Scribd Logo
Upload

Welcome to Scribd!

  • PR - Order in The Matter of M/s Tribhuvan Agro Project Limited

    Uploaded by

    Shyam Sunder
    10 views1 page
    SEBI has issued an interim order directing Tribhuvan Agro Project Limited to not mobilize funds from investors through securities and prohibiting the company and its directors from issuing prospectus, advertisements, or dealing in securities until further notice. The company and its directors are also restrained from disposing company properties or diverting funds raised from public without SEBI permission. The debenture trustee for Tribhuvan Agro Project Limited's NCD issue has also been prohibited from continuing in his role or taking new assignments until further directions from SEBI. The order follows Tribhuvan Agro Project Limited's fund mobilization activities through preference shares and debentures not complying with relevant laws.

    Original Description:

    Original Title

    PR - Order in the matter of M/s Tribhuvan Agro Project Limited

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    SEBI has issued an interim order directing Tribhuvan Agro Project Limited to not mobilize funds from investors through securities and prohibiting the company and its directors from issuing prospectus, advertisements, or dealing in securities until further notice. The company and its directors are also restrained from disposing company properties or diverting funds raised from public without SEBI permission. The debenture trustee for Tribhuvan Agro Project Limited's NCD issue has also been prohibited from continuing in his role or taking new assignments until further directions from SEBI. The order follows Tribhuvan Agro Project Limited's fund mobilization activities through preference shares and debentures not complying with relevant laws.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views1 page

    PR - Order in The Matter of M/s Tribhuvan Agro Project Limited

    Uploaded by

    Shyam Sunder
    SEBI has issued an interim order directing Tribhuvan Agro Project Limited to not mobilize funds from investors through securities and prohibiting the company and its directors from issuing prospectus, advertisements, or dealing in securities until further notice. The company and its directors are also restrained from disposing company properties or diverting funds raised from public without SEBI permission. The debenture trustee for Tribhuvan Agro Project Limited's NCD issue has also been prohibited from continuing in his role or taking new assignments until further directions from SEBI. The order follows Tribhuvan Agro Project Limited's fund mobilization activities through preference shares and debentures not complying with relevant laws.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    PR No.

    46/2015

    Order in the matter of M/s Tribhuvan Agro Project Limited

    Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order
    dated February 24, 2015in the matter of Tribhuvan Agro Project Limited, inter-alia directing that the company shall
    not mobilize funds from investors through issue of securities. 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 and 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 offer of Offer of Redeemable Preference Shares and Secured Redeemable Non
    Convertible Debentures (NCDs), which are kept in bank account(s) and/or in the custody of the company.

    Also, Debenture Trustee viz. Tribhuvan Agro Debenture Trust (represented by its Trustees, viz. Shri Sukumar
    Mondal, Shri Sanjay Nayak, Shri Sujit Kumar Goswami, Shri Rajib Das and Shri Mohammed Sunwas Ali), is
    prohibited from continuing with his present assignment as debenture trustee in respect of the issue of NCDs of the
    company and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a
    similar capacity, from the date of this order till further directions.

    The company was engaged in fund mobilizing activity through issue Redeemable Preference Shares and NCDs, to

    more than 49 persons without complying with the relevant provisions of the Companies Act, 1956, read with
    SEBI (ILDS) Regulations, 2008 and SEBI (ICDR) Regulations, 2013.
    The full text of the order is available on the website: www.sebi.gov.in

    Mumbai
    February 27, 2015

    Brought to you by http://StockViz.biz

    page: 1

    [ www.sebi.gov.in ]

    You might also like