February 14, 2014
PR No. 013/2014

Order in the matter of M/s. Green Ray International Limited (GRIL)

Shri Prashant Saran, Whole Time Member, SEBI has passed an order dated February 03, 2014 inter-alia directing M/s. Green Ray International Limited and its directors/promoters to wind up the existing collective investment schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of the order and submit a winding up and repayment report to SEBI. The company is found to have raised Rs. 45.50 crore (as on 31.03.2011) through illegal collection by running CIS without obtaining a certificate of registration from SEBI. 
 
The general public is, therefore, advised to exercise caution while making any investments in the schemes of the said company. Such investments, if made, would be at the investor's own risk and responsibility.
 

Mumbai
 
February 14, 2014

For full copy of order against AYUB SAHA, click here.

For full copy of order against GREEN RAY INTERNATIONAL LTD., click here.

For full copy of order against KHALIK SAHA, click here.

For full copy of order against MIR SHAHIRUDDIN, click here.

For full copy of order against MIR TAHIRUDDIN, click here.