February 06, 2015
PR No. 031/2015

Order in the matter of M/s Agri Gold Farm Estates India Private Limited (AGFEIPL) and its Directors

Shri S Raman, Whole Time Member, SEBI, has passed an interim order dated February 05, 2015 in the matter of M/s. Agri Gold Farm Estates India Private Limited and its directors under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992 read with Regulation 65 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 and Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003.
 
The Registered Office of the Company is situated at Agri Gold Towers, H.No. 6-3-680/A/B, Thakur Mansion Lane, Near Somajiguda Circle, Hyderabad- 500082. The order directed the company and its Directors, viz., Mr. Venkata Rama Rao Avva, Mr. Avva Venkata Seshu Narayana Rao, Mr. Avva Hema Sundara Vara Prasad, Mr. Savadam Srinivas, Mr. Moganti Bhanuji Rao and Mr. Emmadi Sada Siva Vara Prasad Rao, not to collect any fresh money from the investors under its existing schemes, not to launch any new schemes or plans or float any new companies to raise fresh moneys, to immediately submit the full inventory of the assets including land obtained through money raised by AGFEIPL, not to dispose of or alienate any of the properties/assets obtained directly or indirectly through money raised by the company, not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of AGFEIPL and to furnish all the information/details sought by SEBI within 15 days from the date of receipt of the order.
 
The Company was engaged in fund mobilizing activity from public by floating/sponsoring/launching unregistered/unauthorized Collective Investment Scheme (CIS) as defined in section 11AA of the SEBI Act, 1992.

Mumbai
February 06, 2015

For full copy of order against AGRI GOLD FARM ESTATES INDIA PVT.LTD., click here.

For full copy of order against AVVA HEMA SUNDARA VARA PRASAD, click here.

For full copy of order against AVVA VENKATA RAMA RAO, click here.

For full copy of order against AVVA VENKATA SESHU NARAYANA RAO, click here.

For full copy of order against EMMADI SADA SIVA VARA PRASAD RAO, click here.

For full copy of order against MOGANTI BHANUJI RAO, click here.

For full copy of order against SAVADAM SRINIVAS, click here.