June 28, 2017
PR No. 037/2017

Order in the Matter of Jeevan Dhara Geomine Limited

Shri G Mahalingam, Whole Time Member, Securities and Exchange Board of India (SEBI) has passed an interim order dated June 07, 2017 against Jeevan Dhara Geomine Limited (JDGL) and its Directors viz. Sarju Acharjee, Ajoy Kumar Sarkar, Tapash Paul & Rinku Deka under sections 11, 11(4) and 11B of SEBI Act, 1992 in the matter of Jeevan Dhara Geomine Limited directing inter-alia :

1. JDGL and the above named Directors namely, Sarju Acharjee, Ajoy Kumar Sarkar, Tapash Paul and Rinku Deka 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. JDGL and the above named Directors 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;
    
3. JDGL and the above named Directors shall co-operate with SEBI and shall furnish all information/documents in connection with the offer and allotment of preference shares sought vide letters dated August 23, 2016, September 05, 2016 and October 03, 2016.

The company was engaged in fund mobilizing activity through issue of Redeemable Preference Shares to more than 49 persons without complying with the provisions of the Companies Act, 1956.

For full copy of order against AJOY KUMAR SARKAR, click here.

For full copy of order against JEEVAN DHARA GEOMINE LTD., click here.

For full copy of order against RINKU DEKA, click here.

For full copy of order against SARJU ACHARJEE, click here.

For full copy of order against TAPASH PAUL, click here.