September
18, 2014
PR No. 112/2014
Order in the matter of M/s Maitreya Plotters and Structures Private Limited
Shri Prashant Saran, Whole Time Member, SEBI, has passed an order on September 12, 2014 in the matter of M/s
Maitreya Plotters and Structures Private Limited (MPSPL). The order confirms the directions issued vide the SEBI
interim order dated August 30, 2013 against Maitreya Plotters and Structures Private Limited and its directors, Mrs.
Varsha Madhusudan Satpalkar and Mr. Janardan Arvind Parulekar, till the SEBI examination into the business
affairs of the Company is concluded. The order also directed MPSPL and its said directors to co-operate with SEBI
in the examination and furnish all documents and records as sought for by SEBI.
MPSPL was prima facie found to be engaged in fund mobilising activity from public by floating ‘collective
investment schemes’ as defined in Section 11AA of the SEBI Act without obtaining certificate of registration from
SEBI. Accordingly, SEBI had passed an ex-parte interim order against the MPSPL and its directors Mrs. Varsha
Madhusudan Satpalkar and Mr. Janardan Arvind Parulekar on August 30, 2013.
Mumbai
September 18, 2014
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