May 22, 2015
PR No. 140/2015

Order in the matter of M/s Bishal Horticulture & Animal Projects Limited

Shri S Raman, Whole Time Member, SEBI, has passed an interim order cum Show Cause Notice dated May 06, 2015 in the matter of Bishal Horticulture & Animal Projects 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 and past 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 present 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 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 Preference shares to more than 49 person without complying with the relevant provisions of the Companies Act, 1956 and the DIP guidelines read with ICDR Regulations, 2009.

Mumbai
 
May 22, 2015

For full copy of order against BISHAL HORTICULTURE & ANIMAL PROJECTS LTD., click here.

For full copy of order against CHANDAN SHAH, click here.

For full copy of order against GAUTAM KUMAR HALDER, click here.

For full copy of order against MADHAB CHANDRA PURKAIT, click here.

For full copy of order against MOHD.KALIMULLAH BAIDYA, click here.

For full copy of order against PRITI RANI CHOWDHURY, click here.

For full copy of order against RAM KUMAR SINHA, click here.

For full copy of order against RATAN CHOWDHURY, click here.

For full copy of order against SACHIN KUMAR THAKUR, click here.

For full copy of order against SANKAR BHATTACHARJEE, click here.

For full copy of order against SANTOSH KUMAR PAUL, click here.

For full copy of order against SHIMA CHOWDHURY, click here.

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

For full copy of order against SWAPAN KUMAR BOSE, click here.

For full copy of order against TUSHAR KANTI NANDI, click here.