SEBI issues list of 221 Companies issuing Shares/ Debentures in Violation of Law

PR No. 298/2015 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 221 ( as on December 15, 2015) 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 December 15,2015 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 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 Odisha 23.07.2014 11 Sunplant Constructions Limited West Bengal 24.07.2014 12 I core E Services Limited West Bengal 25.07.2014 13 Ramel Real Estate Infrastructure Limited West Bengal 06.08.2014 14 MBK Business Development (India) Limited West Bengal 07.08.2014 15 Falkon Industries India Limited West Bengal 08.08.2014 16 Ravi Kiran Realty India Limited West Bengal 08.08.2014 17 Multi-Purpose Bios India Limited West Bengal 14.08.2014 18 Progress Cultivation Limited West Bengal 14.08.2014 19 Amrit Projects (N.E) Limited Assam 22.08.2014 20 Amrit Projects Limited West Bengal 09.09.2014 21 SEBA Real Estate Limited Assam 10.09.2014 22 Regenix Drugs Limited Tamil Nadu 10.11.2014 23 Real Tulip India Limited Madhya Pradesh 11.11.2014 24 Micro Leasing and funding Limited Odisha 21.11.2014 25 Angel Rural Deveopment Limited Madhya Pradesh 21.11.2014 26 Prism Infracon Limited West Bengal 24.11.2014 27 NVD Solar Limited West Bengal 27.11.2014 28 Sampriti Projects Limited West Bengal 28.11.2014 29 Swarnabhumi Developers Limited West Bengal 02.12.2014 30 Bharatiya Real Estate Development Limited West Bengal 02.12.2014 31 SLB Invest (India) Limited Odisha 03.12.2014 32 Mass Infra Realty Limited West Bengal 04.12.2014 33 Midas Touch Assets and Securities Limited Odisha 09.12.2014 34 Mondal Constructions Company Limited West Bengal 15.12.2014 35 Option One Industries Limited Madhya Pradesh 16.12.2014 36 Vaibhav Pariwar India Projects Limited West Bengal 29.12.2014 37 Silicon Projects Limited West Bengal 06.01.2015 38 Golden Life Agro India Limited West Bengal 07.01.2015 39 Dynamic Asset Management Limited Odisha 09.01.2015 40 Micro Finance Limited Odisha 14.01.2015 41 MPA Agro – Animals Projects Limited West Bengal 21.01.2015 42 Chakra Infrastructure Limited West Bengal 29.01.2015 43 Krutibibha Corporation Limited Odisha 29.01.2015 44 Vikdas Industries Limited West Bengal 29.01.2015 45 Prayas Projects India Limited West Bengal 30.01.2015 46 Amazan Agro Products Limited West Bengal 30.01.2015 47 Sarada Pleasure and Adventure Limited Bihar 02.02.2015 48 Basil International Limited Delhi 06.02.2015 49 Greater Kolkata Infrastructure Limited West Bengal 06.02.2015 50 Hooghly Agrotech Limited West Bengal 11.02.2015 51 Sukhchain Hire Purchase Limited Madhya Pradesh 11.02.2015 52 Adamant Infrastructure Limited Madhya Pradesh 11.02.2015 53 Suvidha Land Developers India Limited Madhya Pradesh 12.02.2015 54 ATM Agro Industries India Limited West Bengal 12.02.2015 55 ATM Agro Projects India Limited West Bengal 12.02.2015 56 Rightmax Technotrade International Limited Karnataka 20.02.2015 57 GBC Enterprise Limited West Bengal 20.02.2015 58 Nirmal Infrahome Corporation Limited Madhya Pradesh 20.02.2015 59 Dreamland Industries Limited West Bengal 24.02.2015 60 Tribhuvan Agro projects Limited West Bengal 24.02.2015 61 Target People Social Security Scheme Micro Finance Limited Tamil Nadu 04.03.2015 62 Fishermen Development Micro Finance Limited Tamil nadu 04.03.2015 63 ERIL Mutual Benefit India Limited Jharkhand 04.03.2015 64 Promotech Infratech Limited West Bengal 05.03.2015 65 Mega Mould India Limited West Bengal 05.03.2015 66 Asoka Life Science Limited West Bengal 11.03.2015 67 Golden Heaven Agro Project india Limitd West Bengal 12.03.2015 68 Maxbe Green Provision Limited West Bengal 13.03.2015 69 Jeevan Suraksha Real Estate Limited West Bengal 13.03.2015 70 Real Sunshine Corp Limited and its Directors Madhya Pradesh 13.03.2015 71 Rista Fisheries and Infrastructure Limited West Bengal 16.03.2015 72 Cell Industries Limited West Bengal 17.03.2015 73 Astha Green Energy Ventures India Limited Telangana 17.03.2015 74 Sunshine Hi-Tech Infracon Limited Gujarat 17.03.2015 75 GSHP Realtech Limited West Bengal 18.03.2015 76 Astha Techno Realty India Limited West Bengal 19.03.2015 77 MARS Agrofarm Developers Limited West Bengal 19.03.2015 78 Goldmine Food Products Limited West Bengal 19.03.2015 79 SCL Steel Corporation Lilmited Madhya Pradesh 19.03.2015 80 Infocare Infra Limited West Bengal 19.03.2015 81 URO Hygeinic Goods Limted West Bengal 19.03.2015 82 URO Infotech Limited West Bengal 19.03.2015 83 URO Life care Limited West Bengal 19.03.2015 84 URO Walkers Limited West Bengal 19.03.2015 85 URO Infra Realty India Limited West Bengal 19.03.2015 86 Real Agri Industries and Services Limited West Bengal 20.03.2015 87 Tresty Securities Limited Odisha 20.03.2015 88 Everlight Realcon Infrastructure Limited Jharkhand 20.03.2015 89 KKDIL Nidhi Limited Odisha 20.03.2015 90 Rhine and Raavi Credits and Holdings Limited Delhi 27.03.2015 91 Shivalik Cotex Limited Delhi 27.03.2015 92 Green India Infra Projects Limited Odisha 27.03.2015 93 Equinox Infratech Limited Madhya Pradesh 30.03.2015 94 Morningstar Ventures Limited West Bengal 30.03.2015 95 Fantasy Infraventure and Agrimart Limited Uttar Pradesh 30.03.2015 96 Affiance Industries Limited West Bengal 31.03.2015 97 I-Nova Solutions Limited West Bengal 31.03.2015 98 Polaris Agro Industries Limited West Bengal 01.04.2015 99 Mangalam Agro Products Limited West Bengal 06.04.2015 100 Pious Agro Industries Limited West Bengal 17.04.2015 101 Angela Agrotech Limited West Bengal 21.04.2015 102 Mount Vision Industries India Limited Madhya Pradesh 22.04.2015 103 Sankalp Projects Limited West Bengal 24.04.2015 104 Nixcil Pharmaceuticals Specialities Limited Uttar Pradesh 24.04.2015 105 Phenix Properties Limited Assam 24.04.2015 106 Sunplant Forgings Limited West Bengal 29.04.2015 107 Great Overseas Commodeal Limited West Bengal 06.05.2015 108 Bishal Horticulture and Animal Projects Limited West Bengal 06.05.2015 109 Bishal Distillers Limited West Bengal 06.05.2015 110 Bishal Agri–Bio Industries Limited West Bengal 06.05.2015 111 Bishal Abasan India Limited West Bengal 06.05.2015 112 Suraksha Industries India Limited Bihar 07.05.2015 113 Nava Diganta Capital Services Limited Odisha 07.05.2015 114 Waris Healthcare Limited West Bengal 07.05.2015 115 Subha Commercial Services Limited Tripura 08.05.2015 116 MRS Agrotech India Limited Madhya Pradesh 08.05.2015 117 RBX Land Developers India Limited Madhya Pradesh 12.05.2015 118 Gulshan Nirman India Limited Chhattisgarh 12.05.2015 119 Wasankar Wealth Management Limited Maharashtra 18.05.2015 120 Verinder Finance Limited Jammu and Kashmir 20.05.2015 121 Amazan Capital Limited West Bengal 25.05.2015 and 29.05.2015 122 Dolphin Universal Rural Development Limited Madhya Pradesh 27.05.2015 123 Cemendia Infrastructures Limited Madhya Pradesh 29.05.2015 124 Sun-Plant Business Limited West Bengal 03.06.2015 125 Neesa Technologies Limited Gujarat 03.06.2015 126 ASSR Agro India Limited West Bengal 04.06.2015 127 STPL Infrastructures Limited Madhya Pradesh 05.06.2015 128 AVM Real Estate and Allied Limited Chhattisgarh 05.06.2015 129 Polaris Realtors India Limited Madhya Pradesh 15.06.2015 130 Bhabiswajyoti Infrastructure India Limited Madhya Pradesh 17.06.2015 131 Gitanjali Udyog Limited West Bengal 17.06.2015 132 Cell Realcon Corporation Limited Madhya Pradesh 17.06.2015 133 Eris Energy Limited Madhya Pradesh 18.06.2015 134 Greenbang Agro Limited West Bengal 18.06.2015 135 Goldmine Agro Limited West Bengal 19.06.2015 136 Goldmine Industries Limited Madhya Pradesh 22.06.2015 137 Omisha Agri Industries (India) Limited Madhya Pradesh 22.06.2015 138 Waris Finance and Investment Limited West Bengal 23.06.2015 139 Jugantor Realty Limited West Bengal 23.06.2015 140 Matribhumi Projects (I) Limited West Bengal 23.06.2015 141 Annex Infrastructure India Limited West Bengal 24.06.2015 142 Active Rural Development India Limited Madhya Pradesh 25.06.2015 143 United Medicine and Surgical Industries Limited West Bengal 25.06.2015 144 Angel Allied India Limited Punjab 29.06.2015 145 Life Care Infrastructures India Limited Madhya Pradesh 29.06.2015 146 Vishwamitra International Infra Limited Madhya Pradesh 30.06.2015 147 Shah Group Builders Limited Maharashtra 01.07.2015 148 Megasys Healthcare Limited Madhya Pradesh 02.07.2015 149 Aspen Nirman India Limited Madhya Pradesh 15.07.2015 150 Siyaram Development and Construction Limited Karnataka 17.07.2015 151 Swasata Steel Industries Limited West Bengal 17.07.2015 152 Madurai Rural Development Transformation India Limited Tamil Nadu 17.07.2015 153 Madurai Rural Development Benefit Fund (India) Limited Tamil Nadu 17.07.2015 154 Swasata Cement Limited West Bengal 21.07.2015 155 Togo Retail Marketing Limited Delhi 22.07.2015 156 Pinnacle Ventures India Limited West Bengal 24.07.2015 157 Weird Infrastructure Corporation Limited Uttar Pradesh 24.07.2015 158 Pailan Park Development Authority Limited West Bengal 27.07.2015 159 Pailan Agro India Limited Jammuand Kashmir 27.07.2015 160 DGR Farms and Leisures Limited Madhya Pradesh 30.07.2015 161 Kerala Housing Finance Limited Kerala 31.07.2015 and 20.11.2015 162 Rising Agrotech Limited West Bengal 03.08.2015 163 Alchemist Capital Limited (formerly known as Toubro Holdings Limited ) Chandigarh 03.08.2015 164 Kolkata Aryan Food Industries Limited West Bengal 03.08.2015 165 PAFL Industries Limited West Bengal 05.08.2015 166 Eminence Infra Projects Limited West Bengal 06.08.2015 167 Rahul Inn Hospitality Limited Bihar 06.08.2015 168 Skymarg Agro Industries India Limited West Bengal 07.08.2015 169 Astha India Infra-tech Limited West Bengal 11.08.2015 170 Aryan Agro Projects India Limited West Bengal 12.08.2015 171 Magnox Infraprojects Limited West Bengal 13.08.2015 172 Alchemist Holdings Limited Delhi 14.08.2015 173 Torsa Agro projects Limited West Bengal 14.08.2015 174 Aspen Projects India Limited West Bengal 14.08.2015 175 Aditya Global Industries Limited West Bengal 19.08.2015 176 Waris Agrotech (India) Limited West Bengal 24.08.2015 177 Purusattam Infotech Industries Limited West Bengal 25.08.2015 178 Sunshine Infrabuild Corporation Limited Delhi 04.09.2015 179 Life Care Infra Tech Limited Uttar Pradesh 14.09.2015 180 Federal Agro Commercial Limited Odisha 29.09.2015 181 BNP Real Estate and Allied Limited Madhya Pradesh 29.09.2015 182 Adorable Agrotech Limited West Bengal 01.10.2015 183 Rahul Hi Rise Limited West Bengal 01.10.2015 184 Sunheaven Agro India Limited West Bengal 08.10.2015 185 Vaastav ALR International Limited West Bengal 09.10.2015 186 Bharat Krishi Samridhi Industries Limited West Bengal 09.10.2015 187 Shine India Infra Project Limited West Bengal 09.10.2015 188 Idol India Projects Limited West Bengal 09.10.2015 189 Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited ) West Bengal 12.10.2015 190 Suraksha Agrotech Industries Limited West Bengal 12.10.2015 191 Just Reliable Projects India Limited West Bengal 13.10.2015 192 Abyss Assam Real Estate Limited Assam 13.10.2015 193 Orchid Cultivation Projects India Limited West Bengal 15.10.2015 194 Yash Dream Real Estate Limited Chhattisgarh 15.10.2015 195 Newland Agro Industries Limited West Bengal 19.10.2015 196 Infinity Realcon Limited West Bengal 19.10.2015 197 Megasys Medi Life Limited West Bengal 19.10.2015 198 Weird Industries Limited West Bengal 21.10.2015 199 En Aromatic and Petro Chemicals Limited ( earlier known as Vamshi Chemicals Limited ) Delhi 04.11.2015 200 AapnaPariwar Agro Farming Developers India Limited West Bengal 09.11.2015 201 Vasundhara Realcon Limited West Bengal 10.11.2015 202 United Cosmetics Manufacturing (I) Limited West Bengal 20.11.2015 203 Suncity Infracon Corporation (India) Limited Assam 20.11.2015 204 Helios Corporation Limited Bihar 20.11.2015 205 Helios Chemicals Limited Bihar 20.11.2015 206 GreenTouch Projects Limited West Bengal 01.12.2015 207 Digstar Projects Limited West Bengal 01.12.2015 208 Suraksha Family Services Limited West Bengal 01.12.2015 209 IMAX Projects India Limited West Bengal 01.12.2015 210 Ramel Pharma Limited West Bengal 02.12.2015 211 Arcava Enterprises Limited West Bengal 02.12.2015 212 Swabhumi Real Estate India Limited West Bengal 02.12.2015 213 G R Agro Project Limited West Bengal 03.12.2015 214 Regal Hitech Agro Projects (India) Limited West Bengal 03.12.2015 215 Life Care Real Developers Limited Delhi 09.12.2015 216 Adarsh Wealth Ventures Limited Odisha 10.12.2015 217 AM Fund Managers Limited Odisha 10.12.2015 218 Real Vision International Limited Odisha 10.12.2015 219 Vista Management Services Limited Odisha 11.12.2015 220 Hum Projects Limited West Bengal 11.12.2015 221 Moonlight Associates Limited Assam 15.12.2015 Mumbai – December 31, 2015