April 01, 2015
PR No. 097/2015

Interim Order in the matter of Parivar Dairies and Allied Limited and PDA Foundation

Shri S. Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has prima-facie found that Parivar Dairies and Allied Limited ("the company") having its registered office at 302, Ganesh Plaza, Gola Ka Mandir, Gwalior, Madhya Pradesh and PDA Foundation ("the trust") having its office at G-4/25-26, Sector 16, Rohini, Delhi-110085 have been illegally raising money from public and accordingly passed an interim order dated March 30,2015 against the company and its promoter/directors, Shri Basant Lal Sharma, Shri Ahibaran Singh, Shri Chandra Bhan Yadav and Pradeep Kumar Sharma and the trust and its trustees, Shri Neeraj Singh and Shri Bhanu Pratap Singh under sections 11(1), 11(4) and 11B of SEBI Act, 1992 read with Regulation 65 of SEBI (Collective Investment Scheme) Regulations, 1999 and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003.
 
The order directs the company and its directors/promoters and the trust and its trustees, not to collect any fresh moneys from investors under its existing scheme; not to launch any new scheme or plans or float any new companies to raise fresh moneys; to immediately submit the full investor of the assets including land obtained through money raised; not to dispose of or alienate any of the properties/assets obtained directly or indirectly through money raised; not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of the company and the trust. The order inter-alia directed the company and its promoters/directors to furnish all the information/details as sought by SEBI within 15 days from the date of receipt of this order including, details of amount mobilized and refunded till date, scheme-wise list of investors and their contact numbers and addresses, details of commission paid on amounts mobilized, details of agents along with their addresses, audited accounts for the last financial year and PAN of directors and trustees.

Mumbai
 
April 01, 2015

For full copy of order against AHIBARAN SINGH, click here.

For full copy of order against BASANT LAL SHARMA, click here.

For full copy of order against BHANU PRATAP SINGH, click here.

For full copy of order against CHANDRA BHAN YADAV, click here.

For full copy of order against NEERAJ SINGH, click here.

For full copy of order against PARIVAR DAIRIES & ALLIED LTD., click here.

For full copy of order against PDA FOUNDATION, click here.

For full copy of order against PRADEEP KUMAR SHARMA, click here.