July
24, 2014
PR No. 074/2014
Order in the matter of M/s. Seashore Securities Limited
Shri Prashant Saran, Whole Time Member, SEBI has passed an ad interim order dated July 23, 2014 issuing the
following directions :-
The company namely Seashore Securities Limited and its promoters and directors including Mr. Prashanta Kumar
Dash, Mr. Pravat Kumar Dash, Ms. Jyotirani Sarangi, Mr. Surath Das, Ms. Shantiprava Dash, Mr. Manoj Kumar
Nath, Ms. Prativa Dash, Mr. Sudhanshu Shekhar Pati, Ms. Sapna Jena and Mr. Gopal Chandra Sahu are:
| a) |
restrained from mobilizing funds through the issue of redeemable preference shares or through the issuance of
equity shares or any other securities, to the public and/ or invite subscription, in any manner
whatsoever, either directly or indirectly till further directions. |
| b) |
prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the
public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders. |
| c) |
shall not dispose any of the properties of the said company or alienate the assets acquired/created through the
funds raised from public by issuance of the impugned redeemable preference shares. |
| d) |
shall not divert any funds raised from public at large through the issuance of the impugned cumulative
redeemable preference shares, kept in its bank accounts and/or in the custody of the company without prior
permission of SEBI until further orders. |
| e) |
restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in
securities and being associated with the securities market in any manner whatsoever, directly or
indirectly through any person/ entity till further direction. |
| f) |
the company namely Seashore Securities Limited and its promoters and directors shall co-operate with SEBI in
the investigation and shall furnish documents, that are in their possession, which may be required by SEBI in
the course of its investigation. |
Mumbai
July 24, 2014
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For full copy of order against GOPAL CHANDRA SAHU, click here.
For full copy of order against JYOTIRANI SARANGI, click here.
For full copy of order against MANOJ KUMAR NATH, click here.
For full copy of order against PRASHANTA KUMAR DASH, click here.
For full copy of order against PRATIVA DASH, click here.
For full copy of order against PRAVAT KUMAR DASH, click here.
For full copy of order against SAPNA JENA, click here.
For full copy of order against SEASHORE SECURITIES LTD., click here.
For full copy of order against SHANTIPRAVA DASH, click here.
For full copy of order against SUDHANSHU SHEKHAR PATI, click here.
For full copy of order against SURATH DAS, click here.
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