April 01, 2015
PR No. 095/2015

Order in the matter of M/s Hum Projects Ltd.

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated March 20, 2015 in the matter of M/s Hum Projects 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 and 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
 
April 01, 2015

For full copy of order against CHANDRA SHEKHAR SABAT, click here.

For full copy of order against HUM PROJECTS LTD., click here.

For full copy of order against NASIRUL ISLAM SEIKH, click here.

For full copy of order against SANDIP ROY, click here.

For full copy of order against SUBHAS KUNDU, click here.

For full copy of order against SUBHASISH PANDEY, click here.

For full copy of order against SURANJAN KAR, click here.