July
28, 2014
PR No. 076/2014
Order in the matter of M/s Sunplant Constructions Limited
Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated
July 24, 2014 in the matter of Sunplant Constructions Limited (SCL) and issued following directions:-
| i) |
SCL shall not mobilize funds from investors through the issue of RPS or through the issue of equity shares or any
other securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly, till
further orders; |
| ii) |
SCL and its Directors, viz. Shri Awdhesh Kumar Singh, Shri Satish Kumar Singh and Shri Rituraj Pradhan, 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; |
| iii) |
SCL and its abovementioned Directors, are restrained from accessing the securities market and further
prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further
directions. |
| iv) |
SCL shall provide a full inventory of all its assets and properties; |
| v) |
SCL and its abovementioned Directors shall not dispose of any of the properties or alienate or encumber any of
the assets owned/acquired by that company through the issue of RPS, without prior permission from SEBI; |
| vi) |
SCL and its abovementioned Directors shall not divert any funds raised from public at large through the issue of
RPS, which are kept in bank account(s) and/or in the custody of SCL. |
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 28, 2014
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For full copy of order against AWDHESH KUMAR SINGH, click here.
For full copy of order against RITURAJ PRADHAN, click here.
For full copy of order against SATISH KUMAR SINGH, click here.
For full copy of order against SUNPLANT CONSTRUCTIONS LTD., click here.
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