February 27, 2015
PR No. 046/2015

Order in the matter of M/s Tribhuvan Agro Project Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated February 24, 2015in the matter of Tribhuvan Agro Project Limited, inter-alia directing that the company shall not mobilize funds from investors through issue of securities. 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 off 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 Offer of Redeemable Preference Shares and Secured Redeemable Non – Convertible Debentures (NCDs), which are kept in bank account(s) and/or in the custody of the company.
 
Also, Debenture Trustee viz. Tribhuvan Agro Debenture Trust (represented by its Trustees, viz. Shri Sukumar Mondal, Shri Sanjay Nayak, Shri Sujit Kumar Goswami, Shri Rajib Das and Shri Mohammed Sunwas Ali), is prohibited from continuing with his present assignment as debenture trustee 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 Redeemable Preference Shares and NCDs, to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956, read with SEBI (ILDS) Regulations, 2008 and SEBI (ICDR) Regulations, 2013.

Mumbai
February 27, 2015

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

For full copy of order against AMAL SEN, click here.

For full copy of order against MIHIR BAISNOB, click here.

For full copy of order against MOHAMMED SUNWAS ALI, click here.

For full copy of order against MOHAMMED SUNWAS ALI, click here.

For full copy of order against PRADIP SARDAR, click here.

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

For full copy of order against RANJIT GOPE, click here.

For full copy of order against SANJAY NAYAK, click here.

For full copy of order against SHAIKH MOKHLESUR RAHAMAN, click here.

For full copy of order against SIDHARTHA SARDAR, click here.

For full copy of order against SUJIT KUMAR GOSWAMI, click here.

For full copy of order against SUKUMAR MONDAL, click here.

For full copy of order against TRIBHUVAN AGRO DEBENTURE TRUST, click here.

For full copy of order against TRIBHUVAN AGRO PROJECT LTD., click here.