Do not subscribe to Public Issues of these 256 Companies: SEBI

Securities and Exchange Board of India Press Release PR No. 8/2017 Caution to the Investors 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 and 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 and 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 Limited Kerala 10.04.2003 2 Sahara India Real Estate Corporation Limited Uttar Pradesh 23.06.2011 3 Sahara Housing Investment Corporation Limited Maharshtra 23.06.2011 4 SGI Research and Analysis Limited Delhi 11.01.2013 5 Prayag Infotech Hi-rise Limited West Bengal 18.02.2014 6 Vibgyor Allied Infrastructure Limited West Bengal 20.02.2014 7 Kolkata Weir Industries Limited West Bengal 30.04.2014 8 Ramel Industries Limited West Bengal 15.05.2014 9 Idol India Infrastructures Limited Madhya Pradesh 19.05.2014 10 Seashore Securities Limited West Bengal 23.07.2014 11 I core Eservices Limited West Bengal 25.07.2014 12 Media 9th Creations limited West Bengal 06.08.2014 13 URO Autotech Limited 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 and Securities Limited West Bengal 09.12.2014 19 Option One Industries Limited Madhya Pradesh 16.12.2014 20 Golden Life Agro India Limited West Bengal 07.01.2015 21 MPA Agro – Animals Projects Limited 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 Limited Madhya Pradesh 20.02.2015 25 Sahara India Commercial Corporation Limited West Bengal 20.02.2015 26 Target People Social Security Scheme Micro Finance Limited Tamilnadu 04.03.2015 27 Fishermen Development Micro Finance Limited 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 Limited 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 and Raavi Credits and Holdings Limited Delhi 27.03.2015 42 Fantasy Infraventure and 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 Limited Jammu and 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 Limited 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 Jammuand Kashmir 27.07.2015 74 DGR Farms and Leisures Limited 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 Limited Delhi 14.08.2015 86 Torsa Agro projects Limited 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 Limited 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 Limited Madhya Pradesh 29.09.2015 95 Adorable Agrotech Limited 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 Limited West Bengal 13.10.2015 105 Abyss Assam Real Estate Limited Assam 13.10.2015 106 Yash Dream Real Estate Limited 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 Limited 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 and 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 Limited 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 Limited Telangana 01.01.2016 143 R B Horticulture and 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 Limited 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 Limited West Bengal 08.02.2016 155 Qand B Retail Limited Delhi 10.02.2016 156 Ambitious Diversified Projects Management Limited West Bengal 15.02.2016 157 Tresty Securities Limited 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 Limited 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 Limited Jharkhand 23.02.2016 168 Vikdas Industries Limited 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 and 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 Limited 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 Limited 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 and 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 Limited Maharashtra 01.08.2016 220 Vishwamitra International Infra Limited 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 Limited Delhi 20.09.2016 226 Oscar Management Services Limited West Bengal 30.09.2016 227 Adamant Infrastructure Limited Madhya Pradesh 03.10.2016 228 Mount Vision Industries India Limited 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 Limited 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 Limited West Bengal 28.10.2016 244 Green India Infra Projects Limited 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 and Allied Limited Chhattisgarh 01.11.2016 253 Greater Kolkata Infracon Limited Madhya Pradesh 01.12.2016 254 Falcon Infra Projects Limited 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 Mumbai January 30, 2017