Final order in respect of Sumana Ghosh Roy in the matter of PDS Agro Industries Limited

Last updated: 12 October 2020

Court :
SEBI

Brief :
UNDER SECTIONS 11, 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH SECTIONS 56, 60 AND 73 OF COMPANIES ACT, 1956

Citation :
WTM/AB/ERO/ERO/9380/2020-21

WTM/AB/ERO/ERO/9380/2020-21
SECURITIES AND EXCHANGE BOARD OF INDIA
FINAL ORDER
UNDER SECTIONS 11, 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH SECTIONS 56, 60 AND 73 OF COMPANIES ACT, 1956

In respect of: -

Sr. No. 1. Name of the entity : Ms. Sumana Ghosh Roy
PAN No.:AJMPG6892M

(The aforesaid entity is hereinafter referred to as Noticee no. 3)

In the matter of PDS Agro Industries Ltd.

1.SEBI had passed an ex-parte interim order cum show cause notice dated April 26, 2018 (hereinafter referred to as ‘the interim order’) against the company – PDS Agro Industries Ltd. (hereinafter referred to as ‘PAIL’/ ‘the Company’) and its directors for violation of public issue norms by the Company by issuing Redeemable Preference Shares (hereinafter referred to as ‘RPS’) to at least 850 investors in the Financial Year 2010-11 and 2011-12, thereby, illegally raising a sum of Rs. 52,82,500/-. The interim order found the Company had prima facie violated Sections 56, 60(1) and 73(1) of Companies Act, 1956. For the aforesaid violations, the interim order issued certain interim directions to the Company, its directors and its promoters, which are as under:

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