May 22, 2015
PR No. 136/2015

Order in the matter of M/s Nava Diganta Capital Services Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated May 07, 2015 in the matter of Nava Diganta Capital Services Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its present and past 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 present 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 Redeemable Preference Shares and Non–Convertible Unsecured Debentures, which are kept in bank account(s) and/or in the custody of the company.

The company and its present and past 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 Redeemable Preference Shares and Non–Convertible Unsecured Debentures 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
 
May 22, 2015

For full copy of order against ANJAN KUMAR BALIYARSINGH, click here.

For full copy of order against HARAPRIYA JENA, click here.

For full copy of order against HITESH KUMAR BAGARTTI, click here.

For full copy of order against KARTIKEYA PARIDA, click here.

For full copy of order against NAVA DIGANTA CAPITAL SERVICES LTD., click here.

For full copy of order against NIRUPAMA SAHOO, click here.

For full copy of order against PRADEEP KUMAR PATTNAIK, click here.

For full copy of order against RAMACHANDRA HANSDAH, click here.

For full copy of order against SANYASI PRADHAN, click here.

For full copy of order against SMITA PATRA, click here.

For full copy of order against SUBARNA NAIK, click here.