July 14 2016
PR No. 119/2016

Order in the matter of M/s Multinational Industries Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order cum Show Cause Notice July 07, 2016 in the matter of Multinational Industries Limited, inter-alia directing that the company shall not mobilize funds from investors through issuance of securities. Further, the company and present and past directors and promoters 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 present and past directors and promoters 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 from SEBI and not to divert any funds raised from public at large through the Offer of Non – Convertible Debentures, which are kept in bank account(s) and/or in the custody of the company.
 
The Company and its present and past directors and promoters, 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.
 
The Debenture Trustee, viz.Trustee of the debenture holders of Multinational Industries Limited (represented by its trustees, viz. Shri Amit Samanta and Shri Raktim Dhar), is prohibited from continuing with his present assignment as debenture trustees in respect of the Offer of Non – Convertible Debentures of the company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this order till further directions.
 
The company was engaged in fund mobilizing activity through issue of Non – Convertible Debentures to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

Mumbai
July 14, 2016

For full copy of order against AKMAL SEKH, click here.

For full copy of order against AMIT SAMANTA, click here.

For full copy of order against ANAMITRA NAG, click here.

For full copy of order against APURBA SINGHA ROY, click here.

For full copy of order against BISHAKHA RANI MONDAL, click here.

For full copy of order against DIPAK MITRA, click here.

For full copy of order against KALYAN SAHA, click here.

For full copy of order against MIARUL SEKH, click here.

For full copy of order against MULTINATIONAL INDUSTRIES LTD., click here.

For full copy of order against NARGIS PARVIN, click here.

For full copy of order against OBAIDUR RAHAMAN, click here.

For full copy of order against RAJESH ACHARYA, click here.

For full copy of order against RAKABUL HAQUE, click here.

For full copy of order against RAKTIM DHAR, click here.

For full copy of order against TARIKUL SK, click here.