PR No. 49/2015

Order in the matter of M/s AM Fund Managers Ltd

Shri S Raman, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an order datedFebruary 20, 2015 under sections 11(1), 11(4), 11A,  and 11B and of SEBI Act, 1992 in the matter of M/s AM FundsManagers Ltd directing inter-alia that the company shall not mobilize funds from investors and that the company andits directors are prohibited from issuing prospectus or any offer document or issue advertisement for solicitingmoney from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till furtherdirections.

The Company, its past and present directors have further been directed not to dispose off any of the properties oralienate the assets of the Company or dispose off any of their properties or alienate their assets and not to divertany funds raised from public at large through the issuance of the impugned securities, kept in its bank accountsand/or in the custody of the company without prior permission of SEBI, until further orders. 

The company was engaged in fund mobilizing activity through issue of Preference Shares to more than 49 personswithout complying with the provisions of the Companies Act, 1956.

The full text of the SEBI order is available on the website: www.sebi.gov.in

Mumbai

March 02, 2015

page: 1 [ www.sebi.gov.in ]