List of 235 Companies who violated Deemed public issue norms

PR No. 109/2016 June 06, 2016 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 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 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 May 31, 2016 Sr. No. Name of the Entity Registered office 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 30.09.2013 18.02.2014 6 Vibgyor Allied Infrastructure Limited West Bengal 20.2.2014 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 Odisha 23.07.2014 11 I core Eservices Limited 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 and Securities Limited Odisha 09.12.2014 17 Option One Industries Limited Madhya Pradesh 16.12.2014 18 Golden Life Agro India Limited West Bengal 07.01.2015 19 Micro Finance Limited Odisha 14.01.2015 20 MPA Agro – Animals Projects Limited 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 Limited Madhya Pradesh 11.02.2015 25 Rightmax Technotrade International Limited Karnataka 20.02.2015 26 Nirmal Infrahome Corporation Limited Madhya Pradesh 20.02.2015 27 Target People Social Security Scheme Micro Finance Limited Tamil Nadu 04.03.2015 28 Fishermen Development Micro Finance Limited 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 Limited 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 Limited Odisha 20.03.2015 43 Shivalik Cotex Limited Delhi 27.03.2015 44 Green India Infra Projects Odisha 27.03.2015 45 Rhine and 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 and Agrimart Limited Uttar Pradesh 30.03.2015 49 Mangalam Agro Products Limited West Bengal 06.04.2015 50 Mount Vision Industries India Limited 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 Limited Jammu and 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 and 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 Limited Madhya Pradesh 30.06.2015 88 Shah Group Builders Limited 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 Jammuand Kashmir 27.07.2015 101 DGR Farms and Leisures Limited 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 Limited Delhi 14.08.2015 114 Torsa Agro projects Limited 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 Limited 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 Limited Madhya Pradesh 29.09.2015 123 Adorable Agrotech Limited 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 Limited 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 Limited 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 Limited 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 and 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 Limited 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 Limited Telangana 01.01.2016 171 R B Horticulture and 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 Limited 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 Limited West Bengal 08.02.2016 183 Qand B Retail Limited Delhi 10.02.2016 184 Ambitious Diversified Projects Management Limited West Bengal 15.02.2016 185 Tresty Securities Limited 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 Limited 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 Limited Jharkhand 23.02.2016 196 Vikdas Industries Limited 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 and 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 Limited 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 Limited 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 and 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