November 26, 2014
PR No. 137/2014

Order in the matter of M/s Raghav Capital & Infrastructure Limited and its directors

Shri S Raman, Whole Time Member, SEBI, has passed an order on November 24, 2014 under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 read with Regulation 65 of Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 in the matter of M/s Raghav Capital & Infrastructure Limited and its directors. The order directed the company, and its directors viz., Mr.Raj Kumar Raghav, Ms. Nirmala Raghav and Ms. Ritu Verma inter-alia not to collect any fresh money from investors from its existing schemes and not to launch any new schemes or plans or float any new companies to raise fresh moneys. They are also directed to immediately submit the full and detailed inventory of the assets including land owned by RCIL through money raised by RCIL and to furnish the scheme-wise list of "applicants"/investors, their contact numbers and addresses along with the details of amount mobilized till date. The Company and its directors have further been directed not to dispose of any of the properties or alienate properties/assets obtained directly or indirectly through money raised by RCIL and not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of RCIL.
 
Raghav Capital and Infrastructure Ltd. was mobilizing funds from investors / public under its schemes for availing the Land/plots, without being registered with SEBI and as a result of the aforesaid activity, has violated provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999.

 
Mumbai
 
November 26, 2014

For full copy of order against NIRMALA RAGHAV, click here.

For full copy of order against RAGHAV CAPITAL & INFRASTRUCTURE LTD., click here.

For full copy of order against RAJ KUMAR RAGHAV, click here.

For full copy of order against RITU VERMA, click here.