Action against 112 Companies for issue of Shares without compliance of law

Caution to investors 1. Some unlisted companies are luring retail investors by issuing securities including non convertible debentures/ non convertible preference 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 and SEBI (Issue and Listing of Non Convertible Redeemable Preference Shares),Regulations, 2013. 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 112 such entities, since January 2013 for issuance of securities in the form of non convertible preference shares/ non convertible debentures 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. 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. 8. 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. Orders Passed in respect of Deemed Public Issue Sl. No. Date of Order Name of the entity Region Nature of Order 1 September 20, 2013 Alchemist Holdings Limited NRO Interim 2 April 30, 2014 Kolkata Weir Industries Limited ERO Final 3 May 19, 2014 Idol India Infrastructures Limited WRO Final 4 June 05, 2014 Aspen Projects India Limited ERO Interim 5 July 16, 2014 Sunplant Forgings Limited ERO Interim 6 July 24, 2014 Sunplant Constructions Limited ERO Interim 7 July 31, 2014 Wasankar Wealth Management Limited HO Interim 8 July 31, 2014 PAFL Industries Limited ERO Interim 9 August 6, 2014 Ramel Real Estate Infrastructure Limited ERO Interim 10 August 7, 2014 MBK Business Development (India) Limited ERO Interim 11 August 7, 2014 GreenTouch Projects Limited ERO Interim 12 August 8, 2014 Falkon Industries India Limited ERO Interim 13 August 8, 2014 Ravi Kiran Realty India Limited ERO Interim 14 August 14, 2014 Progress Cultivation Limited ERO Interim 15 August 14, 2014 Multi Purpose Bios India Limited ERO Interim 16 August 22, 2014 Pinnacle Ventures India Limited ERO Interim 17 August 22, 2014 Magnox Infraprojects Limited ERO Interim 18 August 22, 2014 Amrit Projects (N. E.) Limited ERO Interim 19 September 5, 2014 Bharat Krishi Samridhi Industries Limited ERO Interim 20 September 9, 2014 Purusattam Infotech Industries Limited ERO Interim 21 September 9, 2014 Amrit Projects Limited ERO Interim 22 September 9, 2014 Rising Agrotech ERO Interim 23 September 10, 2014 SEBA Real Estate Limited ERO Interim 24 September 12, 2014 Torsa Agro projects Limited ERO Interim 25 September 15, 2014 Weird Industries Limited ERO interim 26 September 24, 2014 Weird Infrastructure Corporation Limited NRO Interim 27 September 29, 2014 Life Care Real Developers Limited NRO Interim 28 October 30, 2014 Vamshi Chemicals Limited NRO Interim 29 November 03, 2014 Life Care Infra Tech Limited NRO Interim 30 November 11, 2014 Real Tulip India Limited WRO Interim 31 November 20, 2014 Newland Agro Industries Limited ERO Interim 32 November 20, 2014 Sun Heaven Agro India Limited ERO Interim 33 November 21, 2014 Angel Rural Development Limited WRO Interim 34 November 21, 2014 Micro Leasing and Funding Limited ERO Interim 35 November 24, 2014 Prism Infracon Limited ERO Interim 36 November 24, 2014 Sun-Plant Business Limited ERO Interim 37 November 28, 2014 Sampriti Projects Limited ERO Interim 38 December 1, 2014 Federal Agro Commercials Limited ERO Interim 39 December 1, 2014 Kolkata Aryan Food Industries Limited ERO Interim 40 December 1, 2014 Waris Agrotech (India) Limited ERO Interim 41 December 1, 2014 Vista Management Services Limited ERO Interim 42 December 2, 2014 Swarnabhumi Developers Limited ERO Interim 43 December 2, 2014 Bharatiya Real Estate Development Limited ERO Interim 44 December 3, 2014 SLB Invest (India) Limited ERO Interim 45 December 3, 2014 Aditya Global Industries Limited ERO Interim 46 December 3, 2014 Orchid Cultivation Projects India Limited ERO Interim 47 December 4, 2014 Mass Infra Reality Limited ERO Interim 48 December 4, 2014 Greenworld Agro Industries Limited ERO Interim 49 December 8, 2014 Alchemist Capital Limited NRO Interim 50 December 15, 2014 Adorable Agrotech Limited ERO Interim 51 December 15, 2014 Mondal Construction Company Limited ERO Interim 52 December 16, 2014 Just-Reliable Projects India Limited ERO Interim 53 December 16, 2014 Option One industries ltd WRO Interim 54 December 29, 2014 Suraksha Agrotech Industries Limited ERO Interim 55 December 29, 2014 Vaibhav Pariwar India Projects Limited ERO Interim 56 January 06, 2015 Silicon Projects India Limited ERO Interim 57 January 7, 2015 Golden Life Agro India Limited ERO Final 58 January 07, 2015 Infinity Realcon Limited ERO Interim 59 January 09, 2015 Dynamic Asset Management Limited ERO Interim 60 January 28,2015 Megasys Medi Life Limited ERO Interim 61 January 29,2015 Vikdas Industries Limited ERO Interim 62 January 29,2015 Chakra Infrastructure Limited ERO Interim 63 January 29,2015 Krutibibha Corporation Limited ERO Interim 64 January 30,2015 Prayas Projects India Limited ERO Interim 65 January 30,2015 Amazan Agro Products Limited ERO Interim 66 February 02,2015 Sarada pleasue and Advantage Limited ERO Interim 67 February 06, 2015 Basil International Limited NRO Final 68 February 06, 2015 Greater Kolkata Infrastructure Limited ERO Final 69 February 11, 2015 Hooghly Agrotech Limited ERO Interim 70 February 11, 2015 Sukhchain Hire Purchase Limited WRO Interim 71 February 11, 2015 Adamant Infrastructures Limited WRO Interim 72 February 12, 2015 ATM Agro Industries India Limited ERO Interim 73 February 12, 2015 ATM Agro Projects India Limited ERO Interim 74 February 12, 2015 Suvidha Land developers India Limited WRO Interim 75 February 20, 2015 GBC Enterprise Limited ERO Interim 76 February 20, 2015 AM Fund Managers Limited ERO Interim 77 February 20, 2015 Rightmax Technotrade International Limited SRO Interim 78 February 20, 2015 Nirmal Infrahome Corporation Limited WRO Interim 79 February 24, 2015 Dreamland Industries Limited ERO Interim 80 February 24, 2015 Tribhuvan Agro Project Limited ERO Interim 81 March 05, 2015 Mega Mould India Limited ERO Final 82 March 05, 2015 Promotech Infratech Limited ERO Final 83 March 11, 2015 Asoka Life Science Limited ERO Interim 84 March 12, 2015 Golden Heaven Agro Project India Limited ERO Interim 85 March 13, 2015 MaxBe Green ProVision Limited ERO Interim 86 March 13, 2015 Jeevan Suraksha Real Estate Limited ERO Interim 87 March 13, 2015 Real Sunshine Corp Limited WRO Interim 88 March 16, 2015 Rista Fisheries and Infrastructure Limited ERO Interim 89 March 17, 2015 Cell Industries Limited ERO Interim 90 March 18,2015 GSHP Realtech Limited ERO Final 91 March 19, 2015 MARS Agrofarm Developers Limited ERO Interim 92 March 19, 2015 Adarsh Wealth Ventures Limited ERO Interim 93 March 19, 2015 Goldmine Food Products Limited ERO Interim 94 March 19, 2015 SCL Steel Corporation Limited WRO Interim 95 March 19, 2015 Astha Techno Realty India Limited ERO Interim 96 March 19, 2015 Infocare Infra Limited ERO Interim 97 March 20, 2015 Hum Projects Limited ERO Interim 98 March 20, 2015 Real Agri Industries and Services Limited ERO Interim 99 March 20, 2015 Real Vision International Limited ERO Interim 100 March 20, 2015 Tresty Securities Limited ERO Interim 101 March 20, 2015 Everlight Realcon Infrastructure Limited ERO Interim 102 March 27, 2015 Rhine and Raavi Credits and Holdings Limited NRO Final 103 March 30, 2015 Equinox Infratech Limited WRO Interim 104 March 30, 2015 Morningstar Ventures Limited ERO Interim 105 March 30, 2015 Fantasy Infraventure and Agrimart India Limited NRO Interim 106 March 31, 2015 Affiance Industries Limited ERO Interim 107 March 31, 2015 I-Nova Solutions Limited ERO Interim 108 April 01, 2015 Polaris Agro Industries Limited ERO Interim 109 April 01, 2015 Sunshine Infrabuild Corporation Limited NRO Interim 110 April 06, 2015 Mangalam Agro Products Limited ERO Final 111 April 17, 2015 Pious Agro Industries Limited ERO Interim 112 April 21, 2015 Angela Agrotech Limited ERO Interim PR No. 116/2015- Mumbai- April 23, 2015