sebi:WTM/MPB/EFD-1-DRA-IV/53/2018
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Facts / Headnote
WRL and its directors held liable for violating sections 56(1), 56(3), 2(36) read with 60, 73(1), 73(2), 73(3) of the Companies Act, 1956; directed to jointly and severally refund Rs. 117.76 Lakh with 15% per annum interest to investors; asset inventories ordered; interim directions against Smt Pampa Gain Tarafdar revoked.
Provisions invoked
- s. 19
- s. 55A
- s. 73
- s. 28A
- s. 4A
- s. 67(3)
- s. 67
- s. 56
- s. 73(2)
- s. 67(1)
- s. 73(1)
- s. 2(36)
- s. 60
- s. 27(2)
- s. 56(1)
- s. 56(3)
- s. 67(2)
- s. 56(4)
- s. 73(3)
Regulations
- Reg. 107
Holding
WRL's offer of RPS to 708 investors was a deemed public issue under section 67(3) of the Companies Act, 1956, and WRL and its directors violated sections 56(1), 56(3), 60, 73(1), 73(2) and 73(3) of that Act; they are jointly and severally liable to refund Rs. 117.76 Lakh with 15% per annum interest to investors.
Full text
Order in the matter of Win Realcon Limited Page 2 of 27 1. Win Realcon Limited (hereinafter referred to as “WRL”/ “the Company”) is a Public company incorporated on February 25, 2011 and registered with Registrar of Companies– Kolkata with CIN: U45400WB2011PLC159851. Its registered office is at 96/1 S. N. Banerjee Road, Barrackpore, Kolkata - 700120.
Order in the matter of Win Realcon Limited Page 3 of 27 Year of Issue Security Issued Amount raised (Rs.) (in lakh) Number of allottees 2011-2012 RPS 45.17
Order in the matter of Win Realcon Limited Page 4 of 27 Ganguly (PAN: AKDPG9372N; DIN: 03606625),Smt Pampa Gain Tarafdar (PAN: ALVPT8299E; DIN: 03606630),Smt Juthika Banerjee (PAN: AXAPB2104R; DIN: ),Shri Samit Debnath (PAN: AVPPD1087N; DIN: ),Shri Samit Debnath (PAN: ; DIN: ), (PAN: ; DIN: ), 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;
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Source: SecMarx — sebi:WTM/MPB/EFD-1-DRA-IV/53/2018. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.