August 08, 2014
PR No. 083/2014

Order in the matter of M/s Ramel Real Estate and Infrastructure Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated August 06, 2014 in the matter of Ramel Real Estate and Infrastrcuture Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its directors (Shri Remendra Mohan Sarkar, Shri Rameswar Podder, Shri Sukanta Deb and Shri Partha Das) 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, its directors have further been directed not to dispose off any of the properties or alienate or encumber any of the assets of the Company without prior permission from SEBI and not to divert any funds raised
from public at large through the Offer of Non-Convertible Debentures, which are kept in bank account(s) and/or in the custody of the company.
 
Ramel Real Estate and Infrastructure Debenture Trust (represented by its Trustee, viz. Mr. Sanjoy Deb) is prohibited from continuing with his present assignment as a debenture trustee in respect of the Offer of Non- Convertible 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 this order till further directions. The company and its above mentioned 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.
 
The company was engaged in fund mobilizing activity through issue of Non-Convertible 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
August 08, 2014

For full copy of order against PARTHA DAS, click here.

For full copy of order against RAMEL REAL ESTATE & INFRASTRUCTURE DEBENTURE TRUST, click here.

For full copy of order against RAMEL REAL ESTATE & INFRASTRUCTURE LTD., click here.

For full copy of order against RAMENDRA MOHAN SARKAR, click here.

For full copy of order against RAMESWAR PODDER, click here.

For full copy of order against SANJOY DEB, click here.

For full copy of order against SUKANTA DEB, click here.