April 01, 2015
PR No. 094/2015

Order in the matter of M/s. Seashore Securities Limited

Shri Prashant Saran, Whole Time Member, SEBI has passed an interim order dated March 18, 2015 confirming the ad-interim order dated July 23, 2014 wherein inter alia M/s. Seashore Securities Limited and its promoters/directors, Mr. Prashanta Kumar Dash, Mr. Pravat Kumar Dash, Ms. Jyotirani Sarangi, Mr. Surath Das, Ms. Shantiprava Dash, Mr. Manoj Kumar Nath, Ms. Prativa Dash, Mr. Sudhanshu Shekhar Pati, Ms. Sapna Jena and Mr. Gopal Chandra Sahu were directed not to issue prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever and not to dispose any of the properties of the said company or divert any funds raised from public at large.
 
It is alleged that the company was engaged in fund mobilising activity through issue of Cumulative Redeemable Preference Shares to more than 49 person without complying with the various provisions of the Companies Act, 1956, SEBI DIP Guidelines, 2000 and SEBI ICDR Regulations, 2009.

Mumbai
 
April 01, 2015

For full copy of order against SEASHORE SECURITIES LIMITED, MR. PRASHANTA KUMAR DASH, MR. PRAVAT KUMAR DASH, MS. JYOTIRANI SARANGI, MR. SURATH DAS, MS. SHANTIPRAVA DASH, MR. MANOJ KUMAR NATH, MS. PRATIVA DASH, MR. SUDHANSHU SHEKHAR PATI, MS. SAPNA JENA and MR. GOPAL CHANDRA SAHU click here.