PR No.
96/2015
Order in the matter of M/s Real Agri Industries &
Services Ltd.
Shri S Raman, Whole Time Member, Securities and Exchange
Board of India (SEBI), has passed an order dated March 20, 2015 in the matter
of M/s Real Agri Industries & Services 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
