PRESS RELEASE - SEBI |
September 10, 2015
Order in respect of Popular Agro Farms Pvt Ltd. and its Directors Shri S. Raman, Whole Time Member, SEBI, has passed an order on September 08, 2015 under Sections 11(1),
11(4) and 11B of the Securities and Exchange Board of India Act, 1992 read with Regulation 65 of the SEBI
(Collective Investment Schemes) Regulations, 1999 in the matter of Popular Agro Farms Pvt. Ltd. and its Directors.
Popular Agro Farms Pvt. Ltd., a company having its registered office at Plot No.1 & 2, Lake Area, Melur Main Road, Madurai 625 107, was found mobilizing funds from the investors under its schemes, prima-facie violating the provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999. This Order shall come into force with immediate effect.
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For full copy of order against NIYAZ HYDER ALI, click here. For full copy of order against POPULAR AGRO FARMS PVT.LTD., click here. For full copy of order against USMAN PASHA USMAN FAYAZ, click here. |