November 10, 2014
PR No. 127/2014

Order in the matter of M/s GN Diaries Limited and its directors

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an order on October 31, 2014 under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 read with regulations 65 and 73 of Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 in the matter of M/s G N Diaries Limited and its directors. The order directed the company, and its directors viz., Mr.Sunil Dutt, Mr.Hardeep Singh Wahla and Mr.Ranjodh Singh to wind up its scheme and refund the money collected by it under the scheme with returns within a period of three months from the date of this order and submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, and further restrained and prohibited the Company and Directors from buying, selling or otherwise dealing in the securities market till all collective investment schemes launched by G N Dairies Ltd. are wound up and all the monies mobilised through it are refunded to the investors. Further, Ms. Sukhjit Kaur, Mr. Soly Thomas and Mr. Satnam Singh Randhawa are directed to not to access the securities market and are further restrained and prohibited from buying, selling or otherwise dealing in the securities market for a period of one year.
 
G. N. Dairies Ltd. was running a scheme/arrangement of cattle/ calf / ghee and mobilizing funds from investors /public under its schemes without being registered with SEBI and as a result of the aforesaid activity has violated 
provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999.

 
Mumbai
 
November 10, 2014

For full copy of order against GN DAIRIES LTD., click here.

For full copy of order against HARDEEP SINGH WAHLA, click here.

For full copy of order against RANJODH SINGH, click here.

For full copy of order against SATNAM SINGH RANDHAWA, click here.

For full copy of order against SOLY THOMAS, click here.

For full copy of order against SUKHJIT KAUR, click here.

For full copy of order against SUNIL DUTT, click here.