April 20, 2015
PR No. 112/2015

Order in the matter of M/s. Polaris Agro Industries Limited

Shri S Raman , Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated April 01, 2015 under SEBI Act, 1992 in the matter of Polaris Agro 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.
 
The company was engaged in fund mobilizing activity through issue of Redeemable Preference Shares to more than 49 persons without complying with the provisions of the Companies Act, 1956.

Mumbai
 
April 20, 2015

For full copy of order against ARINDAM DUTTA, click here.

For full copy of order against JAFAR ALI MOLLA, click here.

For full copy of order against KARTICK CHANDAR DAS, click here.

For full copy of order against NARUGOPAL DASADHIKARI, click here.

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