Securities and Exchange Board of India

Press Release

PR No. 8/2017

Caution to the Investors

1. Some unlisted companies are luring retail investors by issuing  securities  including non-convertible and convertible debentures/ non-convertible and convertible preference  shares/ equity shares in the garb of private placement,  without  complying with the provisions of Companies Act, 1956 read  with  the Companies Act, 2013, SEBI (Issue and Listing of Debt Securities), Regulations, 2008, SEBI (Issue and Listing of  Non-Convertible  Redeemable Preference Shares), Regulations, 2013 and SEBI (Issue of capital and Disclosure Requirements) Regulations, 2009.

2. Any offer of securities made to 50 or more persons has to be construed as a “Public Offer” under the provisions of Companies Act, 1956.

3. Under Companies Act, 2013, “Private Placement” shall be made only to such persons whose names are recorded by the company prior to the invitation to subscribe.  Further, in case of private placements, the company shall not release any public advertisements or utilise any media, marketing or distribution channels or agents to inform the public at large about such an offer. Further, such offer or invitation shall not be made to more than 200 persons in the aggregate in a financial year.

4. As per the provisions of Companies Act, 2013 and SEBI Regulations, no issuer shall make public issue of these securities, unless it has made application to the recognized Stock Exchange(s) for listing of such securities. Further, the issuer, among the other things, is required to file the offer document with RoC/Stock Exchange/SEBI etc. The issuer has to make disclosures about the issuer company, the promoters of the company, the risk factors etc.

5. SEBI has taken action against 256 (as on January 10, 2017)  such entities for issuance of securities in the form of non-convertible and convertible preference shares/ non-convertible and convertible debentures/ equity shares to public, without complying with the prescribed provisions of law as referred in Para 1, 2, 3 & 4 above.

6. List of the Companies against whom orders have been passed by SEBI is given below with this press release. The orders are also available on SEBI website at www.sebi.gov.in

7. SEBI has also passed orders against entities/ individuals who have acted as debenture trustees for debt issuance of companies without being registered with SEBI as Debenture Trustee as per SEBI Act, 1992.

8. Companies are cautioned not to issue securities to public without complying with provisions of law as referred in Para 1, 2, 3 & 4 above, failing which SEBI will be constraint to take stringent action against such companies and their directors.

9. Investors are also cautioned not to subscribe to such issues. Investors are advised to see whether any such entity has filed offer document or filed application with Stock Exchange for listing.

10. Individuals/Entities acting as Debenture Trustees without being registered with SEBI, are advised not to act in the said capacity.

Order passed in respect of Deemed public issues as on January 10, 2017Sr. No.Name of the EntityLocation of the EntityDate of Order1Kunnamkulam Paper Mills LtdKerala10.04.20032Sahara India Real Estate Corporation LtdUttar Pradesh23.06.20113Sahara Housing Investment Corporation LtdMaharshtra23.06.20114SGI Research & Analysis Ltd.Delhi11.01.20135Prayag Infotech Hi-rise LimitedWest Bengal18.02.20146Vibgyor Allied Infrastructure LtdWest Bengal20.02.20147Kolkata Weir Industries LimitedWest Bengal30.04.20148Ramel Industries LtdWest Bengal15.05.20149Idol India Infrastructures LimitedMadhya Pradesh19.05.201410Seashore Securities LtdWest Bengal23.07.201411I core Eservices LtdWest Bengal25.07.201412Media 9th Creations limitedWest Bengal06.08.201413URO Autotech LtdWest Bengal01.09.201414Regenix Drugs LimitedTamilnadu10.11.201415Real Tulip India LimitedMadhya Pradesh11.11.201416Angel Rural Development LimitedMadhya Pradesh21.11.201417NVD Solar LimitedWest Bengal27.11.201418Midas Touch Assets & Securities LimitedWest Bengal09.12.201419Option One Industries LtdMadhya Pradesh16.12.201420Golden Life Agro India LimitedWest Bengal07.01.201521MPA Agro – Animals Projects LtdWest Bengal21.01.201522Basil International LimitedDelhi06.02.201523Greater Kolkata Infrastructure LimitedWest Bengal06.02.201524Nirmal Infrahome Corporation LtdMadhya Pradesh20.02.201525Sahara India Commercial Corporation LimitedWest Bengal20.02.201526Target People Social Security Scheme Micro Finance LtdTamilnadu04.03.201527Fishermen Development Micro Finance Ltd.Tamilnadu04.03.201528ERIL Mutual Benefit India LimitedWest Bengal04.03.201529Promotech Infratech LimitedWest Bengal05.03.201530Mega Mould India LimitedWest Bengal05.03.201531Asoka Life Science LimitedWest Bengal11.03.201532Real Sunshine Corp Limited and its DirectorsMadhya Pradesh13.03.201533Sunshine Hi-Tech Infracon Ltd.Madhya Pradesh17.03.201534GSHP Realtech LimitedWest Bengal18.03.201535SCL Steel Corporation LimitedMadhya Pradesh19.03.201536URO Hygeinic Goods LimtedWest Bengal19.03.201537URO Infotech LimitedWest Bengal19.03.201538URO Life care LimitedWest Bengal19.03.201539URO Walkers LimitedWest Bengal19.03.201540URO Infra Realty India LimitedWest Bengal19.03.201541Rhine &Raavi Credits and Holdings LimitedDelhi27.03.201542Fantasy Infraventure & Agrimart LimitedUttar Pradesh30.03.201543Mangalam Agro Products LimitedWest Bengal06.04.201544Nixcil Pharmaceuticals Specialities LimitedUttar Pradesh24.04.201545Sunplant Forgings LimitedWest Bengal29.04.201546Suraksha Industries India LimitedBihar07.05.201547Nava Diganta Capital Services LimitedOdisha07.05.201548Gulshan Nirman India LimitedChhattisgarh12.05.201549Wasankar Wealth Management LimitedMaharashtra18.05.201550Verinder Finance LtdJammu & Kashmir20.05.201551Amazan Capital LimitedWest Bengal20.05.2015/

29.05.2015

52Sun-Plant Business LimitedWest Bengal03.06.201553ASSR Agro India LimitedWest Bengal04.06.201554Polaris Realtors India LimitedMadhya Pradesh15.06.201555Bhabiswajyoti Infrastructure India LimitedMadhya Pradesh17.06.201556Cell Realcon Corporation LimitedMadhya Pradesh17.06.201557Greenbang Agro LimitedWest Bengal18.06.201558Goldmine Agro LimitedWest Bengal19.06.201559Active Rural Development India LimitedMadhya Pradesh25.06.201560Angel Allied India LimitedPunjab29.06.201561Life Care Infrastructures India LimitedMadhya Pradesh29.06.201562Shah Group Builders LtdMaharashtra01.07.201563Aspen Nirman India LimitedMadhya Pradesh15.07.201564Madurai Rural Development Transformation India LimitedTamilnadu17.07.201565Madurai Rural Development Benefit Fund (India) LimitedTamilnadu17.07.201566Siyaram Development and Construction LimitedKarnataka17.07.201567Swasata Steel Industries LimitedWest Bengal17.07.201568Swasata Cement LimitedWest Bengal21.07.201569Togo Retail Marketing LimitedDelhi22.07.201570Pinnacle Ventures India LimitedWest Bengal24.07.201571Weird Infrastructure Corporation LimitedUttar Pradesh24.07.201572Pailan Park Development Authority LimitedWest Bengal27.07.201573Pailan Agro India LimitedJammu& Kashmir27.07.201574DGR Farms & Leisures LtdMadhya Pradesh30.07.201575Kerala Housing Finance LimitedKerala31.07.201576Rising Agrotech LimitedWest Bengal03.08.201577Alchemist Capital Limited (formerly known as Toubro Holdings Limited)Punjab03.08.201578Kolkata Aryan Food Industries LimitedWest Bengal03.08.201579Togo Retail Marketing LimitedDelhi05.08.201580PAFL Industries LimitedWest Bengal05.08.201581Eminence Infra Projects LimitedWest Bengal06.08.201582Rahul Inn Hospitality LimitedBihar06.08.201583Skymarg Agro Industries India LimitedWest Bengal07.08.201584Magnox Infraprojects LimitedWest Bengal13.08.201585Alchemist Holdings LtdDelhi14.08.201586Torsa Agro projects LtdWest Bengal14.08.201587Aspen Projects India LimitedWest Bengal14.08.201588Aditya Global Industries LimitedWest Bengal19.08.201589Waris Agrotech (India) LimitedWest Bengal24.08.201590Purusattam Infotech Industries LimitedWest Bengal25.08.201591Sunshine Infrabuild Corporation LtdDelhi04.09.201592Life Care Infra Tech LimitedUttar Pradesh14.09.201593Federal Agro Commercial LimitedOdisha29.09.201594BNP Real Estate and Allied LtdMadhya Pradesh29.09.201595Adorable Agrotech Ltd.West Bengal01.10.201596Rahul Hi Rise LimitedWest Bengal01.10.201597Sunheaven Agro India LimitedWest Bengal08.10.201598Vaastav ALR International LimitedWest Bengal09.10.201599Bharat Krishi Samridhi Industries LimitedWest Bengal09.10.2015100Shine India Infra Project LimitedWest Bengal09.10.2015101Idol India Projects LimitedWest Bengal09.10.2015102Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited)West Bengal12.10.2015103Suraksha Agrotech Industries LimitedWest Bengal12.10.2015104Just Reliable Projects India LtdWest Bengal13.10.2015105Abyss Assam Real Estate LimitedAssam13.10.2015106Yash Dream Real Estate Ltd.Chhattisgarh15.10.2015107Orchid Cultivation Projects India LimitedWest Bengal15.10.2015108Newland Agro Industries LimitedWest Bengal19.10.2015109Infinity Realcon LimitedWest Bengal19.10.2015110Megasys Medi Life LtdWest Bengal19.10.2015111Weird Industries LimitedWest Bengal21.10.2015112Falkon Industries India LimitedWest Bengal21.10.2015113En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited)Delhi04.11.2015114AapnaPariwar Agro Farming Developers India LimitedWest Bengal09.11.2015115Vasundhara Realcon LimitedWest Bengal10.11.2015116Helios Corporation LtdWest Bengal20.11.2015117Helios Chemicals LimitedWest Bengal20.11.2015118Kerala Housing Finance LimitedKerala20.11.2015119SuncityInfracon Corporation (India) LimitedAssam20.11.2015120Digstar Projects LimitedWest Bengal01.12.2015121Suraksha Family Services LimitedWest Bengal01.12.2015122IMAX Projects India LimitedWest Bengal01.12.2015123GreenTouch Projects LimitedWest Bengal01.12.2015124Ramel Pharma LimitedWest Bengal02.12.2015125Arcava Enterprises LimitedWest Bengal02.12.2015126Swabhumi Real Estate India LimitedWest Bengal02.12.2015127G R Agro Project LimitedWest Bengal03.12.2015128Regal Hitech Agro Projects (India) LimitedWest Bengal03.12.2015129Life Care Real Developers LimitedDelhi09.12.2015130Adarsh Wealth Ventures LimitedOdisha10.12.2015131AM Fund Managers LimitedOdisha10.12.2015132Real Vision International LimitedOdisha10.12.2015133Vista Management Services LimitedOdisha11.12.2015134Hum Projects LimitedWest Bengal11.12.2015135Moonlight Associates LimitedWest Bengal15.12.2015136Sarada Pleasure and Adventure LimitedBihar28.12.2015137Multi-Purpose Bios India LimitedWest Bengal29.12.2015138Prayas Projects India LimitedWest Bengal29.12.2015139Hahnemann Herbal LimitedOdisha30.12.2015140Sunplant Constructions LimitedWest Bengal31.12.2015141Krutibibha Corporation LimitedOdisha31.12.2015142Astha Green Energy Ventures India Ltd.Telangana01.01.2016143R B Horticulture & Animal Project LimitedWest Bengal08.01.2016144Express Cultivation LimitedWest Bengal08.01.2016145Milan and Milan International LimitedOdisha12.01.2016146RTC Properties India LimitedWest Bengal14.01.2016147SEBA Real Estate LimitedAssam15.01.2016148Mondal Constructions Company LimitedWest Bengal15.01.2016149Maxbe Green Provision LimitedWest Bengal15.01.2016150Bharatiya Real Estate Development LtdWest Bengal21.01.2016151Vaibhav Pariwar India Projects LimitedWest Bengal22.01.2016152Amazan Agro Products LimitedWest Bengal22.01.2016153MBK Business Development (India) LimitedWest Bengal04.02.2016154Ramel Real Estate Infrastructure LtdWest Bengal08.02.2016155Q&B Retail LtdDelhi10.02.2016156Ambitious Diversified Projects Management LimitedWest Bengal15.02.2016157Tresty Securities LtdOdisha16.02.2016158Suvidha Land Developers India LimitedMadhya Pradesh16.02.2016159Sun Techno International LimitedWest Bengal17.02.2016160Jivan Sathi Dream Projects LimitedWest Bengal17.02.2016161Dreamland Industries LtdWest Bengal17.02.2016162Prism Infracon LimitedWest Bengal18.02.2016163Win Realcon LimitedWest Bengal18.02.2016164Hooghly Agrotech LimitedWest Bengal23.02.2016165Amrit Projects (N.E) LimitedAssam23.02.2016166Golden Heaven Agro Project India LimitedWest Bengal23.02.2016167Everlight Realcon Infrastructure LtdJharkhand23.02.2016168Vikdas Industries Ltd.West Bengal24.02.2016169MARS Agrofarm Developers LimitedWest Bengal26.02.2016170Astha Techno Realty India LimitedWest Bengal26.02.2016171Amrit Projects LimitedWest Bengal26.02.2016172Infocare Infra LimitedWest Bengal01.03.2016173Angela Agrotech LimitedWest Bengal01.03.2016174Ravi Kiran Realty India LimitedWest Bengal01.03.2016175Shreysth Production Industries LimitedWest Bengal02.03.2016176Shristi Procon LimitedWest Bengal02.03.2016177Pious Agro Industries LimitedWest Bengal02.03.2016178I-Nova Solutions LimitedWest Bengal02.03.2016179Rista Fisheries & Infrastructure LimitedWest Bengal02.03.2016180Sampriti Projects LimitedWest Bengal02.03.2016181Goldmine Food Products LimitedWest Bengal02.03.2016182Polaris Agro Industries LimitedWest Bengal02.03.2016183Silicon Projects LimitedWest Bengal03.03.2016184Shankalp Food and Beverages LimitedWest Bengal04.03.2016185Jeevan Suraksha Real Estate LimitedWest Bengal16.03.2016186Swarnabhumi Developers LimitedWest Bengal16.03.2016187Rising Agrotech LimitedWest Bengal16.03.2016188Roofers Infa-Projects LimitedWest Bengal18.03.2016189Subha Commercial Services LimitedTripura22.03.2016190Progress Cultivation LimitedWest Bengal22.03.2016191Micro Leasing and funding LtdOdisha31.03.2016192Chakra Infrastructure LimitedWest Bengal20.04.2016193Real Agri Industries and Services LimitedWest Bengal20.04.2016194Dynamic Asset Management LimitedOdisha20.04.2016195SLB Invest (India) LimitedOdisha22.04.2016196Chakra Infrastructure LimitedWest Bengal22.04.2016197Mass Infra Realty LimitedWest Bengal25.04.2016198Phenix Properties LimitedAssam27.04.2016199Sankalp Projects LimitedWest Bengal28.04.2016200Tribhuvan Agro projects LtdWest Bengal28.04.2016201ATM Agro Industries India LimitedWest Bengal29.04.2016202ATM Agro Projects India LimitedWest Bengal02.05.2016203GBC Enterprise LimitedWest Bengal06.05.2016204Affiance Industries LimitedWest Bengal09.05.2016205Cell Industries LimitedWest Bengal12.05.2016206Bishal Horticulture & Animal Projects LimitedWest Bengal16.05.2016207Bishal Distillers LimitedWest Bengal16.05.2016208Bishal Agri–Bio Industries LimitedWest Bengal16.05.2016209Bishal Abasan India LimitedWest Bengal16.05.2016210JeevanSuraksha Real Estate LimitedWest Bengal20.05.2016211Neesa Technologies LimitedGujarat02.06.2016212Sukhchain Hire Purchase LimitedMadhya Pradesh07.06.2016213Riju Cement LimitedWest Bengal07.07.2016214Shine India Agro Industries LimitedWest Bengal07.07.2016215Multinational Industries LimitedWest Bengal07.07.2016216Gurukul Projects LimitedWest Bengal07.07.2016217Roofers Capital Management LimitedWest Bengal07.07.2016218URO agro India LimitedWest Bengal07.07.2016219Lokmangal Agro Industries LtdMaharashtra01.08.2016220Vishwamitra International Infra LtdMadhya Pradesh10.08.2016221Waris Healthcare LimitedWest Bengal21.09.2016222Waris Finance and Investment LimitedWest Bengal21.09.2016223Great Overseas Commodeal LimitedWest Bengal21.09.2016224Rightmax Technotrade International LimitedKarnataka21.09.2016225Shivalik Cotex LtdDelhi20.09.2016226Oscar Management Services LimitedWest Bengal30.09.2016227Adamant Infrastructure LtdMadhya Pradesh03.10.2016228Mount Vision Industries India LtdMadhya Pradesh03.10.2016229RBX Land Developers India LimitedMadhya Pradesh03.10.2016230Matribhumi Projects (I) LimitedWest Bengal03.10.2016231Jugantor Realty LimitedWest Bengal03.10.2016232GitanjaliUdyog LimitedWest Bengal06.10.2016233Morningstar Ventures LimitedWest Bengal06.10.2016234MRS Agrotech India LimitedMadhya Pradesh18.10.2016235Astha India Infra-tech LimitedWest Bengal21.10.2016236United Cosmetics Manufacturing (I) LimitedWest Bengal21.10.2016237Annex Infrastructure India LimitedWest Bengal27.10.2016238Dolphin Universal Rural Development LimitedMadhya Pradesh27.10.2016239STPL Infrastructures LimitedMadhya Pradesh27.10.2016240Micro Finance LtdWest Bengal27.10.2016241United Medicine and Surgical Industries LimitedWest Bengal28.10.2016242Eris Energy LimitedMadhya Pradesh28.10.2016243KKDIL Nidhi Ltd.West Bengal28.10.2016244Green India Infra Projects LtdWest Bengal28.10.2016245Oscar Management Services LimitedWest Bengal30.09.2016246Omisha Agri Industries (India) LimitedMadhya Pradesh01.11.2016247Aryan Agro Projects India LimitedWest Bengal01.11.2016248Cemendia Infrastructures LimitedMadhya Pradesh01.11.2016249Goldmine Industries LimitedMadhya Pradesh01.11.2016250Megasys Healthcare LimitedMadhya Pradesh01.11.2016251Equinox Infratech LimitedMadhya Pradesh01.11.2016252AVM Real Estate & Allied LimitedChhattisgarh01.11.2016253Greater Kolkata Infracon LtdMadhya Pradesh01.12.2016254Falcon Infra Projects LtdWest Bengal22.12.2016255Sunshine Agro Infra LimitedWest Bengal23.12.2016256Zenith HiRise Infracon LimitedWest Bengal10.01.2017

Mumbai

January 30, 2017