July 14 2016
PR No. 120/2016

Order in the matter of M/s URO Agro India 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 URO Agro India 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.Trustees of Secured Debentures Trust of URO Agro India Limited (represented by its Trustees, viz. Shri Ram Sunder Bhattacharya and Smt Pratima Roy), 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 AJIT KUMAR ROUTH, click here.

For full copy of order against BIBEKANANDA MAITI, click here.

For full copy of order against BISWAPRIYA GIRI, click here.

For full copy of order against IPSITA DAS GIRI, click here.

For full copy of order against MUNSUR ALI MALLICK, click here.

For full copy of order against NABARUN BHATTACHARYA, click here.

For full copy of order against PARTHA PRATIM MAITY, click here.

For full copy of order against PRADIP KUMAR MAITI, click here.

For full copy of order against PRASUN MONDAL, click here.

For full copy of order against PRATIMA ROY, click here.

For full copy of order against RAM SUNDER BHATTACHARYA, click here.

For full copy of order against SACHINDRA NATH BHATTACHARYA, click here.

For full copy of order against SANJOY CHOWHAN, click here.

For full copy of order against URO AGRO INDIA LTD., click here.