PRESS RELEASE - SEBI

December 17, 2015
PR No. 294/2015

Order in the matter of M/s. Moonlight Associates Limited

Shri Prashant Saran, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated December 15, 2015 in the matter of Moonlight Associates Limited whereby he has issued the following directions:

  1. The Company namely Moonlight Associates Limited and its promoters/ directors (present and past) including Mr. Nityananda Nath, Mr. Abu Sadeque Ishtiaque Ahmed Choudhury, Ms. Ferdousi Begum Choudhury, Mr. Samsul Islam, Mr. Nizam Uddin Ahmed, Mr. Kanai Lal Nath, Mr. Abdul Jalil Choudhury and Mr. Md. Abdul Muktadir are restrained from mobilizing funds through the issue of equity shares or through any other form of securities, to the public and/ or invite subscription, in any manner whatsoever, either directly or indirectly till further directions.
     
  2. Moonlight Associates Limited and its promoters/ directors including the above named persons 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.
     
  3. Moonlight Associates Limited and its promoters/ directors including the above named persons shall not dispose off any of the properties or alienate the assets of the Company or dispose off any of their properties or alienate their assets.
     
  4. Moonlight Associates Limited and its promoters/ directors including the above named persons shall not divert any funds raised from public at large through the issuance of the impugned equity shares, kept in its bank accounts and/ or in the custody of the Company without prior permission of SEBI until further orders.
     
  5. Moonlight Associates Limited and its promoters/ directors including the above named persons are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly, till further directions.
     
  6. Moonlight Associates Limited and its promoters/ directors including the above named persons shall cooperate with SEBI and shall furnish all the documents that they have been or shall be required to furnish.
     
  7. Moonlight Associates Limited and its promoters/ directors including the above named persons are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form. 

The company was engaged in fund mobilizing activity through issue of equity shares to more than 49 persons without complying with the provisions of the Companies Act, 1956 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Mumbai
 
December 17, 2015

 

For full copy of order against ABDUL JALIL CHOUDHURY, click here.

For full copy of order against ABU SADEQUE ISHTIAQUE AHMED CHOUDHURY, click here.

For full copy of order against FERDOUSI BEGUM CHOUDHURY, click here.

For full copy of order against KANAI LAL NATH, click here.

For full copy of order against MD.ABDUL MUKTADIR, click here.

For full copy of order against MOONLIGHT ASSOCIATES LTD., click here.

For full copy of order against NITYANANDA NATH, click here.

For full copy of order against NIZAM UDDIN AHMED, click here.

For full copy of order against SAMSUL ISLAM, click here.