August 21, 2015
PR No. 213/2015

Order in the matter of M/s Astha India Infra-tech Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated August 11, 2015 in the matter of Astha India Infra-tech Limited, inter-alia directing that the company shall not mobilize funds from investors. Further, the company and its 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 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 Non –Convertible Secured Redeemable Debentures (NCDs), which are kept in bank account(s) and/or in the custody of the company.
 
The company and 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 Non–Convertible Secured Redeemable Debentures (NCDs) to more than 49 persons without complying with the SEBI (ILDS) Regulations, 2008 and relevant provisions of the Companies Act, 1956.

 
Mumbai
 
August 21, 2015

For full copy of order against ASTHA INDIA INFRA-TECH LTD., click here.

For full copy of order against PARTHA SARKAR, click here.

For full copy of order against SANDIP PAL, click here.

For full copy of order against SUBHASH KAR, click here.

For full copy of order against SUJIT DAS, click here.

For full copy of order against SUMA KARDAS, click here.