PRESS RELEASE - SEBI

June 19, 2015
PR No. 161/2015

Order in the matter of M/s Capacious Farming Limited

Shri Prashant Saran, Whole Time Member, SEBI, has passed an order on June 16,2015 under Sections 11 and 11B of the Securities and Exchange Board of India Act, 1992 read with Regulations 65 and 73 of Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 issuing the following directions in the matter of M/s Capacious Farming Pvt Limited:
 
The company namely, M/s Capacious Farming Pvt Limited and its directors including Mr. Gaurav Yadav , Mr.Gurbakhsh Singh and Ms. Narmin Kaur Yadav :

  • Shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the schemes which have been identified as a Collective Investment Scheme in this order.
  • Are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.
  • Shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of this order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.
  • Shall not alienate or dispose off or sell any of the assets of Capacious Farming Pvt. Limited except for the purpose of making refunds to its investors as directed in the order. 
  • Are directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/securities, if held in physical form.

Capacious Farming Limited. was running a scheme/arrangement of selling of animals/livestock/cattle/ pigs/ goats on instalments and mobilizing funds from investors / public under its schemes without being registered with SEBI and as a result of the aforesaid activity has violated provisions of the SEBI Act and SEBI (Collective Investment Schemes) Regulations, 1999.

 
Mumbai
 
June 19, 2015

 

For full copy of order against CAPACIOUS FARMING PVT.LTD., click here.

For full copy of order against CAPACIOUS FARMING PVT.LTD., click here.

For full copy of order against GAURAV YADAV, click here.

For full copy of order against GURBAKHSH SINGH, click here.

For full copy of order against NARMIN KAUR YADAV, click here.