July 14
2016
PR No. 122/2016
Order against the past directors of M/s Silicon Projects India Limited
Securities and Exchange Board of India (SEBI) vide an Order no. WTM/PS/167/ERO/FEB/2016 dated March 03,
2016 (“Final Order”), passed certain directions against Silicon Projects India Limited (“SPIL”)and its Directors, viz.
Shri Bijay Pratap Mishra, Shri Biswajit Bera, Shri Asesh Mitra, Shri Tapan Sahoo, Shri Jugal Kishor Gupta, Shri
Swarup Kumar Dutta, Shri Tushar Janaand Shri Debashis Dey, for violating the provisions of Section 56, Section 60
read with Section 2(36), Section 73, Sections 117B–C of the Companies Act, 1956 read with Companies Act, 2013
and the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 by engaging in fund mobilising activity from
the public, through the issue of Secured Non–Convertible Redeemable
Debentures(NCD).
It has come to SEBI’s notice that Shri Shib Narayan Das, Smt Antara Mukherjee and Smt Sayanti Sen were earlier
Directors of SPIL during the Offer of NCD.
Shri S Raman, Whole Time Member, SEBI, has passed an interim order cum show cause notice dated July 07,
2016 against the above mentioned past directors of SPIL inter-alia directing that the above mentioned past directors
of SPIL 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 abovementioned past Directors of SPIL 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;
Mumbai
July 14, 2016
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