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SEBI warns investors on fraudulent fund collections; issues list of 193 companies
Moneylife Digital Team 01 August 2015
Some unlisted companies are luring retail investors by issuing securities including NPS, NCDs in the garb of private placement, warns SEBI while issuing a list of 193 such entities
 
Market regulator Securities and Exchange Board of India (SEBI), while warning investors about investing money in dubious investment schemes has issued a list of 193 companies, including Sahara India Real Estate Corp Ltd and Sahara Housing Investment Corp Ltd that are fraudulently raising money from public.
 
In a release, SEBI said it has taken action against 193 such entities for issuance of securities in the form of non-convertible and convertible preference shares (NPS-CPS), non-convertible and convertible debentures (NCDs-CDs) and equity shares to public, without complying with the prescribed provisions of law. In 2015 itself, SEBI said it has passed orders against 123 companies in such cases.
 
The companies against which action has been taken include Togo Retail Marketing, Mumbai-based Shah Group of Builders, Aspen Nirman India, Megasys Healthcare, Siyaram Development and Construction, Matribhumi Projects and Goldmine Agro. Majority of these companies are from West Bengal followed by Madhya Pradesh. 
 
Moneylife has been constantly warning investors about not investing in such fraudulent companies. Some of the companies on which Moneylife wrote include, Pailan Agro India Ltd, StockGuru India-SGI Research & Analysis Ltd, and Ramel Industries Ltd.
 

Here is the list of companies, which have violated SEBI regulations…

 

Order passed in respect of Deemed public issues  U/s 67 of the Companies Act, 1956

 
Sr. No.Name of the EntityLocation of the EntityDate of Order
1Kunnamkulam Paper Mills LtdKerala10.04.2003
2Sahara India Real Estate Corporation LtdUttar Pradesh23.06.2011
3Sahara Housing Investment Corporation LtdMaharashtra23.06.2011
4SGI Research & Analysis LtdDelhi11.01.2013
5Basil International LtdDelhi06.02.2015
6Rhine & Raavi Credits and Holdings LimitedDelhi27.03.2015
7Alchemist Holding LimitedDelhi20.09.2013
8Vibgyor Allied Infrastructure LtdWest Bengal20.02.2014
9Kolkata Weir Industries LtdWest Bengal30.04.2014
10Ramel Industries LtdWest Bengal15.05.2014
11Aspen Projects India LimitedWest Bengal05.06.2014
12Golden Life Agro India LimitedWest Bengal07.01.2015
13Greater Kolkata Infrastructure LimitedWest Bengal06.02.2015
14GSHP Realtech LimitedWest Bengal18.03.2015
15Promotech Infratech LimitedWest Bengal05.03.2015
16Mega Mould India LimitedWest Bengal05.03.2015
17Seashore Securities LtdOdisha23.07.2014
18Icore-E-services LtdWest Bengal25.07.2014
19PAFL Industries LimitedWest Bengal31.07.2014
20Sunplant Constructions LimitedWest Bengal24.07.2014
21Ramel Real Estate Infrastructure LtdWest Bengal06.08.2014
22MBK Business Development (India) LimitedWest Bengal07.08.2014
23GreenTouch Projects LimitedWest Bengal07.08.2014
24Falkon Industries India LimitedWest Bengal08.08.2014
25Ravi Kiran Realty India LimitedWest Bengal08.08.2014
26Multi-Purpose Bios India LimitedWest Bengal14.08.2014
27Progress Cultivation LimitedWest Bengal14.08.2014
28Pinnacle Ventures India LimitedWest Bengal24.07.2015
29Magnox Indraprojects LimitedWest Bengal22.08.2014
30Amrit Projects (N.E) LimitedAssam22.08.2014
31Bharat Krishi Samridhi Industries LimitedWest Bengal05.09.2014
32Amrit Projects LimitedWest Bengal09.09.2014
33Rising Agrotech LimitedWest Bengal09.09.2014
34Purusattam Infotech Industries LimitedWest Bengal09.09.2014
35SEBA Real Estate LimitedAssam10.09.2014
36Torsa Agro Projects LimitedWest Bengal12.09.2014
37Wierd Industries LimitedWest Bengal15.09.2014
38Weird Infrastructure Corporation LimitedUttar Pradesh24.09.2014
39Life Care Real Developers LimitedNew Delhi29.09.2014
40Vamshi Chemicals LimitedNew Delhi30.10.2014
41Life Care Infra Tech LimitedUttar Pradesh03.11.2014
42Regenix Drugs LimitedTamilnadu10.11.2014
43Real Tulip India LimitedMadhya Pradesh11.11.2014
44Newland Agro Industries LimitedWest Bengal20.11.2014
45Sunheaven Agro India LimitedWest Bengal20.11.2014
46Micro Leasing and funding LtdBhubaneshwar21.11.2014
47Angel Rural Development LimitedMadhya Pradesh21.11.2014
48Prism Infracon LimitedWest Bengal24.11.2014
49NVD Solar LimitedWest Bengal27.11.2014
50Sampriti Projects LimitedWest Bengal28.11.2014
51Vista Management Services LimitedOdisha01.12.2014
52Kolkata Aryan Food Industries LimitedWest Bengal01.12.2014
53Federal Agro Commercial LimitedOdisha01.12.2014
54Waris Agrotech (India) LimitedWest Bengal01.12.2014
55Swarnabhumi Developers LimitedWest Bengal02.12.2014
56Bharatiya Real Estate Development LtdWest Bengal02.12.2014
57SLB Invest (India) LimitedOdisha03.12.2014
58Orchid Cultivation Projects India LimitedWest Bengal03.12.2014
59Aditya Global Industries LimitedWest Bengal03.12.2014
60Greenworld Agro Industries Limited (earlier known as Bangadisha Projects Limited)West Bengal04.12.2014
61Mass Infra Realty LimitedWest Bengal04.12.2014
62Alchemist Capital Limited (formerly known as Toubro Holdings Limited)Chandigarh08.12.2014
63Midas Touch Assets & Securities LimitedOdisha09.12.2014
64Yash Dream Real Estate Ltd.Chhattisgarh16.12.2014
65Adorable Agrotech Ltd.West Bengal15.12.2014
66Mondal Constructions Company LimitedWest Bengal15.12.2014
67Option One Industries LtdMadhya Pradesh16.12.2014
68Just Reliable Projects India LtdWest Bengal16.12.2014
69Vaibhav Pariwar India Projects LimitedWest Bengal29.12.2014
70Suraksha Agrotech Industries LimitedWest Bengal29.12.2014
71Silicon Projects LimitedWest Bengal06.01.2015
72Infinity Realcon LimitedWest Bengal07.01.2015
73Dynamic Asset Management LimitedOdisha09.01.2015
74Micro Finance LtdOdisha14.01.2015
75MPA Agro - Animals Projects LtdWest Bengal21.01.2015
76Megasys Medi Life LtdWest Bengal28.01.2015
77Chakra Infrastructure LimitedWest Bengal29.01.2015
78Krutibibha Corporation LimitedOdisha29.01.2015
79Vikdas Industries Ltd.West Bengal29.01.2015
80Prayas Projects India LimitedWest Bengal30.01.2015
81Amazon Agro Products LimitedWest Bengal30.01.2015
82Sarada Pleasure and Adventure LimitedBihar02.02.2015
83Hooghly Agrotech LimitedWest Bengal11.02.2015
84Sukhchain Hire Purchase LimitedMadhya Pradesh11.02.2015
85Adamant Infrastructure LtdMadhya Pradesh11.02.2015
86Suvidha Land Developers India LtdMadhya Pradesh12.02.2015
87ATM Agro Industries India LimitedWest Bengal12.02.2015
88ATM Agro Projects India LimitedWest Bengal12.02.2015
89AM Fund Managers LimitedOdisha20.02.2015
90Rightmax Technotrade International LimitedKarnataka20.02.2015
91GBC Enterprise LimitedWest Bengal20.02.2015
92Nirmal Infrahome Corporation LtdChhattisgarh20.02.2015
93Dreamland Industries LtdWest Bengal24.02.2015
94Tribhuvan Agro projects LtdWest Bengal24.02.2015
95Target People Social Security Scheme Micro Finance LtdTamil Nadu04.03.2015
96Fishermen Development Micro Finance Ltd.Tamil Nadu04.03.2015
97ERIL Mutual Benefit India LimitedJharkhand04.03.2015
98Asoka Life Science LimitedWest Bengal11.03.2015
99Golden Heaven Agro Project India LimitedWest Bengal12.03.2015
100Maxbe Green Provision LimitedWest Bengal13.03.2015
101Jeevan Suraksha Real Estate LimitedWest Bengal13.03.2015
102Real Sunshine Corp Limited and its DirectorsMadhya Pradesh13.03.2015
103Rista Fisheries & Infrastructure LimitedWest Bengal16.03.2015
104Cell Industries LimitedWest Bengal17.03.2015
105Astha Green Energy Ventures India Ltd.Telangana17.03.2015
106Sunshine Hi-Tech Infracon Ltd.Gujarat17.03.2015
107URO Hygeinic Goods LimitedWest Bengal19.03.2015
108URO Infotech LimitedWest Bengal19.03.2015
109URO Life care LimitedWest Bengal19.03.2015
110URO Walkers LimitedWest Bengal19.03.2015
111URO Infra Realty India LimitedWest Bengal19.03.2015
112Adarsh Wealth Ventures LimitedOdisha19.03.2015
113Astha Techno Realty India LimitedWest Bengal19.03.2015
114MARS Agrofarm Developers LimitedWest Bengal19.03.2015
115Goldmine Food Products LimitedWest Bengal19.03.2015
116SCL Steel Corporation LimitedMadhya Pradesh19.03.2015
117Infocare Infra LimitedWest Bengal19.03.2015
118Real Agri Industries & Services LimitedWest Bengal20.03.2015
119Hum Projects LimitedWest Bengal20.03.2015
120Real Vision International LimitedOdisha20.03.2015
121Tresty Securities LtdOdisha20.03.2015
122Everlight Realcon Infrastructure LtdJharkhand20.03.2015
123Shivalik Cotex LtdDelhi27.03.2015
124Green India Infra ProjectsOdisha27.03.2015
125Equinox Infratech LimitedMadhya Pradesh30.03.2015
126Idol India Infrastructures LimitedMadhya Pradesh19.05.2014
127Morningstar Ventures LimitedWest Bengal30.03.2015
128Affiance Industries LimitedWest Bengal31.03.2015
129I-Nova Solutions LimitedWest Bengal31.03.2015
130Polaris Agro Industries LimitedWest Bengal01.04.2015
131Sunshine Infrabuild Corporation LtdDelhi01.04.2015
132Mangalam Agro Products LimitedWest Bengal06.04.2015
133Pious Agro Industries LimitedWest Bengal17.04.2015
134Fantasy Infraventure & Agrimart LimitedUttar Pradesh30.03.2015
135Angela Agrotech LimitedWest Bengal21.04.2015
136Mount Vision Industries India LtdMadhya Pradesh22.04.2015
137Sankalp Projects LimitedWest Bengal24.04.2015
138Nixcil Pharmaceuticals Specialities LimitedUttar Pradesh24.04.2015
139Phenix Properties LimitedAssam24.04.2015
140Sunplant Forgings LimitedWest Bengal29.04.2015
141Great Overseas Commodeal LimitedWest Bengal06.05.2015
142Bishal Horticulture & Animal Projects LimitedWest Bengal06.05.2015
143Bishal Distillers LimitedWest Bengal06.05.2015
144Bishal Agri–Bio Industries LimitedWest Bengal06.05.2015
145Bishal Abasan India LimitedWest Bengal06.05.2015
146Suraksha Industries India LimitedBihar07.05.2015
147Nava Diganta Capital Services LimitedOdisha07.05.2015
148Waris Healthcare LimitedWest Bengal07.05.2015
149Subha Commercial Services LimitedTripura08.05.2015
150MRS Agrotech India LimitedMadhya Pradesh08.05.2015
151RBX Land Developers India LimitedMadhya Pradesh12.05.2015
152Gulshan Nirman India LimitedChhattisgarh12.05.2015
153Wasankar Wealth Management LimitedMaharashtra18.05.2015
154Verinder Finance LtdJammu and Kashmir20.5.2015
155Amazan Capital LimitedWest Bengal25.05.2015/ 29.05.2015
156Dolphin Universal Rural Development LimitedMadhya Pradesh27.05.2015
157Cemendia Infrastructures LimitedMadhya Pradesh29.05.2015
158Sun-Plant Business LimitedWest Bengal03.06.2015
159Neesa Technologies LimitedGujarat03.06.2015
160ASSR Agro India LimitedWest Bengal04.06.2015
161STPL Infrastructures LimitedMadhya Pradesh05.06.2015
162AVM Real Estate & Allied LimitedChhattisgarh05.06.2015
163Polaris Realtors IndiaLimitedMadhya Pradesh15.06.2015
164Bhabiswajyoti Infrastructure India LimitedMadhya Pradesh17.06.2015
166Gitanjali Udyog LimitedWest Bengal17.06.2015
167Cell Realcon Corporation LimitedMadhya Pradesh17.06.2015
168Eris Energy LimitedMadhya Pradesh18.06.2015
170Greenbang Agro LimitedWest Bengal18.06.2015
171Goldmine Agro LimitedWest Bengal19.06.2015
172Goldmine Industries LimitedMadhya Pradesh22.06.2015
173Omisha Agri Industries (India) LimitedMadhya Pradesh22.06.2015
174Waris Finance and Investment LimitedWest Bengal23.06.2015
175Jugantor Realty LimitedWest Bengal23.06.2015
176Matribhumi Projects (I) LimitedWest Bengal23.06.2015
177Annex Infrastructure India LimitedWest Bengal24.06.2015
178Active Rural Development India LimitedMadhya Pradesh25.06.2015
179United Medicine and Surgical Industries LimitedWest Bengal25.06.2015
180Angel Allied India LimitedPunjab29.06.2015
181Life Care Infrastructures India LimitedMadhya Pradesh29.06.2015
182Vishwamitra International Infra LtdMadhya Pradesh30.06.2015
183Shah Group Builders LtdMaharashtra01.07.2015
184Megasys Healthcare LimitedMadhya Pradesh02.07.2015
185Aspen Nirman India LimitedMadhya Pradesh15.07.2015
186Siyaram Development and Construction LimitedKarnataka17.07.2015
187Swasata Steel Industries LimitedWest Bengal17.07.2015
188Madurai Rural Development Transformation India LimitedTamilnadu17.07.2015
190Madurai Rural Development Benefit Fund (India) Limited  Tamilnadu17.07.2015
191Togo Retail Marketing LimitedDelhi22.07.2015
192Pailan Park Development Authority LimitedWest Bengal27.07.2015
193Pailan Agro India LtdJharkhand27.07.2015

 

SEBI said that 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. 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. 
 
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, emphasises the release from SEBI.
 
Comments
shetty ganesh
2 years ago
Sir I recide Mumbai in chembur I have 9 lakh invesested company close last micro leasing funding please help me [email protected] is my emaid id.
50 ,00,00,000 crore public investors are there in this.
Reply
Manoj Kumar Chand
3 years ago
Rhine & Raavi Credits and Holdings Limited
We have invested the money in this company after very hardwork to get some benefits also they claimed to return the money in 48 months but despite of getting benefits we didn't got our invested money also. After contacting to the companies people they are saying we won't give you a single money and no one can do anything no court can do anything and not even SEBI or Modi's government.
Also our government said that after winning in the election again they will help us to recover the money now where is he.
Is he also involved with them.
NCD is purchased in the name of Dhananjay Chandra.
I want to know by when I will get my money??
Reply
Ashley Ray
3 years ago
I lost over 100k in an investment trading company last year; i was down because the company refused to let me make withdrawals and kept asking for more money.... My friend in the military introduced me to a private investigator; James Morrison with the email address [email protected] and he's being really helpful, he's made a successful recovery of 70% of my investment in one month. I am so happy and grateful
Reply
Manoj Kumar Chand
Replied to Ashley Ray comment 3 years ago
Hey want to know that after contacting to this email id will they would be helpful now also
??
Reply
shetty ganesh
3 years ago
Sir 9,00,000 investment in micro finance and micro leasing fund it's mani branch bhuneshwar odshi the branch chembur Mumbai also public 50,00,000 crore invest Mumbai investtor cheated please help me .
Reply
shetty ganesh
3 years ago
Sir 9,00,000 investment in micro finance and micro leasing fund it's mani branch bhuneshwar odshi the branch chembur Mumbai also public 50,00,000 crore invest Mumbai investtor cheated please help me .
Reply
bishal korha
4 years ago
I am very much worried about my hard earned money Rs. 1,80,000/- which is invested in Weird Infrastructures Corp. Limited. I think the company has cheated the common men like me. How can I get back my hard earned with appropriate interest. Is SEBI capable enough to help us.
Reply
BIPIN SHARMA
4 years ago
मै बिपिन कुमार शर्मा MATRIBHUMI MANUFACTURING & MARKETING (I) LTD , MATRIBHUMI MUTUAL BENEFIT LTD ,MATRIBHUMI WELFARE SOCIETY के सम्बन्ध में सरकारी बिभाग को जानकारी देना चाहता हूँ की ये नॉन बैंकिंग कंपनी एक प्लानिंग के तहत बनाया गया था और निबेसकों से 21 करोड़ गबन करके बैठी है लकिन डर से निबेस्कों ने केसनहीं किया कुओंकी ये कंपनी वाले पैसे के दम पर सबको खरीद चुके है क्या करूँ मेरा 2 LAKH रुपया है
Reply
Om Prakash Patidar
4 years ago
Sir apki is list me BNP India limited company Ka naam hi Nahi ha
Jisne lakho garibo Ka paisa 5 Saal me 2 guna Karne Ka lalach Dakar company sabhi niveshako Ka paisa lakar bhag gayi ha is company ke khilaf BHI karyavahi kare or niveshako Ka paisa dilvaye
Reply
Deepankar
4 years ago
There are many Public issues that are built on inflated figures. One such is Acme , gurgaon company. It is coming with public IPO of 2200 Crores. It has lot of inflated figures, Old damaged stock of more than 200 Cr not written off, Bad debts not written off, Fake Inter company sales, Stay Away from this IPO - go deep in disclaimers, you will know
Reply
Dipankar
4 years ago
I have Invested Rs.450000 in Alchemist Holdings for 16 years term. Now I found branches and offices in West Bengal. I have invested in the year of 2008. Now what should I do it.
Reply
DHRUBAJYOTI BORAH
4 years ago
I was the agent from Nagaland of sun plant business ltd
Reply
DHRUBAJYOTI BORAH
4 years ago
Take step as soon as possible so that we get back our money early. I was the agent from Nagaland getting so much pressure from my customers.
Reply
Lawyer Prabhat
5 years ago
File a criminal case against against company and also file case for refund of money:regards-Prabhat yadav advocate high court of mp 9300831794/8770168425
Reply
Sanjeev Gupta
5 years ago
Adarsh Credit Co-operative Society is Genuine or Fraud
Reply
subhankar Das
6 years ago
sir,
I had invested Infinity Realcon Limited amount from taking loan and debt in the prospect of getting some profit but due to fraud i lost my all hard earned money, i am in great difficulty and my condition is suicidal, i don't know what to do and where to go to get back my money and live normal life. I am very upset these days.please help me and save me sir.


regards
Subhankar Das.
Delhi
Mob 9999279459
[email protected]
Reply
Lawyer Prabhat
Replied to subhankar Das comment 5 years ago
Take legal action against company and be positive n call me on 9300831794/8770168425
Reply
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