August
11, 2014
PR No. 091/2014
Order in the matter of Viswas Real Estates and Infrastructures India Limited
Mr. S. Raman, Whole Time Member, SEBI has passed an interim order on August 08, 2014 directing Viswas
Real Estates and Infrastructures India Limited (VREIL) and its Directors Mr. Vaka Saradhi and Mr.
Eshararao Gundala:
| a) |
not to collect any fresh money from investors under its existing schemes; |
| b) |
not to launch any new schemes or plans or float any new companies to raise fresh moneys; |
| c) |
to immediately submit the full inventory of the assets including land obtained through money raised by
VREIL; |
| d) |
not to dispose of any of the properties or alienate the assets including land obtained directly or indirectly
through the money raised by VREIL; |
| e) |
not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of VREIL; |
| f) |
to furnish all the information/details sought by SEBI within 15 days from the date of receipt of this order,
including, |
|
i |
Details of amount mobilized and refunded till date, |
|
ii |
Scheme wise list of investors and their contact numbers and addresses, |
|
iii |
PAN of the aforementioned Directors and |
|
iv |
Audited Accounts for the last three years. |
The company had launched Collective Investment Schemes without obtaining certificate of registration from SEBI.
Mumbai
August 11, 2014
|
For full copy of order against ESHARARAO GUNDALA, click here.
For full copy of order against VAKA SARADHI, click here.
For full copy of order against VISWAS REAL ESTATES & INFRASTRUCTURES INDIA PVT.LTD., click here.
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