PRESS RELEASE - SEBI |
December 14, 2015
Order in the matter of M/s Life Care Real Developers Limited Shri Prashant Saran, Whole Time Member, SEBI has passed an order on December 09, 2015, wherein M/s. Life
Care Real Developers Limited, its promoters/ directors inter-alia have been directed to refund the money collected
by the company through issuance of Redeemable Preference Shares, with interest at the rate of 15% per annum
compounded at half yearly intervals and also not to access the capital market in any manner. The company and its
promoters/ directors have also been restrained and prohibited from buying, selling or otherwise dealing in the
securities market, from the date of this order till the expiry of four years from the date of completion of refunds to
investors.
Mumbai |
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For full copy of order against LIFE CARE REAL DEVELOPERS LIMITED, MR. ARSHAD HUSSAIN, MS. SHIBA PRAVIN, MR. MOHD. SERAJ LARI, MR. RAJNEESH CHANDRA SHUKLA, MR. YOGENDRA PRATAP SHAHI, MR. MOHAMMAD AFTAB ALAM AND MR. MOHD GANI click here. |
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