February 11, 2015
PR No. 033/2015

Order in the matter of M/s Krutibibha Corporation Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated January 29, 2015 under sections 11, 11(4), 11A and 11B of SEBI Act, 1992 in the matter of Krutibibha Corporation 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 not to dispose of 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 of the Companies Act, 1956.

Mumbai
February 11, 2015

For full copy of order against DAYANIDHY BEHERA, click here.

For full copy of order against KRUTIBIBHA CORP.LTD., click here.

For full copy of order against PUSPA SETHI, click here.

For full copy of order against RANJIT KUMAR SETHI, click here.

For full copy of order against TAPAN KUMAR SETHI, click here.