SEBI cautions investor – Issues list of 51 Companies

Securities and Exchange Board of India Press Release No. 165/2014 Dated -December 11, 2014, Mumbai Caution to Investors It has come to the notice of Securities and Exchange Board of India (SEBI) that certain companies / entities unauthorisedly, without obtaining registration and illegally are collecting / mobilising money from the general investors by making false promises, assuring high return, etc. Investors are advised to be careful if the returns offered by the person/ entity is very much higher than the return offered by the regulated entities like banks, deposits accepted by Companies, registered NBFCs, mutual funds etc. Wherever SEBI has found such schemes to be in the nature of Collective Investment Schemes (CIS) appropriate action has been taken against the entity/ies and its Directors. In this regard, since January 01, 2011, SEBI has passed orders against 51 entities and its Directors carrying on unregistered CIS. As part of interim directions SEBI directs the entities and its Directors to stop collecting further money under existing / new schemes, not to launch any new scheme or float any new companies/firm to raise fresh moneys, not to divert or alienate any assets or money collected etc., and through final directions SEBI debars the company and its Directors from accessing the Capital markets, etc. List of the Companies against whom order has been passed by SEBI is given below with this press release. The orders are also available on SEBI website at www.sebi.gov.in. However, it has been observed that certain entities collect / mobilize money under existing / new schemes even after SEBI has directed the entity not to collect any further money, not to launch any new schemes etc, which is unauthorised and illegal. Investors and general public are hereby cautioned that other than “GIFT Collective Investment Management Company Limited ” no other entity is registered with SEBI under the CIS Regulations. If any of the following entities are found to be collecting / mobilising money, investors are advised not to subscribe to such schemes and to report the same to SEBI, State authorities including Police authorities immediately, along with appropriate details / documents. S.N. Case Name Date of SEBI Order 1 Sun-plant Agro Limited 03-05-2011 2 NGHI Developers India Limited 06-11-2012 3 MPS Greenery Developers Limited 06-12-2012 4 Nicer Green Forest Limited 12-03-2013 5 Maitreya Services Private Limited 25-03-2013 6 Osian’s Connoissurers of Art Limited 15-04-2013 7 Saradha Realty India Limited 23-04-2013 8 Ken Infratech Limited 18-06-2013 9 Alchemist Infra Realty Limited 21-06-2013 10 Sumangal Industries Limited 09-07-2013 11 HBN Dairies and Allied Limited 12-07-2013 12 Sai Prasad Foods Limited 17-07-2013 13 Sai Prasad Properties Limited 17-07-2013 14 Maitreya Plotters and Structures Private Limited 30-08-2013 15 MVL Limited 26-09-2013 16 Samruddha Jeevan Foods India Limited 31-10-2013 17 Servehit Housing and Infrastructure India Limited 31-10-2013 18 Orient Resorts (India) Private Limited 26-11-2013 19 Kim Infrastructure and Developers Limited 05-12-2013 20 Green Ray International Limited 03-02-2014 21 Royal Twinkle Star Club Limited 07-03-2014 22 Ecogreen Realestate (India) Limited 26-03-2014 23 Peers Allied Corportaion Limited 23-04-2014 24 Green Buds Agro Farm I Limited 16-05-2014 25 KBCL India Limited 26-05-2014 26 Adel Landmarks Limited (Era Landmarks Limited 05-06-2014 27 JSR Dairies Limited 05-06-2014 28 Nikhara Bharath Construction Company Limited 12-06-2014 29 Haldhar Realty and Enterprises Limited 17-06-2014 30 Rose Valley Real Estate and Constructions Limited 18-06-2014 31 Beetal Livestocks and Farms (Private Limited 25-06-2014 32 Ramel Industries Limited 11-07-2014 33 Remac Realty India Limited 15-07-2014 34 Sunshine Agro Global Limited (Sunshine Forestry Private Limited 15-07-2014 35 Ally Multi-Trade India Private Limited 22-07-2014 36 Sai Prasad Corporation Limited 22-07-2014 37 Nicer Green Housing and Infrastructure Developers Limited 28-07-2014 38 Dhanolty Developers Limited 30-07-2014 39 JSV Developers India Limited 31-07-2014 40 HNC Infrastructures and Shares India Limited 05-08-2014 41 Shubham Kroti Foods Private Limited 08-08-2014 42 Viswas Real Estates and Infrastructure India Limited 08-08-2014 43 IHI Developers India Limited 11-08-2014 44 PACL 22-08-2014 45 Step Up Marketing Private Limited 22-08-2014 46 SPNJ Land Projects and Developers India Limited 17-09-2014 47 G N Dairies Limited 31-10-2014 48 Sheen Agro and Plantation Limited 14-11-2014 49 Garima Real Estate and Allied Limited 24-11-2014 50 Raghav Capital and Infrastructure Limited 24-11-2014 51 Shree Sai Space Creation Limited 24-11-2014 Investors are also advised that SEBI does not regulate any scheme or arrangement made or offered by Cooperative Society, Deposits accepted by Non-Banking Financial Companies (NBFCs), Deposits accepted under 58A of Companies Act, Chit Fund Business, Contract of Insurance, Pension Scheme or Insurance Scheme, Nidhi or mutual benefit society and any other activities which are regulated by any other Authority or banned under any existing law viz., Multi Level Marketing, Pyramid schemes, etc. Accordingly, investors are cautioned not to invest in any company which is not registered and regulated and bring such schemes to the notice of various authorities i.e SEBI, Reserve Bank of India (RBI), Central Bureau of Investigation (CBI), Ministry of Corporate Affairs (MCA), Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Authority (IRDA) and State / Police Authorities, etc. Click here to Checkout the SEBI list of shell companies