.2015
09.10.2015
09.10.2015
09.10.2015
09.10.2015
West Bengal
West Bengal
West Bengal
Assam
West Bengal
Chhattisgarh
West Bengal
West Bengal
West Bengal
West Bengal
12.10.2015
12.10.2015
13.10.2015
13.10.2015
15.10.2015
15.10.2015
19.10.2015
19.10.2015
19.10.2015
21.10.2015
Delhi
West Bengal
04.11.2015
09.11.2015
West Bengal
10.11.2015
West Bengal
20.11.2015
[ www.sebi.gov.in ]
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Limited
Helios Corporation Ltd
Helios Chemicals Limited
Digstar Projects Limited
Suraksha Family Services Limited
IMAX Projects India Limited
GreenTouch Projects Limited
Ramel Pharma Limited
Arcava Enterprises Limited
Swabhumi Real Estate India Limited
G R Agro Project Limited
Regal Hitech Agro Projects (India)
Limited
Life Care Real Developers Limited
Adarsh Wealth Ventures Limited
AM Fund Managers Limited
Real Vision International Limited
Vista Management Services Limited
Hum Projects Limited
Moonlight Associates Limited
Sarada Pleasure and Adventure Limited
Multi Purpose Bios India Limited
Prayas Projects India Limited
Hahnemann Herbal Limited
Sunplant Constructions Limited
Krutibibha Corporation Limited
Astha Green Energy Ventures India Ltd.
R B Horticulture & Animal Project Limited
Express Cultivation Limited
Milan and Milan International Limited
RTC Properties India Limited
SEBA Real Estate Limited
Mondal Constructions Company Limited
Bharatiya Real Estate Development Ltd
Vaibhav Pariwar India Projects Limited
Amazan Agro Products Limited
MBK Business Development (India)
Limited
Ramel Real Estate Infrastructure Ltd
Q&B Retail Ltd
Ambitious Diversified Projects
Management Limited
Tresty Securities Ltd
Suvidha Land Developers India Limited
SunTechno International Limited
Jivan Sathi Dream Projects Limited
Dreamland Industries Ltd
Prism Infracon Limited
Hooghly Agrotech Limited
page: 6
Assam
Bihar
Bihar
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
20.11.2015
20.11.2015
20.11.2015
01.12.2015
01.12.2015
01.12.2015
01.12.2015
02.12.2015
02.12.2015
02.12.2015
03.12.2015
West Bengal
Delhi
Odisha
Odisha
Odisha
Odisha
West Bengal
Assam
Bihar
West Bengal
West Bengal
Odisha
West Bengal
Odisha
Telangana
West Bengal
West Bengal
Odisha
West Bengal
Assam
West Bengal
West Bengal
West Bengal
West Bengal
03.12.2015
09.12.2015
10.12.2015
10.12.2015
10.12.2015
11.12.2015
11.12.2015
15.12.2015
28.12.2015
29.12.2015
29.12.2015
30.12.2015
31.12.2015
31.12.2015
01.01.2016
08.01.2016
08.01.2016
12.01.2016
14.01.2016
15.01.2016
15.01.2016
21.01.2016
22.01.2016
22.01.2016
West Bengal
West Bengal
Delhi
04.02.2016
08.02.2016
10.02.2016
West Bengal
Odisha
Madhya Pradesh
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
15.02.2016
16.02.2016
16.02.2016
17.02.2016
17.02.2016
17.02.2016
18.02.2016
23.02.2016
[ www.sebi.gov.in ]
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Assam
West Bengal
Jharkhand
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
23.02.2016
23.02.2016
23.02.2016
24.02.2016
26.02.2016
26.02.2016
26.02.2016
01.03.2016
01.03.2016
01.03.2016
02.03.2016
02.03.2016
02.03.2016
02.03.2016
03.03.2016
04.03.2016
Mumbai
March 16, 2016
page: 7
[ www.sebi.gov.in ]