April 23, 2015
PR No. 118/2015

Order in the matter of M/s Mount Vision Industries India Ltd

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated April 22, 2015 in the matter of Mount Vision Industries India Ltd, inter-alia directing that the company shall not mobilize funds from investors. Further, 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 have further been directed not to dispose off any of the properties or alienate or encumber any of the assets of the Company without prior permission from SEBI and not to divert any funds raised from public at large through the Offer of Non Convertible Redeemable Debenture, which are kept in bank account(s) and/or in the custody of the company.
 
The Debenture Trustee, viz. Mount Vision Debenture Trust, represented by Mr. Manoj Kumar is prohibited from continuing with his present assignment as debenture trustee in respect of the Offer of Non Convertible Redeemable Debenture of the company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this order till further directions.
 
The company and its Directors, are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.
 
The company was engaged in fund mobilizing activity through issue of Non Convertible Redeemable Debenture to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (issue and Listing of Debt Securities) Regulations, 2008.

Mumbai
 
April 23, 2015

For full copy of order against ANIL KUMAR DWIVEDI, click here.

For full copy of order against IRSHAD ALI, click here.

For full copy of order against MANOJ KUMAR, click here.

For full copy of order against MOHAMMAD MUMTAZ ALAM, click here.

For full copy of order against MOUNT VISION DEBENTURE TRUST, click here.

For full copy of order against MOUNT VISION INDUSTRIES INDIA LTD., click here.

For full copy of order against RAN VIJAY KUMAR, click here.

For full copy of order against SANJAY KUMAR, click here.

For full copy of order against SHAMBHU NATH SAH, click here.