| PRESS RELEASE - SEBI |
December
31, 2014
Order in the matter of M/s Karmbhoomi Real Estate Limited and its Directors Shri S Raman, Whole Time Member, SEBI, has passed an order on December 30 2014 in the matter of Karmbhoomi Real Estate Limited and its directors under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 read with Regulation 65 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 and Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003. The Registered Office of the Company is situated at First Floor, Tera Tower, Bhuteshwar Road, Mathura, Uttar Pradesh. The order directed the company and its Directors, Mr. Devendra Pal Singh, Mr. Sardar Singh, Mr. Nirmal Kumar, Mr. Manoj Kumar Sengar, Mr. Mahipal Singh not to collect any fresh money from the investors under its existing scheme or not to launch any new schemes or plans or float any new companies to raise fresh moneys; not to dispose of or alienate any of the properties/assets obtained directly or indirectly through money raised by the company; not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of Karmbhoomi; to furnish all the information/details sought by SEBI within 15 days from the date of receipt of the order. The Company was engaged in fund mobilizing activity from public by floating/sponsoring/ launching Collective Investment Scheme (CIS) as defined in section 11AA of the SEBI Act, 1992.
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For full copy of order against DEVENDRA PAL SINGH, click here. For full copy of order against KARMBHOOMI REAL ESTATE LTD., click here. For full copy of order against MAHIPAL SINGH, click here. For full copy of order against MANOJ KUMAR SENGAR, click here. For full copy of order against NIRMAL KUMAR SINGH, click here. For full copy of order against SARDAR SINGH, click here. |