June 03, 2015
PR No. 147/2015

Order in the matter of Citrus Check Inns Limited and its Directors

Shri S Raman, Whole Time Member, SEBI, has passed an order on June 03, 2015 in the matter of Citrus Check Inns 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.
 
The Registered Office of the Company is situated at 16-19, Shilpin Center, 1st Floor, 40, G.D. Ambedkar Marg, Wadala, Mumbai - 400031. The order directed Citrus Check Inns Limited and its Directors, Mr. Omprakash Basantlal Goenka, Mr. Prakash Ganpat Utekar, Mr. Venkatraman Natarajan and Mr. Narayan Shivram Kotnis not to collect any fresh money from "customers" /investors under its existing scheme, not to launch any new schemes or plans in this company, not to raise any fresh moneys from any other existing company within the group, not to float any new companies to raise fresh moneys under such schemes, 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, kept in bank account(s) and/or in the custody of the company or group companies or promoters or LLPs or Proprietary concerns or any person directly or indirectly controlled through shareholding or management by the company and 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 unregistered /unauthorized Collective Investment Scheme (CIS) as defined in section 11AAof the SEBI Act, 1992.

Mumbai
 
June 03, 2015

For full copy of order against CITRUS CHECK-INNS LTD., click here.

For full copy of order against NARAYAN SHIVRAM KOTNIS, click here.

For full copy of order against OMPRAKASH BASANTLAL GOENKA, click here.

For full copy of order against PRAKASH GANPAT UTEKAR, click here.

For full copy of order against VENKATRAMAN NATRAJAN, click here.