November 30, 2015
PR No. 277/2015

Order against the past directors of M/s Magnox Infraprojects Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated November 20, 2015 against the past directors of Magnox Infraprojects Limited (MIL), viz. Shri Manoj Kumar Pradhan, Shri Bhimsen Soren, Shri Rasmiranjan Swain, Shri Jyotiranjan Panda, Shri Anil Kumar Senapati and Shri Amrit Bhunia inter-alia directing that the above mentioned 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 abovementioned past Directors of MIL 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;
 
Further, the abovementioned past Directors of MIL shall provide a full inventory of all his assets and properties.
 
The company was engaged in fund mobilizing activity through issue of redeemable preference shares (RPS) to more than 49 persons without complying with relevant provisions of the Companies Act, 1956 and the SEBI Act, 1992.
 
The above mentioned persons were earlier Directors of MIL during the offer of RPS by MIL.

Mumbai
 
November 30, 2015

For full copy of order against AMRIT BHUNIA, click here.

For full copy of order against ANIL KUMAR SENAPATI, click here.

For full copy of order against BHIMSEN SOREN, click here.

For full copy of order against JYOTIRANJAN PANDA, click here.

For full copy of order against MANOJ KUMAR PRADHAN, click here.

For full copy of order against RASMIRANJAN SWAIN, click here.