June 01, 2015
PR No. 143/2015

Interim Order cum Show Cause Notice in the matter of Susk India Limited

Shri S Raman, Whole Time Member, SEBI, has passed an interim order cum Show Cause Notice dated May 29, 2015 in the matter of Susk India Ltd. (“the Company”), inter-alia issuing following directions against the company and it directors/ promoters–

• not to collect any fresh moneys from investors from its existing scheme;
• not to launch any new scheme/plan,
• not to float any new companies/firm to raise fresh moneys;
• not to dispose of any of the properties or alienate the assets of the existing scheme;
• not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of the company;
• to immediately submit the full inventory of the assets owned by Susk India out of the amounts collected from the "customers"/investors under its existing schemes;
• to furnish all the information sought by SEBI within 21 days of the receipt of the Order.

The company was prima facie found to be engaged in fund mobilizing activity from the public, by floating/sponsoring/ launching 'collective investment scheme' as defined in Section 11AA of the SEBI Act without obtaining a certificate of registration from SEBI as required under Section 12(1B) of the SEBI Act and the CIS Regulations.

Mumbai
 
June 01, 2015

For full copy of order against ABHAY NARVARIYA, click here.

For full copy of order against AMIT SINGH RATHORE, click here.

For full copy of order against BHAGWATI BAI LODHI, click here.

For full copy of order against DINESH SAINI, click here.

For full copy of order against DURGESH WANKHADE, click here.

For full copy of order against JEEVAN KHARADIYA, click here.

For full copy of order against JITENDRA SINGH BHATI, click here.

For full copy of order against KAILASH SINGH LODHI, click here.

For full copy of order against MAN SINGH LODHI, click here.

For full copy of order against NARENDRA SINGH LODHI, click here.

For full copy of order against RAVI SANKHLA, click here.

For full copy of order against SUNIL TIWARI, click here.

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