May 19, 2014
PR No. 044/2014

Order in the matter of M/s Golden Life Agro India Limited

Shri S. Raman, Whole Time Member, SEBI has passed an interim order dated May 15, 2014 under Sections 11, 11(4), 11A and 11B of SEBI Act, 1992, inter-alia directing that M/s Golden Life Agro India Limited shall not mobilize
funds from the investors. Further, the company and its directors shall not dispose off any of the properties of the company and shall not divert any funds raised from the public.
 
Also, Smt. Jyotsna Sadhukhan and Smt. Jharna Sarkar are prohibited from continuing with their present assignment as debenture trustees in respect of the issue of Non–Convertible Redeemable Secured Debentures of the company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this order till further directions.
 
The company was engaged in fund mobilizing activity through issue of Secured Non-Convertible Redeemable Debentures to more than 49 person without complying with the relevant provisions of the Companies Act, 1956 and
provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.
 
  
Mumbai
 
May 19, 2014

For full copy of order against BISWANATH MONDAL, click here.

For full copy of order against CHANDAN DEBNATH, click here.

For full copy of order against GOLDEN LIFE AGRO INDIA LTD., click here.

For full copy of order against JHARNA SARKAR, click here.

For full copy of order against JYOTSNA SADHUKHAN, click here.

For full copy of order against NIRJAL PAL, click here.

For full copy of order against SUBHASH SARKAR, click here.

For full copy of order against SWAPAN SADHUKHAN, click here.

For full copy of order against TIPU SULTAN, click here.

For full copy of order against UTTAM CHAKRABORTY, click here.