For full copy of order against BETHEL GREEN GROWTH LTD., click here.

For full copy of order against CHOTANAGPUR HERBAL AGRO PVT.LTD., click here.

PRESS RELEASE - SEBI
September 11, 2002
PR No. 179/2002

Press Release

  1. M/s. Bethel Green Growth Ltd., Cuttack (Orissa)

  2. M/s. Chotanagpur Herbal Agro Pvt. Ltd., Rajgangpur (Orissa)

The aforesaid 2 CIS entities neither applied for registration nor took steps for winding up of the scheme(s) to repay the investors in the manner provided under SEBI (Collective Investment Schemes) Regulations, 1999. 

In view of the above, in his Order passed on September 3, 2002, Chairman, SEBI directed these 2 entities to refund the money collected under their Collective Investment Scheme(s) with returns which is due to the investors as per the terms of the offer within a period of one month from the date of the Order failing which the following actions would follow:
  1. Initiation of prosecution under section 24 of SEBI Act, 1992.
  2. The entities and their concerned officials would be debarred from operating in the capital market and from accessing the capital market for a period of 5 years.
  3. Reference would be made to the state governments / local police to register civil /criminal cases against these entities for the offences of fraud, cheating, criminal breach of trust and misappropriation of public funds.
  4. Reference would be made to the Department of Company affairs to initiate the process of winding up of the entities.