PRESS RELEASE - SEBI

July 23, 2014
PR No. 072/2014


Order in the matter of M/s. Sai Prasad Corporation Ltd. and its directors/promoters

Shri S.Raman, Whole Time Member, SEBI, has passed an order on July 22, 2014 in the matter of M/s. Sai Prasad Corporation Ltd. inter-alia directing the company and its directors, Shri Balasaheb K. Bhapkar, Mrs. Vandana B. Bhapkar and Shri Shahsank B Bhapkar shall:

  1. not to collect any fresh money from investors under its existing schemes,
  2. not to launch any new schemes or plans or floating any new companies to raise fresh money,
  3. not to dispose of any properties or alienate the assets of the existing schemes,
  4. not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of the company.
  5. to furnish all the information / details sought by SEBI within 15 days from the date of receipt of the cited order. The company had launched collective investment schemes without obtaining certificate of registration from SEBI.

Mumbai
 
July 23, 2014


For full copy of order against BALASAHEB K.BHAPKAR, click here.

For full copy of order against SAI PRASAD CORP.LTD., click here.

For full copy of order against SHASHANK B.BHAPKAR, click here.

For full copy of order against VANDANA B.BHAPKAR, click here.