PRESS RELEASE - SEBI

June 19, 2015
PR No. 163/2015

Order in the matter of M/s Greenbang Agro Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated June 18, 2015 in the matter of Greenbang Agro 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 Secured Redeemable Debenture, which are kept in bank account(s) and/or in the custody of the company.
 
The Debenture Trustees, viz. Rural Economic Welfare Trust (represented by Smt. Durga Ghosh and Shri Ramendra Nath Mistry), is prohibited from continuing with his present assignment as debenture trustees in respect of the Offer of Non-Convertible Secured Redeemable 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 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 Secured Redeemable Debentures to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956, and provisions of the SEBI (issue and Listing of Debt Securities) Regulations, 2008.

 
Mumbai
 
June 19, 2015

 


For full copy of order against BAIDYANATH MANDAL, click here.

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

For full copy of order against DURGA GHOSH, click here.

For full copy of order against GREENBANG AGRO LTD., click here.

For full copy of order against LIPIKA BHADURI, click here.

For full copy of order against NILIMA PONDA, click here.

For full copy of order against NITISH BARMAN, click here.

For full copy of order against PARITOSH PANDA, click here.

For full copy of order against RAMENDRA NATH MISTRY, click here.

For full copy of order against RURAL ECONOMIC WELFARE TRUST, click here.

For full copy of order against SATYENDRA NATH MONDAL, click here.

For full copy of order against SREEMON GHOSH, click here.

For full copy of order against SUBHRA JYOTI SARDAR, click here.

For full copy of order against TASLIM ARIF KHAN, click here.