March 02, 2015
PR No. 049/2015

Order in the matter of M/s AM Fund Managers Ltd.

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated February 20, 2015 under sections 11(1), 11(4), 11A, and 11B and of SEBI Act, 1992 in the matter of M/s AM Funds Managers Ltd directing inter-alia that the company shall not mobilize funds from investors and that 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 directions.
 
The Company, its past and present directors have further been directed not to dispose off any of the properties or alienate the assets of the Company or dispose off any of their properties or alienate their assets and not to divert any funds raised from public at large through the issuance of the impugned securities, kept in its bank accounts and/or in the custody of the company without prior permission of SEBI, until further orders.
 
The company was engaged in fund mobilizing activity through issue of Preference Shares to more than 49 persons without complying with the provisions of the Companies Act, 1956.

Mumbai
March 02, 2015

For full copy of order against AM FUND MANAGERS LTD., click here.

For full copy of order against ASHOK KUMAR BEHERA, click here.

For full copy of order against ASWINI KUMAR BARIK, click here.

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

For full copy of order against DIPAK KUMAR BEHERA, click here.

For full copy of order against KAILASH CHANDRA NAYAK, click here.

For full copy of order against SATRUNJAYA SAHOO, click here.

For full copy of order against SATYABRATA SINHA, click here.

For full copy of order against SUVASH CHANDRA BEHERA, click here.

For full copy of order against UMESH CH.SAMANTASINGHAR, click here.