Tamil latest news , Sebi bars MRDT, MRDF from fund raising via issue of securities
Circular No.: MCX-SX/ID/2308/2014 October 28, 2014
SEBI order in the matter of issuance of equity shares by Madurai Rural Development
Benefit Fund (India) Limited (MRDF) & Madurai Rural Development Transformation
India Limited (MRDT)
SEBI vide its interim order no. WTM/PS/41/SRO/OCT/2014 dated October 27, 2014 has, inter-alia,
restrained the companies viz., Madurai Rural Development Benefit Fund (India) Ltd and Madurai
Rural Development Transformation India Ltd and their respective directors and promoters including
Mr. Mohammed Yusuff Suresh Batcha (DIN : 02443876), Mr. Gopalarathinam Ramarathinam(DIN : 06555632), Mr. Srinivasan Srikumar (DIN : 06555637), Mr. Vasudevan Balaji (DIN : 06860167), Mr.Kasiviswanathan Venkataraman (DIN : 06860187), Mr. Nagasubramanian Rajalakshmi (DIN : 06861472), Mr. Sudhakaran Lataji (DIN : 06861823), Ms. Mumtaj Begam Baba (DIN : 02703379), Mr.Sithikbasha Mohamed Yusuf (DIN : 02703420) and Ms. Lilun Nihar Yousuff (DIN : 02712182) fromaccessing the securities market and further prohibited them from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.
The above directions shall come into force with immediate effect and shall be in force until further
orders. The full text of the order is available on SEBI’s website [www.sebi.gov.in ].
Members of the Exchange are advised to take note of the above and ensure compliance.
For and on behalf of
MCX Stock Exchange Ltd.
