PR No.

154/2014

Order in the matter of M/s Greenworld Agro Industries Limited

Shri S Raman, Whole Time Member, SEBI, has passed an interim order dated December 4, 2014 in the matter of
Greenworld Agro Industries Limited, inter-alia directing that the company shall not mobilize funds from investors.
Further, the company and its past and 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, till further orders. The company and its past and present 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 present 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 08, 2014

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