PRESS RELEASE - SEBI

November 06, 2013
PR No. 105/2013

Order in the matter of M/s. Samruddha Jeevan Foods India Ltd and its Directors

Shri S Raman, Whole Time Member (WTM), SEBI passed an order on October 31, 2013 in the matter of M/s.Samruddha Jeevan Foods India Ltd. directing the company and its directors viz. Mr. Mahesh Kisan Motewar, Mrs. Vaishali Mahesh Motewar and Mr. Ghanshyam Jashbhai Patel not to collect any more money from investors including under the existing schemes, not to launch any new schemes, not to dispose of any of the properties or alienate any of the assets of the schemes and not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of the company.
 
M/s. Samruddha Jeevan Foods India Ltd was prima facie found to be engaged in fund mobilising activity from public by floating ‘collective investment schemes’ as defined in Section 11AA of the SEBI Act.
 
The company had launched collective investment schemes without obtaining certificate of registration from SEBI, thus contravening the provisions of section 12 (1B) of the SEBI Act and Regulation 3 of the SEBI (Collective Investment Schemes) Regulations, 1999.

 
Mumbai
November 06, 2013

For full copy of order against GHANSHYAM JASHBHAI PATEL, click here.

For full copy of order against MAHESH KISAN MOTEWAR, click here.

For full copy of order against RAJENDRA PANDURANG BHANDARE, click here.

For full copy of order against SAMRUDDHA JEEVAN FOODS INDIA LTD., click here.

For full copy of order against VAISHALI MAHESH MOTEWAR, click here.