March 24, 2015
PR No. 078/2015

Order in the matter of M/s Asoka Life Science Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated March 11, 2015 in the matter of Asoka Life Science 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 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 from SEBI and not to divert any funds raised 
from public at large through the Offer of Redeemable Preference Shares and Secured Redeemable Non Convertible Debenture, which are kept in bank account(s) and/or in the custody of the company.
 
The Debenture Trustees, viz. Shri Dilip Mukherjee and Shri Soumen Chatterjee are prohibited from continuing with his present assignment as debenture trustees in respect of the Offer of Secured Redeemable Non Convertible
Debenture of the company 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 and its Directors, are 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 was engaged in fund mobilizing activity through issue of Redeemable Preference Shares and Secured Redeemable Non convertible Debentures to more than 49 persons without complying with the relevant
provisions of the Companies Act, 1956, the DIP guidelines read with ICDR Regulations, 2009 and provisions of the SEBI (issue and Listing of Debt Securities) Regulations, 2008.

Mumbai
 
March 24, 2015

For full copy of order against ANTARA MUKHERJEE, click here.

For full copy of order against ASOKA LIFE SCIENCE LTD., click here.

For full copy of order against DILIP MUKHERJEE, click here.

For full copy of order against PRAKASH CHANDRA PANDA, click here.

For full copy of order against PRIYANKA ROY, click here.

For full copy of order against SIMANTA ROY, click here.

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

For full copy of order against SOURAV ROY, click here.