sebi:WTM/PS/27/ERO/JULY/2014
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Facts / Headnote
Interim restraint on mobilizing funds, issuing prospectus/offer documents/advertisements, disposing/alienating assets, diverting funds and accessing securities market; direction to cooperate and furnish specified information/documents within 30 days; liberty to file objections within 21 days and seek personal hearing.
Provisions invoked
- s. 11A
- s. 11
- s. 19
- s. 11(1)
- s. 21
- s. 55A
- s. 73
- s. 4A
- s. 67(3)
- s. 32
- s. 73(1)
- s. 2(36)
- s. 60
- s. 73(2)
- s. 56(1)
- s. 73(3)
Regulations
- Reg. 7
- Reg. 107
- Reg. 57
- Reg. 25
- Reg. 6
- Reg. 4(2)
- Reg. 3
- Reg. 59
- Reg. 36
- Reg. 46
- Reg. 47
- Reg. 5
Parties
- ICore E Services Limited
- Anukul Maiti
- Kanika Maiti
- Swapan Kumar Roy
- Radhashyam Giri
- Tapan Kumar Chatterjee
- Saral Ranjan Gupta
- Amal Bhattacharya
- Chandan Dey
- Mahadeb Sen
Holding
SEBI prima facie held the Company's equity issues and share application money collections during 2007-2011 were deemed public issues in contravention of the Companies Act, DIP Guidelines and ICDR Regulations, and restrained the Company, its promoters and directors from mobilizing public funds, disposing assets and accessing the securities market pending further examination.
Full text
Page 2 of 16 1. Copy of Prospectus/Red Herring Prospectus/Statement in lieu of prospectus/Information memorandum filed with RoC for issuance of debentures/preference shares.
Page 3 of 16 sought by SEBI from the Company, SEBI also requested RoC to forward copy of the Return of Allotment as filed by the Company in respect of its issuance of securities.
Page 4 of 16 information provided by the RoC, Mr. Anukul Maiti (Managing Director), Ms. Kanika Maiti, Mr. Amal Bhattacharya (as per document furnished by RoC, the said person was a director in the Company from 15.02.2008 to 15.09.2009 ) and Mr. Swapan Kumar Roy were the directors of the Company.
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Source: SecMarx — sebi:WTM/PS/27/ERO/JULY/2014. 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.