November 10, 2014
PR No. 128/2014

Order in the matter of M/s Life Care InfraTech Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated November 03, 2014 in the matter of Life Care Infratech Limited (LCITL), 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 and its directors have further been directed not to dispose off any of the properties or alienate or encumber any of the assets owned/acquired by the Company through the issue of Redeemable Preference shares (RPS) without prior permission from SEBI and not to divert any funds raised from public at large through the issue of RPS, 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 read with the Companies Act, 2013.

 
Mumbai
 
November 10, 2014

For full copy of order against ASHOK KUMAR SINGH, click here.

For full copy of order against BHARDWAJ MUNI TRIPATHI, click here.

For full copy of order against HARENDRA KUMAR UPADHYAY, click here.

For full copy of order against LIFE CARE INFRATECH LTD., click here.

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

For full copy of order against SATYENDRA RAI, click here.

For full copy of order against YOGENDRA PRATAP SHAHI, click here.