PR No.

97/2014
Order in the matter of M/s Falkon Industries India Limited
Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated
August 08, 2014 in the matter of Falkon Industries Limited, inter-alia directing that the company shall not mobilize
funds from investors. Further, the company and its directors are prohibited from issuing prospectus or any offer
document or issue advertisement for soliciting money from the public for the issue of securities, in any manner
whatsoever, either directly or indirectly, till further orders. The company and its directors are also restrained from
accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities
market, either directly or indirectly, till further directions.
The Company, its directors have further been directed not to dispose off any of the properties or alienate or
encumber any of the assets of the Company without prior permission of SEBI and not to divert any funds raised
from public at large through the issuance of the redeemable preference shares which are kept in bank account(s)
and/or in the custody of the company
The company was engaged in fund mobilizing activity through issue of Redeemable Preference Shares to more
than 49 person without complying with the relevant provisions of the Companies Act, 1956.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
August 20, 2014
page: 1 [ www.sebi.gov.in ]
Brought to you by http://StockViz.biz