May 22, 2015
PR No. 137/2015

Order in the matter of M/s Bishal Abasan India Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated May 06, 2015 in the matter of Bishal Abasan India Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its present and past 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 present 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 Non–Convertible Redeemable Preference Shares and Non–Convertible Debentures, which are kept in bank account(s) and/or in the custody of the company.

The Debenture Trustees, viz. Bishal Abasan Debenture Trust represented by Shri Tapas Das is prohibited from continuing with his present assignment as debenture trustee in respect of the Offer of Non–Convertible Debentures 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 present and past 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 Non–Convertible Redeemable Preference Shares and Non–Convertible Debentures to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956and provisions of the SEBI (issue and Listing of Debt Securities) Regulations, 2008.

Mumbai
 
May 22, 2015

For full copy of order against BENUKAR BANERJEE, click here.

For full copy of order against BISHAL ABASAN DEBENTURE TRUST, click here.

For full copy of order against BISHAL ABASAN INDIA LTD., click here.

For full copy of order against CHANDAN SHAH, click here.

For full copy of order against GAUTAM KUMAR HALDER, click here.

For full copy of order against HIMADRI BAG, click here.

For full copy of order against KUNTAL BHATTACHARJEE, click here.

For full copy of order against MADHAB CHANDRA PURKAIT, click here.

For full copy of order against MOHD.KALIMULLAH BAIDYA, click here.

For full copy of order against RAM KUMAR SINHA, click here.

For full copy of order against RATAN CHOWDHURY, click here.

For full copy of order against SACHIN KUMAR THAKUR, click here.

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

For full copy of order against SHIMA CHOWDHURY, click here.

For full copy of order against SWAPAN KUMAR BOSE, click here.

For full copy of order against TAPAS DAS, click here.

For full copy of order against TUSHAR KANTI NANDI, click here.