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PRASHANT SARAN, WHOLE TIME MEMBER ORDER Under sections 11(1), 11(4), 11A and 11B of the Securities and Exchange Board of India Act, 1992. SEBI had observed that the company, Progress Cultivation Limited was prima facie engaged in fund mobilizing activity from the public through its offer and issue of RPSs. The interim order observed that the company and its directors had violated the provisions of sections 56, 60 read with section 2(36), 73 of the Companies Act,
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Оригинальное название
Order in the matter of Progress Cultivation Limited
PRASHANT SARAN, WHOLE TIME MEMBER ORDER Under sections 11(1), 11(4), 11A and 11B of the Securities and Exchange Board of India Act, 1992. SEBI had observed that the company, Progress Cultiva…