PR No.

278/2015

Order against the past director of M/s Rising Agrotech 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 director of Rising Agrotech Limited (RAL), viz. Lina Kayal inter-alia
directing that Lina Kayal 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 RAL 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 RAL shall provide a full inventory of all his assets and properties.
The company was engaged in fund mobilizing activity through issue of Preference Shares to more than 49 persons
without complying with relevant provisions of the Companies Act, 1956 and the SEBI Act, 1992.
The above mentioned person was earlier a Director of RAL during the offer of preference shares by RAL
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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