October 20, 2015
PR No. 248/2015
Order in the matter of M/s. Abyss Assam Real Estate Limited
Shri S. Raman, Whole Time Member, SEBI, has passed an Interim Order dated October 13, 2015 in the matter of
Abyss Assam Real Estate Limited (AAREL) under the SEBI Act read with SEBI (Disclosure and Investor Protection)
Guidelines, 2000 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 inter-alia directing.
- AAREL shall not mobilize any fresh funds from investors through the Offer of Preference Shares or through
the issuance of equity shares or any other securities, to the public and/or invite subscription, in any manner
whatsoever, either directly or indirectly till further directions;
- AAREL and its present Directors, viz. Shri Dhanjit Gayary, Shri Aynal Hoque Talukdar, Shri Abdul Maleque
Miah, Shri Mazibar Rahman 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 past Directors of AAREL, viz. Shri Md. Mazibar Rahman and Shri Tilak Sarma 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;
- AAREL and its abovementioned past and present 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;
- AAREL shall provide a full inventory of all its assets and properties;
- AAREL's abovementioned past and present Directors shall provide a full inventory of all their assets and
properties;
- AAREL and its abovementioned present Directors shall not dispose of any of the properties or alienate or
encumber any of the assets owned/acquired by that company through the Offer of Preference Shares, without
prior permission from SEBI;
- AAREL and its abovementioned present Directors shall not divert any funds raised from public at large
through the Offer of Preference Shares, which are kept in bank account(s) and/or in the custody of
AAREL;
- AAREL and its abovementioned Directors shall furnish complete and relevant information in respect of the
Offer of Preference Shares within 14 days from the date of receipt of this Order.
The company was engaged in fund mobilizing activity from the public through issue of Redeemable Preference
Shares without complying with the relevant provisions of the Companies Act, 1956 and the provisions of SEBI
Disclosure and Investor Protection) Guidelines, 2000 and SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2009.
Mumbai
October 20, 2015
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For full copy of order against ABDUL MALEQUE MIAH, click here.
For full copy of order against ABYSS ASSAM REAL ESTATE LTD., click here.
For full copy of order against AYNAL HOQUE TALUKDAR, click here.
For full copy of order against DHANJIT GAYARY, click here.
For full copy of order against MAZIBAR RAHMAN, click here.
For full copy of order against MD.MAZIBAR RAHMAN, click here.
For full copy of order against TILAK SARMA, click here.
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