PR No.

157/2015

Interim order cum Show cause notice in the matter of Bhabiswajyoti Infrastructure India Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has prima-facie found that
Bhabiswajyoti Infrastructure India Limited ("Company") having its registered office at Bardadeeh Chowk, Mukhtiyar
Gang, Rama Krishna Aasram, Satna-485001 (Madhya Pradesh) has been illegally raising money from public and
accordingly passed an interim order dated June 17, 2015 against the company and its directors, Mr. Pradipta
Chakraborty, Mr. Srikumar Chakraborty, Mr. Gopal Sharma, Mr. Prashant Sharma, Ms. Soma Sharma, Mr. Arindam
Mukherjee, Mr. Mahindra Nath Chowdhury, Mr. Mahesh Shaw and its Debenture Trustee, viz. Bhabiswajyoti
Debenture Trust (represented by its trustee, viz. Mr. Sanjoy Chaudhuri). The Order, inter-alia directs as under:
The company shall forthwith cease to mobilize any fresh funds from investors through the Offer of Nonconvertible Redeemable Secured Debentures ("NCDs") or through the issuance of equity shares or any other
securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly.
The company and its past/present directors are prohibited from issuing prospectus or any offer document or
issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever,
either directly or indirectly.
The company and its past/present directors, are restrained from accessing the securities market and further
prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly.
The company and its directors shall not dispose off any of the properties or alienate or encumber any of the
assets owned/acquired by the company through the offer of Non-Convertible Redeemable Secured
Debentures ("NCDs").
The company and its present directors shall not divert any funds raised from public at large through the Offer
of NCDs, which are kept in bank account(s) and/or in the custody of the company.
The Debenture Trustee, viz. Bhabiswajyoti Debenture Trust is prohibited from continuing with his present
assignment as debenture trustee in respect of the Offer of NCDs of the company and also from taking up any
new assignment or involvement in any new issue of debentures, etc. in a similar capacity.
The company was engaged in fund mobilizing activity from the public through Offer of NCDs without complying with
the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities)
Regulations, 2008.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
June 18, 2015

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