PR No.

142/2014

Order in the matter of M/s Vista Management Services Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order
dated December 1, 2014 in the matter of Vista Management Services Limited , inter-alia directing that the company
shall not mobilize funds from investors. Further, the company and its 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, till further orders. The company and its directors
are also restrained from accessing the securities market and further prohibited from buying, selling or otherwise
dealing in the securities market, either directly or indirectly, till further directions.
The Company and its directors have further been directed not to dispose off any of the properties or alienate or
encumber any of the assets of the Company without prior permission of SEBI and not to divert any funds raised
from public at large through the offer of Redeemable Preference shares, which are kept in bank account(s) and/or in
the custody of the company.
The company was engaged in fund mobilizing activity through issue of Redeemable Preference shares to more than
49 persons without complying with the relevant provisions of the Companies Act, 1956, read with Section 465 of the
Companies Act, 2013.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
December 03, 2014

Brought to you by http://StockViz.biz

page: 1

[ www.sebi.gov.in ]