August 21, 2015
PR No. 214/2015

Order in the matter of M/s Aryan Agro Projects India Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated August 12, 2015 in the matter of Aryan Agro Projects India Limited (AAPIL), inter-alia directing that the company shall not mobilize funds from investors. Further, the company, and its past and present 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 of 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 Secured Non–Convertible Redeemable Debentures (NCDs), which are kept in bank account(s) and/or in the custody of the company.
 
The company and its past and present 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.
 
Also, Debenture Trustee, viz. Rising Star Life Care Solutions Private Limited, is prohibited from continuing with its assignment as debenture trustee in respect of the Offer of NCDs of AAPIL 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 was engaged in fund mobilizing activity through issue of Secured Non–Convertible Redeemable Debentures (NCDs) to more than 49 persons without complying with the SEBI (ILDS) Regulations, 2008 and relevant provisions of the Companies Act, 1956.

 
Mumbai
 
August 21, 2015

For full copy of order against ABADH KUMAR SINGH, click here.

For full copy of order against ANIL KUMAR MISHRA, click here.

For full copy of order against ARYAN AGRO PROJECTS INDIA LTD., click here.

For full copy of order against BIRENDRA THAKUR, click here.

For full copy of order against MANOJ CHOUHAN, click here.

For full copy of order against RAKESH RAUSHAN, click here.

For full copy of order against RISING STAR LIFE CARE SOLUTIONS PVT.LTD., click here.

For full copy of order against ROBIN OJHA, click here.

For full copy of order against SHAILESH KUMAR MISHRA, click here.

For full copy of order against SHEONATH SAHNI, click here.

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

For full copy of order against VIKASH JHA, click here.