June 03, 2014
PR No. 055/2014

Order in the matter of M/s Mangalam Agro Products Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated May 30, 2014 in the matter of Mangalam Agro Products Limited, directing inter-alia that the company shall not mobilize funds from investors. Further, the company and its directors are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders.
 
Mangalam Institute of Development and Research (through its Settlor viz. Shri Madhusudhan Chatterjee) and Chandani Mohta are prohibited from continuing with their present assignment as debenture trustees in respect of the issue of Secured Non-Convertible Debentures of Mangalam Agro Products Limited 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
 
June 03, 2014

For full copy of order against CHANDANI MOHTA, click here.

For full copy of order against KAMOLESH KUMAR GHOSH, click here.

For full copy of order against MADHUSUDHAN CHATTERJEE, click here.

For full copy of order against MANGALAM AGRO PRODUCTS LTD., click here.

For full copy of order against MANGALAM INSTITUTE OF DEVELOPMENT & RESEARCH, click here.

For full copy of order against TAPAN KUMAR DEY, click here.

For full copy of order against UJJAL SIKDER, click here.