April 01, 2015
PR No. 092/2015

Order in the matter of M/s Adarsh Wealth Ventures Ltd

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated March 19, 2015 in the matter of M/s Adarsh Wealth Ventures 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
 
April 01, 2015

For full copy of order against ADARSH WEALTH VENTURES LTD., click here.

For full copy of order against ANIL SINGH, click here.

For full copy of order against BIBHUTI BHUSAN NANDA, click here.

For full copy of order against BIJAYA KUMAR ROUT, click here.

For full copy of order against CHOUDHURY NIRANJAN PRADHAN, click here.

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

For full copy of order against GANESWAR MAHANTA, click here.

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

For full copy of order against RAMAKANTA MAHAKUL, click here.