March 31, 2015
PR No. 089/2015

Order in the matter of M/s KKDIL Nidhi Limited

Shri Prashant Saran, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated March 20, 2015 in the matter of M/s KKDIL Nidhi Limited directing inter-alia that the company and its promoters/directors are restrained from mobilizing funds from investors and that the company and its promoters/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 promoters/directors have further been directed not to dispose off any of the properties of the Company or alienate the assets acquired/created through the funds raised from public by issuance of the impugned equity shares and not to divert any funds raised from public at large through the issuance of the impugned equity shares, 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 equity shares to more than 49 persons without complying with the provisions of the Companies Act, 1956.

Mumbai
 
March 31, 2015

For full copy of order against BAMAN CHARANA DAS, click here.

For full copy of order against BIPIN CHANDRA DAS, click here.

For full copy of order against HARA PRASAD DAS, click here.

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

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

For full copy of order against KKDIL NIDHI LTD., click here.

For full copy of order against LINGARAJ PANIGRAHY, click here.

For full copy of order against SANTOSH KUMAR PANDA, click here.

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