| PRESS RELEASE - SEBI |
August 12, 2015 Order in the matter of M/s Rahul Inn Hospitality Limited Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated August 06, 2015 in the matter of Rahul Inn Hospitality Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company, 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 of 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 Secured Redeemable Debentures, which are kept in bank account(s) and/or in the custody of the company. The Debenture Trustees, viz.Shri Chapal Biswas and Shri Chinmoy Ghatak are prohibited from continuing with his present assignment as debenture trustees in respect of the Offer of Secured Redeemable Debentures of the company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this order till further directions. The company, 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 Secured Redeemable 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.
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For full copy of order against ABHIJIT MAJUMDAR, click here. For full copy of order against CHAPAL BISWAS, click here. For full copy of order against CHINMOY GHATAK, click here. For full copy of order against DIPANKAR GUPTA, click here. For full copy of order against MRINMOY BOSE, click here. For full copy of order against RAHUL BANERJEE, click here. For full copy of order against RAHUL INN HOSPITALITY LTD., click here. |