April 29, 2015
PR No. 121/2015

Interim Order cum Show Cause Notice in the matter of M/s Nixcil Pharmaceuticals Specialities Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order cum Show Cause Notice dated April 24, 2015 under sections 11(1), 11(4), 11A and 11B of SEBI Act, 1992 in the matter of Nixcil Pharmaceuticals Specialities Limited, 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 are also 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 and its directors have further been directed not to dispose of any of the properties or alienate or encumber any of the assets of the Company without prior permission of SEBI and not to divert any funds raised from public at large through the offer of Redeemable Cumulative Preference shares, which are kept in bank account(s) and/or in the custody of the company.
 
The company was engaged in fund mobilizing activity through issue of Redeemable Cumulative Preference shares to more than 49 person without complying with the relevant provisions of the Companies Act, 1956.

Mumbai
 
April 28, 2015

For full copy of order against AMIT MISHRA, click here.

For full copy of order against ARUN KUMAR MADAN, click here.

For full copy of order against ARVIND TIWARI, click here.

For full copy of order against BANKEY BIHARI MISHRA, click here.

For full copy of order against CHHOTE LAL SHUKLA, click here.

For full copy of order against DEENA NATH MAURYA, click here.

For full copy of order against DEEPAK AWASTHI, click here.

For full copy of order against DILIP KUMAR MISHRA, click here.

For full copy of order against GURBHEJ SINGH HORA, click here.

For full copy of order against KISHAN PAL SINGH, click here.

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

For full copy of order against MANZOOR ALAM, click here.

For full copy of order against MUKESH KUMAR KHARE, click here.

For full copy of order against NIXCIL PHARMACEUTICALS SPECIALITIES LTD., click here.

For full copy of order against PASHUPATI NATH DIXIT, click here.

For full copy of order against PRITHI PAUL SINGH SETHI, click here.

For full copy of order against RAJESH KUMAR SHARMA, click here.

For full copy of order against RAMENDRA PRASAD SHARMA, click here.

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

For full copy of order against SHIVA NAND MISHRA, click here.

For full copy of order against VISHWA BANDHU VASHISTHA, click here.