March 17, 2016
PR No. 061/2016
Order in the matter of M/s Shristi Procon Limited
Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order
cum Show Cause Notice dated March 02, 2016 in the matter of Shristi Procon Limited, inter-alia directing that the
company shall not mobilize funds from investors through issue of securities.
Further, the company and its promoters/ 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 company and its promoters/ directors are also 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.
The Company and its promoters/ directors have further been directed not to dispose of any of the properties or
alienate or encumber any of the assets of the Company without prior permission of SEBI and not to divert any
funds raised from public at large through the offer of Redeemable Preference shares, which are kept in bank
account(s) and/or in the custody of the company.
The company was engaged in fund mobilizing activity through issue of Redeemable Preference shares to more than
49 person without complying with the relevant provisions of the Companies Act, 1956.
Mumbai
March 17, 2016
|
For full copy of order against BIPLAB PRADHAN, click here.
For full copy of order against BISWAJIT NASKAR, click here.
For full copy of order against DIPAK KUMAR RAM, click here.
For full copy of order against NANDAKUMAR PRADHAN, click here.
For full copy of order against PRASIT KUMAR BISWAS, click here.
For full copy of order against PROBODH CHANDRA NASKAR, click here.
For full copy of order against RAKESH SINGH, click here.
For full copy of order against SHRISTI PROCON LTD., click here.
|