PRESS RELEASE - SEBI

December 17, 2014
PR No. 169/2014

Order in the matter of M/s Skylark Land Developers and Infrastructure India Limited and its directors

Mr. S. Raman, Whole Time Member, SEBI has passed an order on December 15, 2014 in the matter of M/s Skylark Land Developers and Infrastructure India Limited having its registered office at Ganga Complex, Mall Road, Morar, Gwalior,Madhya Pradesh. The order inter-alia directed the company and its directors viz. Mr. Dilip Kumar Jain, Mr. Ram ShakarYadav, Mr. Durga Prasad Yadav, Mr. Jaihind Kumar, Mr. Anand Kumar Gupta,

  1. not to collect any fresh money from investors from its existing scheme;
  2. not to launch any new scheme/plan or float any new companies to raise fresh moneys;
  3. not to dispose of any of the properties or alienate the assets of the existing scheme;
  4. not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of the company;
  5. to immediately submit the full inventory of the assets owned by Skylark Developers out of the amounts collected from the "customers"/investors under its existing schemes;
  6. to furnish all the information sought by SEBI (vide letter dated November 22, 2012), within 15 days of the receipt of this Order including
    1. scheme wise list of investors and their contact numbers and addresses,
    2. the details of amount mobilized and refunded till date,
    3. Sample copies of all the documents pertaining to scheme including the documents/ agreements/contracts executed with the "customers"/ investors.

The company had launched Collective Investment Schemes without obtaining certificate of registration from SEBI.

 
Mumbai
 
December 17, 2014

For full copy of order against ANAND KUMAR GUPTA, click here.

For full copy of order against DILIP KUMAR JAIN, click here.

For full copy of order against DURGA PRASAD YADAV, click here.

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

For full copy of order against RAM SHANKAR YADAV, click here.

For full copy of order against SANTOSH KUMAR PANDEY, click here.

For full copy of order against SKYLARK LAND DEVELOPERS & INFRASTRUCTURE INDIA LTD., click here.