PRESS RELEASE - SEBI

August 20, 2014
PR No. 097/2014


Order in the matter of M/s Falkon Industries India Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated August 08, 2014 in the matter of Falkon Industries Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its directors 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 and its directors are also 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, 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 redeemable preference shares which are kept in bank account(s) and/or in the custody of the company
 
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
August 20, 2014

For full copy of order against AFZAL MIAH, click here.

For full copy of order against BISWAJIT BHATTACHARYA, click here.

For full copy of order against BUDHAN CHANDRA KUNDU, click here.

For full copy of order against DILWAR HOSSAIN, click here.

For full copy of order against FALKON INDUSTRIES INDIA LTD., click here.

For full copy of order against INDRAJ SINGH JAT, click here.

For full copy of order against LAXMANBHAI SITARAMBHAI BHOYA, click here.

For full copy of order against MANGULBHAI CHILYABHAI, click here.

For full copy of order against MANIRUL ISLAM, click here.

For full copy of order against TASLIM ANSARY, click here.