PR No.
\n96\/2015 <\/p>\n

Order in the matter of M\/s Real Agri Industries &
\nServices Ltd.<\/strong><\/p>\n

Shri S Raman, Whole Time Member, Securities and Exchange
\nBoard of India (SEBI), has passed an order dated March 20, 2015 in the matter
\nof M\/s Real Agri Industries & Services Ltd. <\/strong>directing inter-alia
\nthat the company shall not mobilize funds from investors and that the company
\nand its directors are prohibited from issuing prospectus or any offer document
\nor issue advertisement for soliciting money from the public for the issue of
\nsecurities, in any manner whatsoever, either directly or indirectly, till
\nfurther directions.<\/p>\n

The Company, its past and present directors have further
\nbeen directed not to dispose off any of the properties or alienate the assets
\nof the Company or dispose off any of their properties or alienate their assets
\nand not to divert any funds raised from public at large through the issuance of
\nthe impugned securities, kept in its bank accounts and\/or in the custody of the
\ncompany without prior permission of SEBI, until further orders. <\/p>\n

The company was engaged in fund mobilizing activity through
\nissue of Preference Shares to more than 49 persons without complying with the
\nprovisions of the Companies Act, 1956.<\/p>\n

The full text of the SEBI order<\/a> is available on the website: www.sebi.gov.in<\/a><\/p>\n

Mumbai<\/p>\n

April 01, 2015<\/p>\n","protected":false},"excerpt":{"rendered":"

PR No. 96\/2015 <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[129],"class_list":["post-1296","post","type-post","status-publish","format-standard","hentry","category-investment","tag-order"],"yoast_head":"\n