PRESS RELEASE - SEBI |
December 16, 2015
Order in the matter of M/s Hum Projects Limited Shri Prashant Saran, Whole Time Member, SEBI has passed an order on December 11, 2015, wherein M/s. Hum
Projects Limited and its promoters/ 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 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 HUM PROJECTS LTD., MR.SANDIP ROY, MR.CHANDRA SHEKHAR SABAT, MR.NASIRUL ISLAM SEIKH, MR.SUBHAS KUNDU, MR.SUBHASISH PANDEY AND MR.SURANJAN KAR click here. |
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