PRESS RELEASE - SEBI |
December 16, 2015
Order in the matter of M/s AM Fund Managers Limited Shri Prashant Saran, Whole Time Member, SEBI has passed an order on December 10, 2015, wherein M/s. AM
Fund Managers Limited, its promoters and its directors inter-alia have been directed to refund the money collected
by the company through issuance of Redeemable Preference Shares, including the money collected from investors,
till date, pending allotment, if any, 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, its promoters and its 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 AM FUND MANAGERS LTD., MR.ASHOK KUMAR BEHERA, MR.ASWINI KUMAR BARIK, MR.SATYABRATA SINHA, MR.UMESHCHSAMANTASINGHAR, MR.SUVASH CHANDRA BEHERA, MR.DIPAK KUMAR BEHERA AND ITS PROMOTERS MR.BIBEKANANDABEHERA, MR.SASWATSAHOO, MR.SATRUNJAYASAHOO AND MR.KAILASH CHANDRA NAYAK click here. |
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