January 13, 2015
PR No. 006/2015

Order in the matter of M/s Infinity Realcon Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated January 07, 2015 in the matter of Infinity Realcon Limited, 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 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 from SEBI and not to divert any funds raised from public at large through the Offer of Redeemable Preference Shares and Non Convertible Redeemable Debenture, which are kept in bank account(s) and/or in the custody of the company.
 
The Debenture Trustees, viz. Infinity Realcon Debenture Trust, represented by Shri Chinmoy Guha Thakurtha is prohibited from continuing with his present assignment as debenture trustees in respect of the Offer of Non Convertible Redeemable Debenture 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 and its Directors, are 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 was engaged in fund mobilizing activity through issue of Redeemable Preference Shares and Non convertible Redeemable Debentures to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956, the DIP guidelines read with ICDR Regulations, 2009 and provisions of the SEBI (issue and Listing of Debt Securities) Regulations, 2008.

Mumbai
January 13, 2015

For full copy of order against BHASKAR BANERJEE, click here.

For full copy of order against CHINMOY GUHA THAKURTA, click here.

For full copy of order against INFINITY REALCON DEBENTURE TRUST, click here.

For full copy of order against INFINITY REALCON LTD., click here.

For full copy of order against PARTHA PROTIM MUKHERJEE, click here.

For full copy of order against PRABIR KUMAR MUKHERJEE, click here.

For full copy of order against PRALAY KUMAR SAW, click here.

For full copy of order against PRANAB MUKHERJEE, click here.

For full copy of order against SANJOY KUMAR MAITI, click here.

For full copy of order against SARBARI MUKHERJEE, click here.

For full copy of order against SOUMEN MALLICK, click here.

For full copy of order against SUJIT MITRA, click here.