August 08, 2014
PR No. 084/2014

Order in the matter of M/s MBK Business Development (India) Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated August 07, 2014 in the matter of MBK Business Development (India) Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its directors (Shri Prafulla Kumar Kundu, Shri Saikat Roy and Shri Anshuman Ghosh) 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 of SEBI and not to divert any funds raised from public at large through the issuance of the Secured redeemable debentures which are kept in bank account(s) and/or in the custody of the company
 
Trustees of Secured Debentures Trust of MBK Business Development India Limited (represented by its Trustees, viz. Shri Ram Sundar Bhattacharya and Smt. Pratima Roy) is prohibited from continuing with its present assignment as a debenture trustee in respect of the Offer of Secured redeemable 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 Secured Redeemable 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 ANSHUMAN GHOSH, click here.

For full copy of order against MBK BUSINESS DEVELOPMENT (INDIA) LTD., click here.

For full copy of order against PRAFULLA KUMAR KUNDU, click here.

For full copy of order against PRATIMA ROY, click here.

For full copy of order against RAM SUNDAR BHATTACHARYA, click here.

For full copy of order against SAIKAT ROY, click here.