PR No.

92/2015

Order in the matter of M/s Adarsh Wealth Ventures Ltd

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated
March 19, 2015 in the matter of M/s Adarsh Wealth Ventures Ltd directing inter-alia that the company shall not
mobilize funds from investors and that 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 directions.
The Company, its past and present directors have further been directed not to dispose off any of the properties or
alienate the assets of the Company or dispose off any of their properties or alienate their assets and not to divert
any funds raised from public at large through the issuance of the impugned securities, kept in its bank accounts
and/or in the custody of the company without prior permission of SEBI, until further orders.
The company was engaged in fund mobilizing activity through issue of Preference Shares to more than 49 persons
without complying with the provisions of the Companies Act, 1956.
The full text of the SEBI order is available on the website: www.sebi.gov.in

Mumbai
April 01, 2015

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