June 25, 2015
PR No. 169/2015

Order against M/s V3 Infrastructure and Estates Private Ltd and its Directors

Shri S Raman, Whole Time Member, SEBI, has passed an order on June 23, 2015, under Sections 11 (1), 11 (4) and 11B of the Securities and Exchange Board of India Act, 1992 read with Regulation 65 of Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 in the matter of V3 Infrastructure and Estates Private Ltd and its Directors.
 
The order inter-alia directed the company and its Directors viz., Mr. Virupapur Santosh Kumar, Mr.Virupapuram Madhusudhan and Ms. Hindupuram Sireesha not to collect any fresh money from investors under its existing schemes and not to launch any new schemes or plans or float any new companies to raise fresh funds;
 
The order further directed the Company and its Directors not to dispose of or alienate any of the properties/assets of the existing schemes and not to divert any funds raised from public at large which are kept in bank account(s) and/or in the custody of the company. The company was also directed to submit the full inventory of its assets, details of amount mobilized and scheme-wise list of investors.
 
V3 Infrastructure and Estates Private Ltd (CIN:U45202KA2009PTC051123), a company having its registered office at 1st Floor, Naswale Buildings, Hospet Road, Koppal, Karnataka – 583231, was found collecting funds from the "subscribers /investors” for its land schemes, prima-facie violating the provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999.

 
Mumbai
 
June 25, 2015

For full copy of order against HINDUPURAM SIREESHA, click here.

For full copy of order against V3 INFRASTRUCTURE & ESTATES PVT.LTD., click here.

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

For full copy of order against VIRUPAPURRAM MADHUSUDHAN, click here.