Hahnemann Food Products Limited

Last updated: 12 October 2020

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The Securities and Exchange Board of India (SEBI) investigated Hahnemann Food Products Limited (HFPL) following complaints about its fundraising activities. SEBI found that HFPL had mobilised funds by issuing equity shares, potentially violating public issue regulations under the Companies Act and SEBI's ICDR Regulations. Consequently, SEBI issued an interim order to Shri Subodh Kumar Dutta and the company.

Court :
SEBI

Brief :
Securities and ExchangeBoard of India (hereinafter referred to as “SEBI”) received several complaints against Hahnemann Food Products Limited (hereinafter referred to as “HFPL”or “the Company”).

Citation :
WTM/AB/ERO|EFD1/ERO|EFD1_DRA2/9377/2020-21

WTM/AB/ERO|EFD1/ERO|EFD1_DRA2/9377/2020-21
SECURITIES AND EXCHANGE BOARD OF INDIA
FINAL ORDER
Under Sections 11(1), 11(4), 11B of Securities and Exchange Board of India Act, 1992

In respect of
Name of the Noticee :Shri Subodh Kumar Dutta
DIN :06602943
PAN :AGWPD8963F

In the matter of:
Hahnemann Food Products Limited

1. Securities and Exchange Board of India (hereinafter referred to as “SEBI”) received several complaints against Hahnemann Food Products Limited (hereinafter referred to as “HFPL” or “the Company”). Based on the same, a preliminary examination was carried out by SEBI and it was observed that HFPL had mobilized funds through issue of equity shares. Accordingly, a further examination was conducted to ascertain if HFPL had issued equity shares to the public in violation of the public issue requirements. Based on the findings of the examination, which found the prima facie violations of Sections 73 read with 67(3), 56, 60, 62 of the Companies Act, 1956 and Regulations 4(2)(d), 5, 6, 7, 25, 26, 36, 37, 46, 47 and 57 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (since repealed) (hereinafter referred to as “ICDR Regulations, 2009”) committed by the Company and its directors in the issue of equity shares, an interim order cum show cause notice dated May 22, 2019 (hereinafter referred to as “interim order”) was issued by SEBI against the following persons:

To know more in details find the attachment file

FAQ :

SEBI investigated Hahnemann Food Products Limited (HFPL) for potentially violating public issue requirements when mobilising funds through the issue of equity shares.

Shri Subodh Kumar Dutta, with DIN 06602943 and PAN AGWPD8963F, was also named in the SEBI interim order.

HFPL allegedly violated Sections 73 read with 67(3), 56, 60, 62 of the Companies Act, 1956, and various regulations of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The interim order cum show cause notice was issued by SEBI on May 22, 2019.