March 24, 2015
PR No. 082/2015

Order in the matter of M/s. Cell Industries Limited

Shri S Raman, Whole Time Member, SEBI, has passed an Interim Order dated March 17, 2015 in the matter of Cell Industries Limited 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 orders. The company and its directors shall not dispose off any of the properties of the company and shall not divert any funds raised from the public. 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.
 
Also, Debenture Trustees, viz. Shri Ashish Kumar De Sarkar, Shri Samrat Sinha and Shri Abdul Basad Molla, are prohibited from continuing with their assignment as debenture trustee in respect of the Offer of NCDs of CIL 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 of Redeemable Preference Shares and NCDs to more than 49 persons without complying with the provisions of the Companies Act, 1956.

For full copy of order against ABDUL BASAD MOLLA, click here.

For full copy of order against ASHIM GUPTA, click here.

For full copy of order against ASHISH KUMAR DE SARKAR, click here.

For full copy of order against ASRAF ALI SHAIKH, click here.

For full copy of order against CELL INDUSTRIES LTD., click here.

For full copy of order against DEBI PRASAD MOOKHERJI, click here.

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

For full copy of order against KUMAR KANTI BHATTACHARYA, click here.

For full copy of order against RAJESH JAISWAL, click here.

For full copy of order against SAIK MAJAFFAR, click here.

For full copy of order against SEKH REZAUL KARIM, click here.

For full copy of order against SHAIKH AJGAR ALI, click here.

For full copy of order against SOURAV BARDHAN, click here.