June 04, 2014
PR No. 056/2014

Order in the matter of M/s. Greater Kolkata Infrastructure Limited (GKIL)

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 Greater Kolkata Infrastructure Limited, inter-alia directing 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. 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, Shri Bimalendu Rakshit, Shri Sujay Roy Choudhury and Smt. Sherrie Lal Vasdev are prohibited from continuing with their present assignment as debenture trustees in respect of the. issue of Secured Non-Convertible Redeemable 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 the 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 04, 2014

For full copy of order against BIMALENDU RAKSHIT, click here.

For full copy of order against BIMALENDU RAKSHIT, click here.

For full copy of order against GREATER KOLKATA INFRASTRUCTURE LTD., click here.

For full copy of order against NAKHAT SING AGARWALLA, click here.

For full copy of order against SHERRIE LAL VASDEV, click here.

For full copy of order against SUBIR DUTTA, click here.

For full copy of order against SUJAY ROY CHOUDHURY, click here.