List of Entities barred by SEBI for issuing Shares & Debentures in voilation of law

Securities Exchange Board of India (SEBI) cautions investors not to invest in ‘Debentures & Shares‘ offered by the entities that are barred by it. It has recently issued a press release on 31st December, 2015 and provided the list of such barred business entities or companies.

As per the press release, around 221 unlisted companies have been luring retail investors by issuing financial securities like Non-Convertible Debentures, Convertible Debentures, Preference Shares and Equity Shares. These unlisted companies have been found issuing the securities in the name of Private Placement and without complying with the rules & provisions of Companies Act.

These companies have not filed any ‘offer documents’ with Stock Exchanges / SEBI etc., for issuing the securities. Investors are cautioned not to subscribe to such issues. Investors are advised to see whether any such entity has filed offer document or filed application with Stock Exchange for listing.

A list of the Companies against whom orders have been passed by SEBI since 2003 till Dec 2015 is given below; Around 125 out of 221 companies have their registered offices in West Bengal.

SEBI’s list of barred Entities

Order passed in respect of Deemed public issues as on December 15,2015 
Sr. No.Name of the EntityRegistered Office of the EntityDate of Order
1 Kunnamkulam Paper Mills LtdKerala10.04.2003
2Sahara India Real Estate Corporation LtdUttar Pradesh23.06.2011
3Sahara Housing Investment Corporation LtdMaharshtra23.06.2011
4SGI Research & Analysis Ltd.Delhi11.01.2013
5Prayag Infotech Hi-Rise LimitedWest Bengal18.02.2014
6Vibgyor Allied Infrastructure LtdWest Bengal20.02.2014
7Kolkata Weir Industries LimitedWest Bengal30.04.2014
8Ramel Industries LtdWest Bengal15.05.2014
9Idol India Infrastructures LimitedMadhya Pradesh19.05.2014
10Seashore Securities LtdOdisha23.07.2014
11Sunplant Constructions LimitedWest Bengal24.07.2014
12I core E Services LtdWest Bengal25.07.2014
13Ramel Real Estate Infrastructure LtdWest Bengal06.08.2014
14MBK Business Development (India) LimitedWest Bengal07.08.2014
15Falkon Industries India LimitedWest Bengal08.08.2014
16Ravi Kiran Realty India LimitedWest Bengal08.08.2014
17Multi-Purpose Bios India LimitedWest Bengal14.08.2014
18Progress Cultivation LimitedWest Bengal14.08.2014
19Amrit Projects (N.E) LimitedAssam22.08.2014
20Amrit Projects LimitedWest Bengal09.09.2014
21SEBA Real Estate LimitedAssam10.09.2014
22Regenix Drugs LimitedTamil Nadu10.11.2014
23Real Tulip India LimitedMadhya Pradesh11.11.2014
24Micro Leasing and funding LtdOdisha21.11.2014
25Angel Rural Development LimitedMadhya Pradesh21.11.2014
26Prism Infracon LimitedWest Bengal24.11.2014
27NVD Solar LimitedWest Bengal27.11.2014
28Sampriti Projects LimitedWest Bengal28.11.2014
29Swarnabhumi Developers LimitedWest Bengal02.12.2014
30Bharatiya Real Estate Development LtdWest Bengal02.12.2014
31SLB Invest (India) LimitedOdisha03.12.2014
32Mass Infra Realty LimitedWest Bengal04.12.2014
33Midas Touch Assets & Securities LimitedOdisha09.12.2014
34Mondal Constructions Company LimitedWest Bengal15.12.2014
35Option One Industries LtdMadhya Pradesh16.12.2014
36Vaibhav Pariwar India Projects LimitedWest Bengal29.12.2014
37Silicon Projects LimitedWest Bengal06.01.2015
38Golden Life Agro India LimitedWest Bengal07.01.2015
39Dynamic Asset Management LimitedOdisha09.01.2015
40Micro Finance LtdOdisha14.01.2015
41MPA Agro – Animals Projects LtdWest Bengal21.01.2015
42Chakra Infrastructure LimitedWest Bengal29.01.2015
43Krutibibha Corporation LimitedOdisha29.01.2015
44Vikdas Industries Ltd.West Bengal29.01.2015
45Prayas Projects India LimitedWest Bengal30.01.2015
46Amazan Agro Products LimitedWest Bengal30.01.2015
47Sarada Pleasure and Adventure LimitedBihar02.02.2015
48Basil International LimitedDelhi06.02.2015
49Greater Kolkata Infrastructure LimitedWest Bengal06.02.2015
50Hooghly Agrotech LimitedWest Bengal11.02.2015
51Sukhchain Hire Purchase LimitedMadhya Pradesh11.02.2015
52Adamant Infrastructure LtdMadhya Pradesh11.02.2015
53Suvidha Land Developers India LimitedMadhya Pradesh12.02.2015
54ATM Agro Industries India LimitedWest Bengal12.02.2015
55ATM Agro Projects India LimitedWest Bengal12.02.2015
56Rightmax Technotrade International LimitedKarnataka20.02.2015
57GBC Enterprise LimitedWest Bengal20.02.2015
58Nirmal Infrahome Corporation LtdMadhya Pradesh20.02.2015
59Dreamland Industries LtdWest Bengal24.02.2015
60Tribhuvan Agro projects LtdWest Bengal24.02.2015
61Target People Social Security Scheme Micro Finance LtdTamil Nadu04.03.2015
62Fishermen Development Micro Finance Ltd.Tamil nadu04.03.2015
63ERIL Mutual Benefit India LimitedJharkhand04.03.2015
64Promotech Infratech LimitedWest Bengal05.03.2015
65Mega Mould India LimitedWest Bengal05.03.2015
66Asoka Life Science LimitedWest Bengal11.03.2015
67Golden Heaven Agro Project india LimitdWest Bengal12.03.2015
68Maxbe Green Provision LimitedWest Bengal13.03.2015
69Jeevan Suraksha Real Estate Limited West Bengal13.03.2015
70Real Sunshine Corp Limited and its DirectorsMadhya Pradesh13.03.2015
71Rista Fisheries & Infrastructure LimitedWest Bengal16.03.2015
72Cell Industries LimitedWest Bengal17.03.2015
73Astha Green Energy Ventures India Ltd.Telangana17.03.2015
74Sunshine Hi-Tech Infracon Ltd.Gujarat17.03.2015
75GSHP Realtech LimitedWest Bengal18.03.2015
76Astha Techno Realty India LimitedWest Bengal19.03.2015
77MARS Agrofarm Developers LimitedWest Bengal19.03.2015
78Goldmine Food Products LimitedWest Bengal19.03.2015
79SCL Steel Corporation LilmitedMadhya Pradesh19.03.2015
80Infocare Infra LimitedWest Bengal19.03.2015
81URO Hygeinic Goods LimtedWest Bengal19.03.2015
82URO Infotech LimitedWest Bengal19.03.2015
83URO Life care LimitedWest Bengal19.03.2015
84URO Walkers LimitedWest Bengal19.03.2015
85URO Infra Realty India LimitedWest Bengal19.03.2015
86Real Agri Industries & Services LimitedWest Bengal20.03.2015
87Tresty Securities LtdOdisha20.03.2015
88Everlight Realcon Infrastructure LtdJharkhand20.03.2015
89KKDIL Nidhi Ltd.Odisha20.03.2015
90Rhine & Raavi Credits and Holdings LimitedDelhi27.03.2015
91Shivalik Cotex LtdDelhi27.03.2015
92Green India Infra Projects LtdOdisha27.03.2015
93Equinox Infratech LimitedMadhya Pradesh30.03.2015
94Morningstar Ventures LimitedWest Bengal30.03.2015
95Fantasy Infraventure & Agrimart LimitedUttar Pradesh30.03.2015
96Affiance Industries LimitedWest Bengal31.03.2015
97I-Nova Solutions LimitedWest Bengal31.03.2015
98Polaris Agro Industries LimitedWest Bengal01.04.2015
99Mangalam Agro Products LimitedWest Bengal06.04.2015
100Pious Agro Industries LimitedWest Bengal17.04.2015
101Angela Agrotech LimitedWest Bengal21.04.2015
102Mount Vision Industries India LtdMadhya Pradesh22.04.2015
103Sankalp Projects LimitedWest Bengal24.04.2015
104Nixcil Pharmaceuticals Specialities LimitedUttar Pradesh24.04.2015
105Phenix Properties LimitedAssam24.04.2015
106Sunplant Forgings LimitedWest Bengal29.04.2015
107Great Overseas Commodeal LimitedWest Bengal06.05.2015
108Bishal Horticulture & Animal Projects LimitedWest Bengal06.05.2015
109Bishal Distillers LimitedWest Bengal06.05.2015
110Bishal Agri–Bio Industries LimitedWest Bengal06.05.2015
111Bishal Abasan India LimitedWest Bengal06.05.2015
112Suraksha Industries India LimitedBihar07.05.2015
113Nava Diganta Capital Services LimitedOdisha07.05.2015
114Waris Healthcare LimitedWest Bengal07.05.2015
115Subha Commercial Services LimitedTripura08.05.2015
116MRS Agrotech India LimitedMadhya Pradesh08.05.2015
117RBX Land Developers India LimitedMadhya Pradesh12.05.2015
118Gulshan Nirman India LimitedChhattisgarh12.05.2015
119Wasankar Wealth Management LimitedMaharashtra18.05.2015
120Verinder Finance LtdJammu & Kashmir20.05.2015
121Amazan Capital LimitedWest Bengal25.05.2015 & 29.05.2015
122Dolphin Universal Rural Development LimitedMadhya Pradesh27.05.2015
123Cemendia Infrastructures LimitedMadhya Pradesh29.05.2015
124Sun-Plant Business LimitedWest Bengal03.06.2015
125Neesa Technologies LimitedGujarat03.06.2015
126ASSR Agro India LimitedWest Bengal04.06.2015
127STPL Infrastructures LimitedMadhya Pradesh05.06.2015
128AVM Real Estate & Allied LimitedChhattisgarh05.06.2015
129Polaris Realtors India LimitedMadhya Pradesh15.06.2015
130Bhabiswajyoti Infrastructure India LimitedMadhya Pradesh17.06.2015
131Gitanjali Udyog LimitedWest Bengal17.06.2015
132Cell Realcon Corporation LimitedMadhya Pradesh17.06.2015
133Eris Energy LimitedMadhya Pradesh18.06.2015
134Greenbang Agro LimitedWest Bengal18.06.2015
135Goldmine Agro LimitedWest Bengal19.06.2015
136Goldmine Industries LimitedMadhya Pradesh22.06.2015
137Omisha Agri Industries (India) LimitedMadhya Pradesh22.06.2015
138Waris Finance and Investment LimitedWest Bengal23.06.2015
139Jugantor Realty LimitedWest Bengal23.06.2015
140Matribhumi Projects (I) LimitedWest Bengal23.06.2015
141Annex Infrastructure India LimitedWest Bengal24.06.2015
142Active Rural Development India LimitedMadhya Pradesh25.06.2015
143United Medicine and Surgical Industries LimitedWest Bengal25.06.2015
144Angel Allied India LimitedPunjab29.06.2015
145Life Care Infrastructures India LimitedMadhya Pradesh29.06.2015
146Vishwamitra International Infra LtdMadhya Pradesh30.06.2015
147Shah Group Builders LtdMaharashtra01.07.2015
148Megasys Healthcare Limited                                  Madhya Pradesh02.07.2015
149Aspen Nirman India LimitedMadhya Pradesh15.07.2015
150Siyaram Development and Construction LimitedKarnataka17.07.2015
151Swasata Steel Industries LimitedWest Bengal17.07.2015
152Madurai Rural Development Transformation India LimitedTamil Nadu17.07.2015
153Madurai Rural Development Benefit Fund (India) Limited  Tamil Nadu17.07.2015
154Swasata Cement LimitedWest Bengal21.07.2015
155Togo Retail Marketing LimitedDelhi22.07.2015
156Pinnacle Ventures India LimitedWest Bengal24.07.2015
157Weird Infrastructure Corporation LimitedUttar Pradesh24.07.2015
158Pailan Park Development Authority LimitedWest Bengal27.07.2015
159Pailan Agro India LimitedJammu& Kashmir27.07.2015
160DGR Farms & Leisures LtdMadhya Pradesh30.07.2015
161Kerala Housing Finance LimitedKerala31.07.2015 & 20.11.2015
162Rising Agrotech LimitedWest Bengal03.08.2015
163Alchemist Capital Limited (formerly known as Toubro Holdings Limited)Chandigarh03.08.2015
164Kolkata Aryan Food Industries LimitedWest Bengal03.08.2015
165PAFL Industries LimitedWest Bengal05.08.2015
166Eminence Infra Projects LimitedWest Bengal06.08.2015
167Rahul Inn Hospitality LimitedBihar06.08.2015
168Skymarg Agro Industries India LimitedWest Bengal07.08.2015
169Astha India Infra-tech LimitedWest Bengal11.08.2015
170Aryan Agro Projects India LimitedWest Bengal12.08.2015
171Magnox Infraprojects LimitedWest Bengal13.08.2015
172Alchemist Holdings LtdDelhi14.08.2015
173Torsa Agro projects LtdWest Bengal14.08.2015
174Aspen Projects India LimitedWest Bengal14.08.2015
175Aditya Global Industries LimitedWest Bengal19.08.2015
176Waris Agrotech (India) LimitedWest Bengal24.08.2015
177Purusattam Infotech Industries LimitedWest Bengal25.08.2015
178Sunshine Infrabuild Corporation LtdDelhi04.09.2015
179Life Care Infra Tech LimitedUttar Pradesh14.09.2015
180Federal Agro Commercial LimitedOdisha29.09.2015
181BNP Real Estate and Allied LtdMadhya Pradesh29.09.2015
182Adorable Agrotech Ltd.West Bengal01.10.2015
183Rahul Hi Rise LimitedWest Bengal01.10.2015
184Sunheaven Agro India LimitedWest Bengal08.10.2015
185Vaastav ALR International LimitedWest Bengal09.10.2015
186Bharat Krishi Samridhi Industries LimitedWest Bengal09.10.2015
187Shine India Infra Project LimitedWest Bengal09.10.2015
188Idol India Projects LimitedWest Bengal09.10.2015
189Greenworld Agro Industries Limited [earlier known as Bangadisha Projects Limited)West Bengal12.10.2015
190Suraksha Agrotech Industries LimitedWest Bengal12.10.2015
191Just Reliable Projects India LtdWest Bengal13.10.2015
192Abyss Assam Real Estate LimitedAssam13.10.2015
193Orchid Cultivation Projects India LimitedWest Bengal15.10.2015
194Yash Dream Real Estate Ltd.Chhattisgarh 15.10.2015
195Newland Agro Industries LimitedWest Bengal19.10.2015
196Infinity Realcon LimitedWest Bengal19.10.2015
197Megasys Medi Life LtdWest Bengal19.10.2015
198Weird Industries LimitedWest Bengal21.10.2015
199En Aromatic & Petro Chemicals Limited ( earlier known as Vamshi  Chemicals Limited)Delhi04.11.2015
200AapnaPariwar Agro Farming Developers India LimitedWest Bengal09.11.2015
201Vasundhara Realcon LimitedWest Bengal10.11.2015
202United Cosmetics Manufacturing (I) LimitedWest Bengal20.11.2015
203Suncity Infracon Corporation (India) LimitedAssam20.11.2015
204Helios Corporation LtdBihar20.11.2015
205Helios Chemicals LimitedBihar20.11.2015
206GreenTouch Projects LimitedWest Bengal01.12.2015
207Digstar Projects LimitedWest Bengal01.12.2015
208Suraksha Family Services LimitedWest Bengal01.12.2015
209IMAX Projects India LimitedWest Bengal01.12.2015
210Ramel Pharma LimitedWest Bengal02.12.2015
211Arcava Enterprises LimitedWest Bengal02.12.2015
212Swabhumi Real Estate India LimitedWest Bengal02.12.2015
213G R Agro Project LimitedWest Bengal03.12.2015
214Regal Hitech Agro Projects (India) LimitedWest Bengal03.12.2015
215Life Care Real Developers LimitedDelhi09.12.2015
216Adarsh Wealth Ventures LimitedOdisha10.12.2015
217AM Fund Managers LimitedOdisha10.12.2015
218Real Vision International LimitedOdisha10.12.2015
219Vista Management Services LimitedOdisha11.12.2015
220Hum Projects LimitedWest Bengal11.12.2015
221Moonlight Associates LimitedAssam15.12.2015

Whom should you contact for grievance redressal?

If you have been duped by any of the above entities, you may follow below steps to share your feedback.

Kindly note that Stock exchanges and regulators like SEBI (SEBI Complaint Redress System Website –SCORESonly consider complaints related to listed companies. However, you can file a complaint about Bonds, Debentures and unlisted companies with the Ministry of Corporate Affairs (MCA). The Ministry of Corporate Affairs accepts complaints against listed and unlisted companies.

How and where to lodge a complaint related to bonds, debentures & shares of listed and unlisted companies online?

  • Kindly first send a written complaint to the concerned company. In case if you do not get a satisfactory response, you can file an online complaint on MCA portal.
  • Click here to visit MCA portal.ministry of corporate affairs lodge complaint online SEBI pic
  • You can also submit e-form (investor complaint e-form). Click here to submit e-form. The eForm will be sent to the respective ROC (Registrars of Companies) office where the concerned company is registered. (While submitting eform, you have to provide CIN-Company Identification Number. Click here to know CIN)How to lodge complaint unlisted company bonds debentures ministry of corporate affairs pic
  • In case of filing complaint against a NBFC (Non-Banking Finance Company), file the complaint also with the RBI. In case of filing complaint against listed companies, file the complaint with SEBI also (on SCORES platform).

(Image courtesy of Stuart Miles at (Source : SEBI’s Press release)

About The Author

  • Madhu Lalji says:

    Dear Sir,
    Srei equipment Finance LTD. NCD open from 3-1-17 to 20-1-17.Where we filled the application.selected monthly interest with 3 years locking period(II series). When the paper came to me at that time option I i.e.400 days paper sent to us.
    We immediately inform the Karvy office in Pondicherry and Kolkata office sent the letter all went to vain nothing is being looked after.
    In this case what shall we do we need our money back now.
    But they do not hear even though there mistake ,but we are penalized for nothing.

  • Sarat Kumar Parida says:

    Thank you very much Reddy Sir for your helpfull
    Sir, M/S RHINE AND RAAVI CREDITS AND HOLDINGS LTD. has not refunded my debenture amount. I have gone through RBI,NEW DELHI and my application has been forwarded by RBI to ROC,NEW DELHI before 6 months but till now I hava not received any communication from ROC. Pl. help me in this regards ,
    Thanking you sir.

  • mahidhar says:

    thank you for sharing this info

  • Nur alom says:

    Sir me ek advisar omisha agri industree ka mera 20 lakh invastore muje marne ate hai mera paysa dila dije mera name nuralom me assam me rehta hun

  • Parveen Kumar Panchal says:

    Respected Sir,

    This is Parveen Panchal From Karnal Haryana, We have invest in NICL Company of Rs. 150000/- in Fix Deposit, But Now The Company had Closed, I am in very serious trouble Sir, Plz help me how to get our money back from the company.

  • bharat mathur says:

    dear sir
    as i saw the information regarding the bar company list i am very scared about my investment in nicl ncd sir
    please help me there are 10 lac rupees we have invested in nirmal infrahome corporation N.C.D and in rajesthan there is no office situated and we are not getting our maturity so please suggest us what should we do. and how can we get our money back

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