PR No.

279/2015

Order against the past directors of M/s Sun-Plant Business Limited

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order dated
November 20, 2015 against the past directors of Sun-Plant Business Limited (SBL), viz. Shri Girija Shankar Kumar
and Shri Awdhesh Kumar Singh inter-alia directing that the above mentioned 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 abovementioned past Directors of SBL are 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 Directors of SBL shall provide a full inventory of all his assets and properties.
The company was engaged in fund mobilizing activity through issue of Redeemable Preference Shares (RPS) to
more than 49 persons without complying with relevant provisions of the Companies Act, 1956 and the SEBI Act, the
DIP Guidelines (read with ICDR Regulations)
The above mentioned persons were earlier Directors of SBL during the offer of RPS by SBL.
The full text of the order is available on the website: www.sebi.gov.in

Mumbai
November 30, 2015

page: 1

[ www.sebi.gov.in ]