December 17, 2014
PR No. 172/2014

Order in the matter of M/s Adorable Agrotech Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated December 15, 2014 in the matter of Adorable Agrotech Limited, inter-alia directing that the company shal  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 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 to more than 49 persons without complying with the relevant provisions.

 
Mumbai
 
December 17, 2014

For full copy of order against ADORABLE AGROTECH LTD., click here.

For full copy of order against BANA BIHARI BISWAS, click here.

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

For full copy of order against BINOD MAJUMDER, click here.

For full copy of order against BISWAJIT BISWAS, click here.

For full copy of order against DHIRAJ KUMAR SHRIVASTAVA, click here.

For full copy of order against DILIP SHAW, click here.

For full copy of order against MOUMITA BISWAS, click here.

For full copy of order against PRASHANTA GHOSH, click here.