January 06, 2015
PR No. 002/2015

Order in the matter of M/s. Vaibhav Pariwar India Projects Limited (MIRL)

Shri S. Raman, Whole Time Member, SEBI has passed an interim order dated December 29, 2014 inter-alia directing that M/s Vaibhav Pariwar India Projects Limited shall not mobilize funds from the investors. Further, the company and its directors shall not dispose off any of the properties of the company and shall not divert any funds raised from the public. They 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.
 
Also, Debenture Trustees viz. Shri Ashok Kumar Banerjee and Smt. Chandrima Sarkar are prohibited from continuing with their present assignment as debenture trustees in respect of the issue of NCDs of the company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this order till further directions.
 
The company was engaged in fund mobilizing activity through issue of NCDs to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

Mumbai
January 06, 2015

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

For full copy of order against BINAY KUMAR LALL, click here.

For full copy of order against CHANDRIMA SARKAR, click here.

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

For full copy of order against MANOJ KUMAR RAI, click here.

For full copy of order against RAJESH KUMAR RAI, click here.

For full copy of order against VAIBHAV PARIWAR INDIA PROJECTS LTD., click here.