December 09, 2014
PR No. 159/2014

Order in the matter of Alchemist Capital Limited

Shri S Raman, Whole Time Member, SEBI, has passed an interim order dated December 8, 2014 in the matter of Alchemist Capital Limited, inter-alia directing that the company shall not mobilize any fresh funds from investors in any manner. 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 shall provide a full inventory of their assets and properties to the SEBI.
 
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 of the Company without prior permission of SEBI and not to divert any funds raised from public at large through the offer of 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 without complying with the relevant provisions of the Companies Act, 1956, read with Section 465 of the Companies Act, 2013; the SEBI DIP guidelines read with SEBI ICDR Regulations, 2009.

 
Mumbai
 
December 09, 2014

For full copy of order against ALCHEMIST CAPITAL LTD., click here.

For full copy of order against BRIJ MOHAN MAHAJAN, click here.

For full copy of order against HARIHARAN VEERARAGHAVAN, click here.

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

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

For full copy of order against KANWAR DEEP SINGH, click here.

For full copy of order against MANSOOR AHMED, click here.

For full copy of order against RAM PYARA CHHABRA, click here.

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

For full copy of order against SANDEEP SETHI, click here.

For full copy of order against SUBRAMANIAN AYYAPPAKUTTY NAMBI, click here.

For full copy of order against SUNIL KANTI KAR, click here.

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