March 24, 2015
PR No. 072/2015

Order in the matter of M/s. Rista Fisheries and Infrastructure Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated March 16, 2015 in the matter of Rista Fisheries and Infrastructure Limited directing inter-alia that the company shall not mobilize funds from investors and that the company and its directors are directed to refund money collected through the offer of Redeemable Preference shares alongwith interest, if any, promised to investors and 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 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 24, 2015

For full copy of order against ANUPAM SARKAR, click here.

For full copy of order against MANJUSHREE CHAKRABORTY, click here.

For full copy of order against PROSENJIT SWARNAKAR, click here.

For full copy of order against RISTA FISHERIES & INFRASTRUCTURE LTD., click here.

For full copy of order against SAIKAT MUKHERJEE, click here.

For full copy of order against SAMBHU CHAKRABORTY, click here.

For full copy of order against SRIMANTA CHAKRABORTY, click here.

For full copy of order against SUDIP CHANDA, click here.

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

For full copy of order against SWAPAN BOSE, click here.