Investors are advised to be careful if the returns offered by the person
/ or entity is very much higher than the return offered by the regulated
entities like banks, deposits accepted by companies, registered NBFCs and mutual
funds
SEBI has put out a list of 51 unauthorised entities (on its website
www.sebi.in) against whom it has passed interim orders restraining them from
mobilising funds through existing / or
new schemes, launching any new schemes or / floating any new companies /
or firms to raise fresh money.
Rose Valley Real Estate & Constructions, JSR Dairies, Saradha Realty
India, Ramel Industries, Sunshine Agro Global (Sunshine Forestry), Sheen Agro
& Plantation and Shree Sai Space Creation are some of the names on the
list.
The regulator SEBI has also directed them not to divert or / alienate any
assets or money collected, besides debarring the company and its directors from
accessing the capital markets in its final order.
SEBI said GIFT Collective Investment Management Company was the sole
registered entity permitted to operate under the collective investment scheme
(CIS Regulations).
In a caution notice on December 11, 2014, SEBI said, “Investors are
advised to be careful if the returns offered by the person / or entity is very
much higher than the return offered by the regulated entities like banks,
deposits accepted by companies, registered NBFCs and mutual funds (MF).”
“If any of the following entities are found to be collecting / or mobilising money, investors are advised not
to subscribe to such schemes and to report the same to SEBI, state authorities
including the police immediately.”
PR No. 165/2014
SEBI's Caution
to Investors
It
has come to the notice of Securities and Exchange Board of India (SEBI) that
certain companies / entities unauthorisedly, without obtaining registration and
illegally are collecting / mobilising money from the general investors by
making false promises, assuring high return, etc. Investors are advised to be
careful if the returns offered by the person/ entity is very much higher than
the return offered by the regulated entities like banks, deposits accepted by
Companies, registered NBFCs, mutual funds etc.
Wherever
SEBI has found such schemes to be in the nature of Collective Investment
Schemes (CIS) appropriate action has been taken against the entity/ies and its
Directors. In this regard, since January 01, 2011, SEBI has passed orders
against 51 entities and its Directors carrying on unregistered CIS. As part of
interim directions SEBI directs the entities and its Directors to stop
collecting further money under existing / new schemes, not to launch any new
scheme or float any new companies/firm to raise fresh moneys, not to divert or
alienate any assets or money collected etc., and through final directions SEBI
debars the company and its Directors from accessing the Capital markets, etc.
List of the Companies against whom order has been passed by SEBI is given below
with this press release. The orders are also available on SEBI website at
www.sebi.gov.in.
However,
it has been observed that certain entities collect / mobilize money under
existing / new schemes even after SEBI has directed the entity not to collect
any further money, not to launch any new schemes etc, which is unauthorised and
illegal.
Investors
and general public are hereby cautioned that other than "GIFT Collective
Investment Management Company Limited" no other entity is registered with
SEBI under the CIS Regulations. If any of the following entities are found to
be collecting / mobilising money, investors are advised not to subscribe to
such schemes and to report the same to SEBI, State authorities including Police
authorities immediately, along with appropriate details / documents.
S.N.
|
Case Name
|
Date of SEBI Order
|
1
|
Sun-plant
Agro Ltd
|
03-05-2011
|
2
|
NGHI
Developers India Limited
|
06-11-2012
|
3
|
MPS
Greenery Developers Limited
|
06-12-2012
|
4
|
Nicer
Green Forest Ltd
|
12-03-2013
|
5
|
Maitreya
Services Pvt. Ltd
|
25-03-2013
|
6
|
Osian's
Connoissurers of Art Ltd
|
15-04-2013
|
7
|
Saradha
Realty India Ltd
|
23-04-2013
|
8
|
Ken
Infratech Ltd
|
18-06-2013
|
9
|
Alchemist
Infra Realty Ltd
|
21-06-2013
|
10
|
Sumangal
Industries Ltd
|
09-07-2013
|
11
|
HBN
Dairies & Allied Ltd
|
12-07-2013
|
12
|
Sai
Prasad Foods Ltd.
|
17-07-2013
|
13
|
Sai
Prasad Properties Ltd
|
17-07-2013
|
14
|
Maitreya
Plotters & Structures Pvt. Ltd
|
30-08-2013
|
15
|
MVL
Limited
|
26-09-2013
|
16
|
Samruddha
Jeevan Foods India Ltd
|
31-10-2013
|
17
|
Servehit
Housing & Infrastructure
India Ltd
|
31-10-2013
|
18
|
Orient
Resorts (India) Pvt. Ltd
|
26-11-2013
|
19
|
Kim
Infrastructure & Developers
Ltd
|
05-12-2013
|
20
|
Green Ray International Limited
|
03-02-2014
|
21
|
Royal
Twinkle Star Club Ltd.
|
07-03-2014
|
22
|
Ecogreen
Realestate (India) Limited
|
26-03-2014
|
23
|
Peers
Allied Corportaion Ltd
|
23-04-2014
|
24
|
Green
Buds Agro Farm I Ltd
|
16-05-2014
|
25
|
M/s.
KBCL India Ltd
|
26-05-2014
|
26
|
Adel
Landmarks Ltd (Era Landmarks Ltd)
|
05-06-2014
|
27
|
JSR
Dairies Ltd
|
05-06-2014
|
28
|
Nikhara
Bharath Construction Company Ltd.
|
12-06-2014
|
29
|
Haldhar
Realty and Enterprises Ltd
|
17-06-2014
|
30
|
Rose
Valley Real Estate & Constructions Ltd.
|
18-06-2014
|
31
|
Beetal
Livestocks & Farms (Pvt) Ltd
|
25-06-2014
|
32
|
Ramel
Industries Ltd
|
11-07-2014
|
33
|
Remac
Realty India Ltd
|
15-07-2014
|
34
|
Sunshine
Agro Global Ltd (Sunshine Forestry Pvt. Ltd)
|
15-07-2014
|
35
|
Ally
Multi-Trade India Pvt. Ltd.
|
22-07-2014
|
36
|
Sai
Prasad Corporation Ltd
|
22-07-2014
|
37
|
Nicer
Green Housing and Infrastructure Developers Limited
|
28-07-2014
|
38
|
Dhanolty
Developers Ltd
|
30-07-2014
|
39
|
JSV
Developers India Ltd.
|
31-07-2014
|
40
|
HNC
Infrastructures and Shares India Ltd
|
05-08-2014
|
41
|
Shubham
Kroti Foods Pvt. Ltd
|
08-08-2014
|
42
|
Viswas
Real Estates and Infrastructure India Ltd
|
08-08-2014
|
43
|
IHI
Developers India Ltd
|
11-08-2014
|
44
|
PACL
|
22-08-2014
|
45
|
Step
Up Marketing Pvt. Ltd.
|
22-08-2014
|
46
|
SPNJ
Land Projects and Developers India Ltd
|
17-09-2014
|
47
|
G
N Dairies Limited
|
31-10-2014
|
48
|
Sheen
Agro and Plantation Ltd
|
14-11-2014
|
49
|
Garima
Real Estate and Allied Ltd.
|
24-11-2014
|
50
|
Raghav
Capital & Infrastructure Ltd.
|
24-11-2014
|
51
|
Shree
Sai Space Creation Ltd
|
24-11-2014
|
Investors
are also advised that SEBI does not regulate any scheme or arrangement made or
offered by Cooperative Society, Deposits accepted by Non-Banking Financial
Companies (NBFCs), Deposits accepted under 58A of Companies Act, Chit Fund
Business, Contract of Insurance, Pension Scheme or Insurance Scheme, Nidhi or /
mutual benefit society and any other activities which are regulated by any
other Authority or banned under any existing law viz., Multi Level Marketing,
Pyramid schemes, etc. Accordingly, investors are cautioned not to invest in any
company which is not registered and regulated and bring such schemes to the
notice of various authorities i.e
SEBI, Reserve Bank of India (RBI), Central Bureau of Investigation (CBI),
Ministry of Corporate Affairs (MCA), Pension Fund Regulatory and Development
Authority (PFRDA), Insurance Regulatory and Development Authority (IRDA) and
State / Police Authorities, etc.
Mumbai
December 11, 2014
Mumbai
December 11, 2014
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