July 07, 2015
PR No. 180/2015

Order in the matter of Assure Agrowtech Limited

Shri S. Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated July 3, 2015 in respect of Assure Agrowtech Limited (AAL), and its Directors.
 
The order inter-alia directed the company, its directors viz., Mr. Sengan Thangappalam, Mr. Shanmugam Rajendran, Mr. P Saravanan, Mr. R. Devadoss and Dr. V. Venkataramanujam to cease and desist and not solicit or undertake such activity or any other activities in the securities market, till the time the proceedings in respect of AAL is disposed of;
 
The order further directed the company and its directors, not to divert any funds, dispose of or alienate any of the properties/assets obtained through money raised from public. The company was also directed to submit the full inventory of its assets, details of amount mobilized from investors.
 
Assure Agrowtech Limited a company having its registered office at : 14, 1st Floor, Raheja Complex, No. 834, Anna Salai, Chennai – 600 002, was found collecting funds from the “client/venturer” for its livestock/poultry schemes, prima-facie violating the provisions of the SEBI Act,1992 and SEBI ( Collective Investment Schemes) Regulations, 1999.

 
Mumbai
 
July 07, 2015

For full copy of order against ASSURE AGROWTECH LTD., click here.

For full copy of order against P.SARAVANAN, click here.

For full copy of order against R.DEVADOSS, click here.

For full copy of order against SENGAN THANGAPPALAM, click here.

For full copy of order against SHANMUGAM RAJENDRAN, click here.

For full copy of order against V.VENKATARAMANUJAM, click here.