September 29, 2014
PR No. 118/2014

Order in the matter of M/s Weird Infrastructure Corporation limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated September 24, 2014 under sections 11, 11(4), 11A and 11B of SEBI Act, 1992 in the matter of Weird Infrastructure Corporation Limited , inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its directors are 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. The company and its directors are also restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.
 
The Company, its directors have further been directed not to dispose off any of the properties or alienate or encumber any of the assets of the Company without prior permission of SEBI and not to divert any funds raised from public at large through the offer of NCDs, which are kept in bank account(s) and/or in the custody of the company.
 
The Debenture Trustee, viz. Shri Harish Chandra, is prohibited from continuing with its present assignment as a debenture trustee in respect of the Offer of NCDs of WICL and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this order till further directions.
 
The company was engaged in fund mobilizing activity through issue of Non-Convertible Redeemable Debentures to more than 49 person without complying with the relevant provisions of the Companies Act, 1956 and SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

 
Mumbai

September 29, 2014

For full copy of order against AMRENDRA PRASAD SINGH, click here.

For full copy of order against AVIJIT CHATTERJEE, click here.

For full copy of order against BHABAGRAHI BEHERA, click here.

For full copy of order against BIMAL KUMAR JHA, click here.

For full copy of order against CHAND MOHAN GHOSH, click here.

For full copy of order against GOPAL DALAPATI, click here.

For full copy of order against HARISH CHANDRA, click here.

For full copy of order against JADUNATH JENA, click here.

For full copy of order against RAKESH KUMAR, click here.

For full copy of order against SACHIN KUMAR THAKUR, click here.

For full copy of order against SANATAN BANERJEE, click here.

For full copy of order against SANJAY KUMAR DAS, click here.

For full copy of order against SEKH RANJAN ALI, click here.

For full copy of order against SOMNATH SANTRA, click here.

For full copy of order against WEIRD INFRASTRUCTURES CORP.LTD., click here.