August 01, 2014
PR No. 078/2014
Order in the matter of M/s. Pancard Clubs Limited. and its Directors
Shri S Raman, Whole Time Member (WTM), SEBI passed an order on July 31, 2014 in the matter of M/s. Pancard
Clubs Ltd inter-alia directing the company and its directors, Mr. Sudhir Shankar Moravekar, Mrs. Shobha Ratnakar
Barde, Mrs. Usha Arun Tari, Mr. Manish Kalidas Gandhi, Mr. Chandrasen Ganpatrao Bhise and Mr. Ramachandran
Ramakrishnan shall:
| a) |
not to collect any fresh money from investors under its existing scheme; |
| b) |
not to launch any new schemes or plans or float any new companies to raise fresh moneys; |
| c) |
to immediately submit the full inventory of the assets obtained through money raised by PCL; |
| d) |
not to dispose of or alienate any of the properties/assets obtained directly or indirectly through money raised by PCL; |
| e) |
not to divert any funds raised from public at large, kept in bank account(s) and/or in the custody of PCL or group companies or promoters or LLPs or Proprietary concerns or any person directly or indirectly controlled through shareholding or management by PCL ; |
| f) |
to furnish all the information/details sought by SEBI within 15 days from the date of receipt of this order, including, |
|
i |
Details of amount mobilized and refunded till date, |
|
ii |
Scheme wise list of investors, investment amount and addresses with contact numbers, if any. |
|
iii |
Details of agents along with address, money mobilized and commission paid |
The company had launched collective investment schemes without obtaining certificate of registration from SEBI.
Mumbai
August 01, 2014
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For full copy of order against CHANDRASEN GANPATRAO BHISE, click here.
For full copy of order against MANISH KALIDAS GANDHI, click here.
For full copy of order against PANCARD CLUBS LTD., click here.
For full copy of order against PANORAMIC UNIVERSAL LTD., click here.
For full copy of order against RAMACHANDRAN RAMAKRISHNAN, click here.
For full copy of order against SHOBHA RATNAKAR BARDE, click here.
For full copy of order against USHA ARUN TARI, click here.
For full copy of order against VIIDYAA S.MORAVEKAR, click here.
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