PR No.

280/2015

Order against the past director of M/s Bharat Krishi Samridhi Industries Ltd.

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order
dated November 20, 2015 against the past director of Bharat Krishi Samridhi Industries Limited (BKSIL), viz.
Basir Uddin Khan inter-alia directing that Basir Uddin Khan is 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 abovementioned past Director of BKSIL is 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;
Further, the abovementioned past Director of BKSIL shall provide a full inventory of all his assets and properties.

The company was engaged in fund mobilizing activity through issue of Secured Non Convertible
Redeemable Debentures (NCD) and issue of Redeemable Preference Shares (RPS) to more than 49
persons without complying with relevant provisions of the Companies Act, 1956, SEBI Act,1992 and SEBI
(ILDS) Regulations 2008.The above mentioned person was earlier a Director of BKSIL during the offer of
NCD and RPS by BKSIL.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
November 30, 2015

page: 1

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