sebi:WTM/RKA/EFD/137/2016
Facts / Headnote
Interim order cum show cause notice dated May 12, 2015 disposed of; directions issued for refund of money with 15% interest, market access restrictions, and association bans
Provisions invoked
- s. 19
- s. 73
- s. 28A
- s. 67(3)
- s. 56
- s. 291
- s. 60
- s. 2(60)
- s. 56(1)
- s. 56(4)
- s. 40(3)
Regulations relied on
- Companies Act, 1956
- Companies Act, 2013
- SEBI (Debt Securities) Regulations, 2008
Parties
- RBX Land Developers India Limited
- Mr. Kishore Rai
- Mr. Arjun Singh
- Mr. Shankar Singh
- Mr. Raghuveer Singh Sisodiya
- Mr. Hari Rathore Singh
Holding
The Noticees failed to comply with the Companies Act, 1956 (read with Companies Act, 2013) and ILDS Regulations in respect of public issues of debentures by RBX during FY 2009-10 to 2014-15, and are directed to jointly and severally refund Rs. 11.98 Crore with 15% interest to 10,688 investors, with market access and association restrictions imposed for four years or till refund, whichever is later.
Full text
_________________________________________________________________________ Order in the matter of RBX Land Developers India Limited Page 2 of 8
_________________________________________________________________________ Order in the matter of RBX Land Developers India Limited Page 3 of 8
_________________________________________________________________________ Order in the matter of RBX Land Developers India Limited Page 4 of 8
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Source: SecMarx — sebi:WTM/RKA/EFD/137/2016. 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.