March 23, 2017
PR No. 016/2017

Interim Order in the matter of M/s Sanket Investments and Marketing Limited

Shri G. Mahalingam, Whole Time Member, SEBI has passed an interim order on March 10, 2017 in the matter of M/s. Sanket Investments and Marketing Limited (Sanket) with the following directions:

1. Sanket and its directors, viz. Prashanta Kumar Dash, Pravat Kumar Dash and Nibedita Nath :
   1. shall not access the securities market or buy, sell or otherwise deal in the securities market, either directly or indirectly, or associate themselves with any listed company or company intending to raise money from the public;
   2. shall neither dispose of, alienate or encumber any of its/their assets nor divert any funds raised from public through the offer and allotment of preference shares;
2. Sanket and its directors are also directed to provide an inventory of their assets.

The above directions shall take effect immediately and shall be in force until further orders.
 
The company was engaged in fund mobilizing activity through issuance of Redeemable Preference Shares, to more than 49 persons, without complying with the relevant provisions of the Companies Act, 1956.

Mumbai
March 23, 2017

For full copy of order against NIBEDITA NATH, click here.

For full copy of order against PRASHANTA KUMAR DASH, click here.

For full copy of order against PRAVAT KUMAR DASH, click here.

For full copy of order against SANKET INVESTMENTS & MARKETING LTD., click here.