August 26, 2015
PR No. 222/2015

Order in the matter of Disc Assets Lead India Limited and its directors

Shri S Raman, Whole Time Member, SEBI, has passed an order on August 20, 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 Disc Assets Lead India Limited (DALIL) and its directors.
 
The order inter-alia directed the company, its directors viz., Mr. Nithiyanantham Arunkumar, Mr Vivekanandam Janarthanan, Mr Srinivasan Chidambaram, Mr Shyamchander Thanikodi, Mr. Nithiyanantham Malathi Umashankar and Ms S. Jeevalatha Sridhar :

• not to collect any fresh money from investors for its existing schemes;
• not to launch any new schemes/plans or float any new companies to raise fresh moneys;
• not to dispose of any of the properties or alienate the assets of the existing scheme;
• not to divert any funds raised from customers/investors, kept in bank account(s) and/or in the custody of the company;
• to immediately submit the full inventory of the assets owned by DALIL,

Disc Assets Lead India Limited, a company having its registered office at, Old No 59/1, New No:119, Canal Bank Road, C.I.T Nagar, Chennai 600035 was found collecting funds for its land schemes, prima-facie violating the provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999.

 
Mumbai
 
August 26, 2015

For full copy of order against DISC ASSETS LEAD INDIA LTD., click here.

For full copy of order against NITHIYANANTHAM ARUNKUMAR, click here.

For full copy of order against NITHIYANANTHAM MALATHI UMASHANKAR, click here.

For full copy of order against S.JEEVALATHA SRIDHAR, click here.

For full copy of order against SHYAMCHANDER THANIKODI, click here.

For full copy of order against SRINIVASAN CHIDAMBARAM, click here.

For full copy of order against VIVEKANANDAM JANARTHANAN, click here.