sebi:WTM/PS/78/ERO/MAR/2015
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Facts / Headnote
All directions issued vide the SEBI Order dated July 25, 2014 confirmed against the company and its promoters/directors
Provisions invoked
- s. 19
- s. 73
- s. 67(3)
- s. 73(1)
- s. 2(36)
- s. 60
- s. 73(2)
- s. 56(1)
- s. 73(3)
Regulations
- Reg. 7
- Reg. 36
- Reg. 25
- Reg. 47
- Reg. 46
- Reg. 107
- Reg. 57
- Reg. 6
- Reg. 4(2)
- Reg. 3
- Reg. 5
Parties
- ICore E-Services Limited
- Mr. Anukul Maiti
- Mrs. Kanika Maiti
- Mr. Swapan Kumar Roy
- Mr. Radhashyam Giri
- Mr. Tapan Kumar Charterjee
- Mr. Saral Ranjan Sengupta
- Mr. Amal Bhattacharya
- Mr. Chandan Dey
- Mr. Mahadeb Gayan
Holding
The directions issued by SEBI vide its Order dated July 25, 2014 restraining ICore E-Services Limited and its promoters/directors from mobilizing funds, issuing offer documents, disposing of assets, diverting public funds, accessing the securities market, and requiring cooperation with SEBI are confirmed. The company and its promoters/directors failed to file objections or appear for personal hearing.
Full text
Page 2 of 11 its promoters/directors do not continue to collect public funds in contravention of the law and to ensure that public funds are not diverted, it became necessary for SEBI to intervene and issue suitable directions vide the SEBI Order.
Page 3 of 11 (b) Audited Balance Sheets for the periods 2009-2010, 2010-2011, 2012-2013 and 2013-2014. (c) Correct and complete information regarding amount raised through issue of equity shares/debentures/preference shares/ any other security from incorporation of the Company till date, including the number of investors from whom such money was mobilized. (d) Reconciliation of `5.5 crore as mentioned in the paragraph 8 above, along with documents in support thereof.
Page 4 of 11 documents which they may wish to place before SEBI, within a period of two weeks from the said date. No reply was received within the time so granted.
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Source: SecMarx — sebi:WTM/PS/78/ERO/MAR/2015. 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.