PR No.

59/2016

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 NonConvertible 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 233 (as on March 15, 2016) 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 March 15, 2016

Sr.
Location of the
Date of
No. Name of the Entity
Entity
Order
1
Kunnamkulam Paper Mills Ltd
Kerala
10.04.2003
page: 1

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45
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Sahara India Real Estate Corporation Ltd

Sahara Housing Investment Corporation
Ltd
SGI Research & Analysis Ltd.
Prayag Infotech Hi-Rise Limited
Vibgyor Allied Infrastructure Ltd
Kolkata Weir Industries Limited
Ramel Industries Ltd
Idol India Infrastructures Limited
Seashore Securities Ltd
I core Eservices Ltd
Falkon Industries India Limited
Progress Cultivation Limited
Regenix Drugs Limited
Real Tulip India Limited
Micro Leasing and funding Ltd
Angel Rural Deveopment Limited
NVD Solar Limited
Sampriti Projects Limited
Swarnabhumi Developers Limited
SLB Invest (India) Limited
Mass Infra Realty Limited
Midas Touch Assets & Securities Limited
Option One Industries Ltd
Golden Life Agro India Limited
Dynamic Asset Management Limited
Micro Finance Ltd
MPA Agro - Animals Projects Ltd
Chakra Infrastructure Limited
Basil International Limited
Greater Kolkata Infrastructure Limited
Sukhchain Hire Purchase Limited
Adamant Infrastructure Ltd
ATM Agro Industries India Limited
ATM Agro Projects India Limited
Rightmax Technotrade International
Limited
GBC Enterprise Limited
Nirmal Infrahome Corporation Ltd
Tribhuvan Agro projects Ltd
Target People Social Security Scheme
Micro Finance Ltd
Fishermen Development Micro Finance
Ltd.
ERIL Mutual Benefit India Limited
Promotech Infratech Limited
Mega Mould India Limited
Asoka Life Science Limited
Maxbe Green Provision Limited

page: 2

Uttar Pradesh
Maharshtra

23.06.2011
23.06.2011

Delhi
West Bengal
West Bengal
West Bengal
West Bengal
Madhya Pradesh
Odisha
West Bengal
West Bengal
West Bengal
Tamil Nadu
Madhya Pradesh
Odisha
Madhya Pradesh
West Bengal
West Bengal
West Bengal
Odisha
West Bengal
Odisha
Madhya Pradesh
West Bengal
Odisha
Odisha
West Bengal
West Bengal
Delhi
West Bengal
Madhya Pradesh
Madhya Pradesh
West Bengal
West Bengal

11.01.2013
18.02.2014
20.02.2014
30.04.2014
15.05.2014
19.05.2014
23.07.2014
25.07.2014
08.08.2014
14.08.2014
10.11.2014
11.11.2014
21.11.2014
21.11.2014
27.11.2014
28.11.2014
02.12.2014
03.12.2014
04.12.2014
09.12.2014
16.12.2014
07.01.2015
09.01.2015
14.01.2015
21.01.2015
29.01.2015
06.02.2015
06.02.2015
11.02.2015
11.02.2015
12.02.2015
12.02.2015

Karnataka
West Bengal
Madhya Pradesh
West Bengal
Tamil Nadu

20.02.2015
20.02.2015
20.02.2015
24.02.2015
04.03.2015

Tamil Nadu

04.03.2015

Jharkhand
West Bengal
West Bengal
West Bengal
West Bengal

04.03.2015
05.03.2015
05.03.2015
11.03.2015
13.03.2015
[ www.sebi.gov.in ]

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85
86
87
88
89
90

Jeevan Suraksha Real Estate Limited

Real Sunshine Corp Limited and its
Directors
Rista Fisheries & Infrastructure Limited
Cell Industries Limited
Sunshine Hi-Tech Infracon Ltd.
GSHP Realtech Limited
Goldmine Food Products Limited
SCL Steel Corporation Lilmited
URO Hygeinic Goods Limted
URO Infotech Limited
URO Life care Limited
URO Walkers Limited
URO Infra Realty India imited
KKDIL Nidhi Ltd.
Real Agri Industries & Services Limited
Rhine & Raavi Credits and Holdings
Limited
Shivalik Cotex Ltd
Green India Infra Projects
Equinox Infratech Limited
Morningstar Ventures Limited
Fantasy Infraventure & Agrimart Limited
Affiance Industries Limited
Polaris Agro Industries Limited
Mangalam Agro Products Limited
Mount Vision Industries India Ltd
Sankalp Projects Limited
Nixcil Pharmaceuticals Specialities
Limited
Phenix Properties Limited
Sunplant Forgings Limited
Great Overseas Commodeal Limited
Bishal Horticulture & Animal Projects
Limited
Bishal Distillers Limited
Bishal AgriBio Industries Limited
Bishal Abasan India Limited
Suraksha Industries India Limited
Nava Diganta Capital Services Limited
Waris Healthcare Limited
Subha Commercial Services Limited
MRS Agrotech India Limited
RBX Land Developers India Limited
Gulshan Nirman India Limited
Wasankar Wealth Management Limited
Verinder Finance Ltd
Amazan Capital Limited

page: 3

West Bengal

13.03.2015

Madhya Pradesh
West Bengal
West Bengal
Gujarat
West Bengal
West Bengal
Madhya Pradesh
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
Odisha
West Bengal

13.03.2015
16.03.2015
17.03.2015
17.03.2015
18.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
19.03.2015
20.03.2015
20.03.2015

Delhi
Delhi
Odisha
Madhya Pradesh
West Bengal
Uttar Pradesh
West Bengal
West Bengal
West Bengal
Madhya Pradesh
West Bengal

27.03.2015
27.03.2015
27.03.2015
30.03.2015
30.03.2015
30.03.2015
31.03.2015
01.04.2015
06.04.2015
22.04.2015
24.04.2015

Uttar Pradesh
Assam
West Bengal
West Bengal

24.04.2015
24.04.2015
29.04.2015
06.05.2015

West Bengal
West Bengal
West Bengal
West Bengal
Bihar
Odisha
West Bengal
Tripura
Madhya Pradesh
Madhya Pradesh
Chhattisgarh
Maharashtra
Jammu& Kashmir
West Bengal

06.05.2015
06.05.2015
06.05.2015
06.05.2015
07.05.2015
07.05.2015
07.05.2015
08.05.2015
08.05.2015
12.05.2015
12.05.2015
18.05.2015
20.05.2015
25.05.2015/
[ www.sebi.gov.in ]

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116
117
118
119
120
121
122
123
124
125
126
127
128
129
130

Dolphin Universal Rural Development

Limited
Madhya Pradesh
Cemendia Infrastructures Limited
Madhya Pradesh
Sun-Plant Business Limited
West Bengal
Neesa Technologies Limited
Gujarat
ASSR Agro India Limited
West Bengal
STPL Infrastructures Limited
Madhya Pradesh
AVM Real Estate & Allied Limited
Chhattisgarh
Polaris Realtors IndiaLimited
Madhya Pradesh
Bhabiswajyoti Infrastructure India Limited Madhya Pradesh
Gitanjali Udyog Limited
West Bengal
Cell Realcon Corporation Limited
Madhya Pradesh
Eris Energy Limited
Madhya Pradesh
Greenbang Agro Limited
West Bengal
Goldmine Agro Limited
West Bengal
Goldmine Industries Limited
Madhya Pradesh
Omisha Agri Industries (India) Limited
Madhya Pradesh
Waris Finance and Investment Limited
West Bengal
Jugantor Realty Limited
West Bengal
Matribhumi Projects (I) Limited
West Bengal
Annex Infrastructure India Limited
West Bengal
Active Rural Development India Limited Madhya Pradesh
United Medicine and Surgical Industries
Limited
West Bengal
Angel Allied India Limited
Punjab
Life Care Infrastructures India Limited
Madhya Pradesh
Vishwamitra International Infra Ltd
Madhya Pradesh
Shah Group Builders Ltd
Maharashtra
Megasys Healthcare
Limited
Madhya Pradesh
Aspen Nirman India Limited
Madhya Pradesh
Siyaram Development and Construction
Limited
Karnataka
Swasata Steel Industries Limited
West Bengal
Madurai Rural Development
Tamil Nadu
Transformation India Limited
Madurai Rural Development Benefit Fund Tamil Nadu
(India) Limited
Swasata Cement Limited
West Bengal
Togo Retail Marketing Limited
Delhi
Pinnacle Ventures India Limited
West Bengal
Weird Infrastructure Corporation Limited Uttar Pradesh
Pailan Park Development Authority
Limited
West Bengal
Pailan Agro India Limited
Jammu& Kashmir
DGR Farms & Leisures Ltd
Madhya Pradesh
Kerala Housing Finance Limited
Kerala

page: 4

27.05.2015
29.05.2015
03.06.2015
03.06.2015
04.06.2015
05.06.2015
05.06.2015
15.06.2015
17.06.2015
17.06.2015
17.06.2015
18.06.2015
18.06.2015
19.06.2015
22.06.2015
22.06.2015
23.06.2015
23.06.2015
23.06.2015
24.06.2015
25.06.2015
25.06.2015
29.06.2015
29.06.2015
30.06.2015
01.07.2015
02.07.2015
15.07.2015
17.07.2015
17.07.2015
17.07.2015
17.07.2015
21.07.2015
22.07.2015
24.07.2015
24.07.2015
27.07.2015
27.07.2015
30.07.2015
31.07.2015/
20.11.2015
[ www.sebi.gov.in ]

131 Rising Agrotech Limited

132 Alchemist Capital Limited (formerly
known as Toubro Holdings Limited)
133 Kolkata Aryan Food Industries Limited
134 PAFL Industries Limited
135 Eminence Infra Projects Limited
136 Rahul Inn Hospitality Limited
137 Skymarg Agro Industries India Limited
138 Astha India Infra-tech Limited
139 Aryan Agro Projects India Limited
140 Magnox Infraprojects Limited
141 Alchemist Holdings Ltd
142 Torsa Agro projects Ltd
143 Aspen Projects India Limited
144 Aditya Global Industries Limited
145 Waris Agrotech (India) Limited
146 Purusattam Infotech Industries Limited
147 Sunshine Infrabuild Corporation Ltd
148 Life Care Infra Tech Limited
149 Federal Agro Commercial Limited
150 BNP Real Estate and Allied Ltd
151 Adorable Agrotech Ltd.
152 Rahul Hi Rise Limited
153 Sunheaven Agro India Limited
154 Vaastav ALR International Limited
155 Bharat Krishi Samridhi Industries Limited
156 Shine India Infra Project Limited
157 Idol India Projects Limited
158 Greenworld Agro Industries Limited
[earlier known as Bangadisha Projects
Limited)
159 Suraksha Agrotech Industries Limited
160 Just Reliable Projects India Ltd
161 Abyss Assam Real Estate Limited
162 Orchid Cultivation Projects India Limited
163 Yash Dream Real Estate Ltd.
164 Newland Agro Industries Limited
165 Infinity Realcon Limited
166 Megasys Medi Life Ltd
167 Weird Industries Limited
168 En Aromatic & Petro Chemicals Limited (
earlier known as Vamshi Chemicals
Limited)
169 AapnaPariwar Agro Farming Developers
India Limited
170 Vasundhara Realcon Limited
171 United Cosmetics Manufacturing (I)
Limited
172 Suncity Infracon Corporation (India)
page: 5

West Bengal

03.08.2015

Chandigarh
West Bengal
West Bengal
West Bengal
Bihar
West Bengal
West Bengal
West Bengal
West Bengal
Delhi
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
Delhi
Uttar Pradesh
Odisha
Madhya Pradesh
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal

03.08.2015
03.08.2015
05.08.2015
06.08.2015
06.08.2015
07.08.2015
11.08.2015
12.08.2015
13.08.2015
14.08.2015
14.08.2015
14.08.2015
19.08.2015
24.08.2015
25.08.2015
04.09.2015
14.09.2015
29.09.2015
29.09.2015
01.10.2015
01.10.2015
08.10.2015
09.10.2015
09.10.2015
09.10.2015
09.10.2015

West Bengal
West Bengal
West Bengal
Assam
West Bengal
Chhattisgarh
West Bengal
West Bengal
West Bengal
West Bengal

12.10.2015
12.10.2015
13.10.2015
13.10.2015
15.10.2015
15.10.2015
19.10.2015
19.10.2015
19.10.2015
21.10.2015

Delhi
West Bengal

04.11.2015
09.11.2015

West Bengal

10.11.2015

West Bengal

20.11.2015

[ www.sebi.gov.in ]

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174
175
176
177
178
179
180
181
182
183
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197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217

Limited
Helios Corporation Ltd
Helios Chemicals Limited
Digstar Projects Limited
Suraksha Family Services Limited
IMAX Projects India Limited
GreenTouch Projects Limited
Ramel Pharma Limited
Arcava Enterprises Limited
Swabhumi Real Estate India Limited
G R Agro Project Limited
Regal Hitech Agro Projects (India)
Limited
Life Care Real Developers Limited
Adarsh Wealth Ventures Limited
AM Fund Managers Limited
Real Vision International Limited
Vista Management Services Limited
Hum Projects Limited
Moonlight Associates Limited
Sarada Pleasure and Adventure Limited
Multi Purpose Bios India Limited
Prayas Projects India Limited
Hahnemann Herbal Limited
Sunplant Constructions Limited
Krutibibha Corporation Limited
Astha Green Energy Ventures India Ltd.
R B Horticulture & Animal Project Limited
Express Cultivation Limited
Milan and Milan International Limited
RTC Properties India Limited
SEBA Real Estate Limited
Mondal Constructions Company Limited
Bharatiya Real Estate Development Ltd
Vaibhav Pariwar India Projects Limited
Amazan Agro Products Limited
MBK Business Development (India)
Limited
Ramel Real Estate Infrastructure Ltd
Q&B Retail Ltd
Ambitious Diversified Projects
Management Limited
Tresty Securities Ltd
Suvidha Land Developers India Limited
SunTechno International Limited
Jivan Sathi Dream Projects Limited
Dreamland Industries Ltd
Prism Infracon Limited
Hooghly Agrotech Limited

page: 6

Assam
Bihar
Bihar
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal

20.11.2015
20.11.2015
20.11.2015
01.12.2015
01.12.2015
01.12.2015
01.12.2015
02.12.2015
02.12.2015
02.12.2015
03.12.2015

West Bengal
Delhi
Odisha
Odisha
Odisha
Odisha
West Bengal
Assam
Bihar
West Bengal
West Bengal
Odisha
West Bengal
Odisha
Telangana
West Bengal
West Bengal
Odisha
West Bengal
Assam
West Bengal
West Bengal
West Bengal
West Bengal

03.12.2015
09.12.2015
10.12.2015
10.12.2015
10.12.2015
11.12.2015
11.12.2015
15.12.2015
28.12.2015
29.12.2015
29.12.2015
30.12.2015
31.12.2015
31.12.2015
01.01.2016
08.01.2016
08.01.2016
12.01.2016
14.01.2016
15.01.2016
15.01.2016
21.01.2016
22.01.2016
22.01.2016

West Bengal
West Bengal
Delhi

04.02.2016
08.02.2016
10.02.2016

West Bengal
Odisha
Madhya Pradesh
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal

15.02.2016
16.02.2016
16.02.2016
17.02.2016
17.02.2016
17.02.2016
18.02.2016
23.02.2016
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219
220
221
222
223
224
225
226
227
228
229
230
231
232
233

Amrit Projects (N.E) Limited

Golden Heaven Agro Project india Limitd
Everlight Realcon Infrastructure Ltd
Vikdas Industries Ltd.
MARS Agrofarm Developers Limited
Astha Techno Realty India Limited
Amrit Projects Limited
Infocare Infra Limited
Angela Agrotech Limited
Ravi Kiran Realty India Limited
Shreysth Production Industries Limited
Shristi Procon Limited
Pious Agro Industries Limited
I-Nova Solutions Limited
Silicon Projects Limited
Shankalp Food and Beverages Limited

Assam
West Bengal
Jharkhand
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal
West Bengal

23.02.2016
23.02.2016
23.02.2016
24.02.2016
26.02.2016
26.02.2016
26.02.2016
01.03.2016
01.03.2016
01.03.2016
02.03.2016
02.03.2016
02.03.2016
02.03.2016
03.03.2016
04.03.2016

Mumbai
March 16, 2016

page: 7

[ www.sebi.gov.in ]