April
23, 2013
PR No. 045/2013
Order in the matter of M/s. Saradha Realty India Ltd.
Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI has passed an order dated April 23, 2013 directing M/s.
Saradha Realty India Ltd. and its Managing Director, Mr. Sudipta Sen, to wind up its existing collective investment
schemes and refund the money collected by it under the schemes with returns which are due to the investors as per
the terms of offer within a period of three months from the date of this order and submit a winding up and repayment
report to SEBI. Also the company and its Managing Director have been directed not to access the capital market
and have been further restrained and prohibited them from buying, selling or otherwise dealing in the securities
market till all its collective investment schemes are wound up and all the monies mobilised through them are
refunded to the investors.
Mumbai
April 23, 2013
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