July 21, 2014
PR No. 069/2014

Order in the matter of M/s. Sunplant Forgings Limited

Shri S. Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated July 16, 2014 in the matter of Sunplant Forgings 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.
 
The company was engaged in fund mobilizing activity through issue of Redeemable Preference Shares to more than 49 person without complying with the relevant provisions of the Companies Act, 1956.

Mumbai
 
July 21, 2014

For full copy of order against ABHINANDAN KUMAR SINGH, click here.

For full copy of order against ARUP KUMAR DE, click here.

For full copy of order against NEERAJ PATHAK, click here.

For full copy of order against SUMANTA SINHA, click here.

For full copy of order against SUNPLANT FORGINGS LTD., click here.