January 19, 2015
PR No. 017/2015

Order in the matter of M/s Dynamic Asset Management Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated January 09, 2015 in the matter of M/s Dynamic Asset Management 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 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 to provide a full inventory of all their assets and properties and 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, which are kept in bank account(s) and/or in the custody of the company. The company and its directors have also been directed to provide with all relevant and necessary information as required by SEBI.
 
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.

Mumbai
January 19, 2015

For full copy of order against AJAYA KUMAR DAS, click here.

For full copy of order against BASANTA KUMAR SUNDARA, click here.

For full copy of order against DYNAMIC ASSET MANAGEMENT LTD., click here.

For full copy of order against KISHORE CHANDRA MAHARATHI, click here.

For full copy of order against MADHABA PRASAD MOHANTY, click here.

For full copy of order against NARENDRA ROUT, click here.

For full copy of order against NIHAR RANJAN BIDHAR, click here.

For full copy of order against PRADIP KUMAR MAHAPATRA, click here.

For full copy of order against RAJESH DAS, click here.

For full copy of order against SANGRAM KESHARI TARAI, click here.

For full copy of order against SAROJ KUMAR SAHOO, click here.

For full copy of order against SUGYANI CHARAN NANDA, click here.

For full copy of order against SUSANTA KUMAR PANDA, click here.