July 14 2016
PR No. 123/2016

Order in the matter of M/s Shine India Agro 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 Shine India Agro Industries Limited inter-alia directing that the company shall not mobilize funds from investors through issuance of securities. Further, the company and its past and present 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 past and present 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 Preference Shares, which are kept in bank account(s) and/or in the custody of the company.
 
The company and its past and present 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 company was engaged in fund mobilizing activity through issue of Preference Shares to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956.

Mumbai
July 14, 2016

For full copy of order against ARINDAM PAL, click here.

For full copy of order against BASUDEV GHOSH, click here.

For full copy of order against DULAL SENAPATI, click here.

For full copy of order against GURUPADA DAS, click here.

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

For full copy of order against JAYDEB PANDIT, click here.

For full copy of order against KABIL PATRA, click here.

For full copy of order against KOBIL PATRA, click here.

For full copy of order against NIAMAT ALI, click here.

For full copy of order against SAJAHAN MIDYA, click here.

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

For full copy of order against SUPARNA DAS, click here.

For full copy of order against UJJAL MANDAL, click here.