PRESS RELEASE - SEBI

September 15, 2014
PR No. 110/2014

Order in the matter of M/s. SEBA Real Estate Limited

Shri S. Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated September 10, 2014 under sections 11, 11(4), 11A and 11B of SEBI Act, 1992 in the matter of M/s. SEBA Real Estate 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 Offer of 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 Preference Shares to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956.

 
Mumbai

September 15, 2014

For full copy of order against ASHIS DHAR, click here.

For full copy of order against KANAK RANJAN NATH, click here.

For full copy of order against MRINAL CHANDRA NANDI, click here.

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

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

For full copy of order against SATYENDRA KUMAR DEY, click here.

For full copy of order against SEBA REAL ESTATE LTD., click here.

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

For full copy of order against SIDDHARTHA NAG, click here.

For full copy of order against SUBHASH CHANDRA SAHA, click here.

For full copy of order against SUJIT KUMAR ROY, click here.