Order

Date of Order

Details of the Order

Section Details

Entity / Individual Name

Period

SEBI order against Shri Mukesh Mansukhlal Kothari in the matter of

M/s. Solid Carbide Tools Ltd.

15-Jun-07

SEBI vide its order dated June 15, 2007 in the matter of trading in the scrip of Solid Carbide Tools Limited, has prohibited and restrained Shri Mukesh Mansukhlal Kothari from buying, selling or dealing in securities in any manner for a period of two years.

Under Section 11(4) And Section 11b Of The Securities And Exchange Board Of India Act, 1992 And Regulations 11 And 12 Of The Sebi (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 1995 Read With Regulation 13 (2) Of The Sebi (Prohibition Of Fraudulent And Unfair Trade Practices Relaitng To Securities Market) Regulations, 2003

Shri Mukesh Mansukhlal Kothari

2 years

SEBI order in the matter of Investigation into Pyramid Saimira Theatre Ltd.

 

23-Apr-09

SEBI vide its ad-interim ex-parte order no. WTM/KMA/60/04/2009 dated April 23, 2009 has directed  254 entities, to not to buy, sell or deal in the securities market including in Initial Public Offerings, in any manner, either directly or indirectly, till further directions:

 

Further to SEBI order no. WTM/KMA/60/04/2009 dated April 23, 2009, SEBI now vide its order no. WTM/KMA/86/06/2009 dated June 18, 2009 in the matter of M/S. Pyramid Saimira Theatre Ltd has revoked the directions issued against Shri Shashikant P. Biyani (PAN no. AAHPB3652Q). This order shall come into force with immediate effect.

Under Sections 11, 11b And 11(4) Of Securities And Exchange Board

Of India Act, 1992

Shri Shashikant P. Biyani  (PAN - AAHPB3652Q)

Till further directions

KARUNA CABLES LTD

29-Nov-05

"Promoters of the company viz, Mahendra C. Shah, Hasu M Shah, Mit Shah, Akshat Shah, Kirti C. Shah, Jaswant C. Shah, Sanjay B Shah, Ceetee Trading and Leasing Pvt. Ltd and the non-executive independent directors of the company N. S. Rangnath, C. V. V. Prasad and Pavankumar Sanwarmal are hereby directed not to buy, sell or deal in securities of Karuna Cables Ltd, directly or indirectly, till further directions in this regard and Karuna Cables Ltd is further directed that it shall not issue any equity shares or any other instruments convertible into equity shares, in any manner, or shall not alter its capital structure in any manner, till further directions in this regard.
Clients viz., Richtone Fintrade & Investment Pvt. Ltd., Vinayak Trimbak Sarkhot, Pradnya Sarkhot, Bipin Shah, Bhavana Bipin Shah, N. G. Builders & Developers, Narendrapal Gupta, Manju Gupta, Vijay Bhagwandas Shah and Vintel Securities Pvt Ltd are hereby directed not to buy, sell or deal in securities of Karuna Cables Ltd, directly or indirectly, till further directions in this regard.
Clients Ritedeal Trading Company Pvt Ltd, Ajit Suryavanshi, Santosh Rohidas Jagtap, New Leader Trading Co. Pvt. Ltd., Ramdas Kshirsagar, Umesh Choukekar, Rightstar Trading Company Pvt. Ltd., Dattu Shitole, Amar Adhav, Rajkishore Singh, Santosh Pawar and Vijay Suryavanshi have already come to SEBI’s adverse notice in the cases of IFSL Ltd and Mega Corporation Ltd. and are hereby directed not to buy, sell or deal in any securities directly or indirectly, till further directions in this regard.
Stock Brokers viz. Galaxy Broking Ltd., Accord Capital Markets Ltd., B. Lodha Securities Ltd., CSL Stock Broking Pvt. Ltd., SVS Securities Pvt. Ltd. Indiabulls Securities Ltd., and Fortis Securities Ltd., are hereby directed not to buy, sell or deal in securities of Karuna Cables Ltd., directly or indirectly, for the entities mentioned in para. 4.2, 4.3 and 4.4 till further directions in this regard. The Depositories shall not give effect to any transfer of shares of Karuna Cables Ltd. lying in the beneficial owner accounts of the entities mentioned above"

 

SEBI vide its order no.  WTM/KMA/83/IVD/06/2009 dated June 15, 2009 has restrained Karuna Cables Limited ,Mr. Mahendra C. Shah, Ceetee Trading and Leasing Private Limited and Mr. Sanjay B Shah from accessing the securities market and further prohibited them from buying, selling or dealing in securities market, directly or indirectly, for a period of six months with immediate effect. Further, SEBI vide its order no WTM/KMA/82/IVD/06/2009 dated June 15, 2009 has  revoked the directions issued by SEBI vide orders dated November 29, 2005 and July 25, 2006 for Mrs. Hasu M. Shah, Mr. Mit Shah, Mr. Akshat Shah, Mr. Kirti C. Shah, Mr. Jaswant C. Shah, Mr. C.V.V. Prasad, Mr. N.S. Ranganath, Mr. Pavankumar Sanwarmal, N. G. Builders & Developers,  Mr. Narendrapal Gupta and Mrs. Manju Gupta. The proceedings against Mr. Vijay Bhagwandas Shah become infructuous owing to his demise.

Under Section 11b And 11(4)(B) Of Securities And Exchange Board Of India Act, 1992

 

1.     Hasu M Shah

2.     Mit Shah

3.     Akshat Shah

4.     Kirti C. Shah

5.     Jaswant C. Shah

6.     N. S. Rangnath

7.     C. V. V. Prasad

8.     Pavankumar Sanwarmal

9.     N. G. Builders & Developers

10.  Narendrapal Gupta

11.  Manju Gupta

12.  Vijay Bhagwandas Shah

Till further orders

SEBI order against Pious Overseas Private Limited, its Director Mr.N K Ajmera and  Mr.Giriraj Kothari,

05-Mar-2009

SEBI vide its order dated March 05, 2009 has prohibited Pious Overseas Private Limited, Mr.N K Ajmera (director of Pious Overseas Private Limited) and Mr.Giriraj Kothari, in the matter of Dhar Textile Mills Limited, from buying, selling or dealing in securities in any manner directly or indirectly for a period of fifteen days, with immediate effect. 

Under Sections 11, 11B and 11(4) of SEBI Act, 1992 and Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003

1.Pious Overseas Private Limited

2.Mr.N K Ajmera

3.Mr.Giriraj Kothari

15 days

SEBI order against Ms.Priti Dalal in the matter of Singer (India) Ltd.

14-Jan-2009

SEBI vide its order no WTM/TCN/150/IVD2/JAN/2009 dated January 14, 2009, in the matter of M/s.Singer (India) Ltd., has restrained Ms Priti Dalal from accessing the securities market either directly or indirectly and also prohibited from buying, selling or otherwise dealing in securities, in any manner whatsoever, for a period of one month.

 

She is further directed to cease and desist from dealing in securities in such manner which may amount to violation of Regulation 3(a), (b) & (c) and 4(2)(a) & (b) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.

Section 11B and 11D read with Section 19 of SEBI Act, 1992, further read with Section 11 of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.

Priti Dalal

1 month

SEBI order against Shri C Krishna Prasad and Ask Holdings Private Limited in the matter of Granules India Limited

14-Jan-2009

SEBI vide its orders no WTM/TCN/152/IVD3/Jan/09 and WTM/TCN/153/IVD3/Jan/2009 dated January 14, 2009, in the matter of Granules India Limited, has restrained Shri C Krishna Prasad (PAN – ACQPC5566P) and Ask Holdings Private Limited (PAN – AABCA5572B) from accessing the securities market and have prohibited them from buying, selling or otherwise dealing in securities in any manner whatsoever, whether directly or indirectly for a period of one month and three months, respectively, with immediate effect

sections 11(4) and 11 B read with Section 19 of the SEBI Act, 1992 and Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995 further read with relevant provisions of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003

1.     Shri C Krishna Prasad (PAN – ACQPC5566P)

 

2.     Ask Holdings Private Limited (PAN – AABCA5572B)

1 month

 

 

 

 

 

 

3 months

SEBI order against P.L.Choudhary & Co., Pawankumar Choudhary (HUF), P.P.Choudhary (HUF), Sabitaridevi Choudhary and Sarita Choudhary

09-Jan-2009

SEBI vide its order no. WTM/TCN/121/IVD-3/Jan/09 dated January 09, 2009 has restrained the following entities, in the matter of Jagsonpal Pharmaceuticals Limited, from accessing the securities market and from buying, selling or dealing in securities for a period of three months:

1.     M/s.P.L.Choudhary & Co.

2.     M/s.Pawankumar Choudhary (HUF) (PAN – AAAHP4710L)

3.     M/s.P.P.Choudhary (HUF) (PAN – AAAHP4899N)

4.     Mrs.Sabitaridevi Choudhary (PAN – ACTPC7703P)

5.     Mrs.Sarita Choudhary (PAN – ACYPC9216A)

Section 19 read with Section 11B of the SEBI Act, 1992 and Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations 2003.

1.     M/s.P.L.Choudhary & Co.

2.     M/s.Pawankumar Choudhary (HUF) (PAN – AAAHP4710L)

3.     M/s.P.P.Choudhary (HUF) (PAN – AAAHP4899N)

4.     Mrs.Sabitaridevi Choudhary (PAN – ACTPC7703P)

5.     Mrs.Sarita Choudhary (PAN – ACYPC9216A)

3 months

SEBI order against Mr.Prem Chand Batra in the matter of Welcome Coir Industries Limited

06-Jan-2009

SEBI vide its order dated January 06, 2008 has prohibited Mr. Prem Chand Batra, in the matter of Welcome Coir Industries Limited, from buying, selling and dealing in securities in any manner either directly or indirectly for a period of one month with immediate effect. 

Section 19 read with Section 11B of the SEBI Act, 1992 and Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003

Prem Chand Batra

1 month

SEBI order against Mr.Debapriya Ghosh in the matter of Adinath Bio-labs Limited

26-Dec-2008

SEBI vide its order no.WRM/KMA/IVD-ERO/23/12/2008 dated December 26, 2008, in the matter of Adinath Bio-Labs Limited has prohibited Mr.Debapriya Ghosh from buying, selling or dealing in securities in any manner for a period of one month, with immediate effect.

Sections 11(4), 11, 11B read with Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003

Mr.Debapriya Ghosh

1 month

SEBI Consent orders of Ms.Bhawna Kasera, Mr.Jitendra Kumar Kasera, Mr.Ravindra Kumar Kasera and Ms.Kusum Kasera

16-Dec-2008

SEBI vide its consent order no.s CO/ISD/1704/AO/SD/15/2008, CO/ISD/1705/AO/SD/16/2008, CO/ISD/1709/AO/SD/17/2008 & CO/ISD/1714/AO/SD/14/2008 dated December 16, 2008 has debarred the applicants –

1.     Ms.Bhawna Kasera, Mr.Jitendra Kumar Kasera

2.     Mr.Ravindra Kumar Kasera and

3.     Ms.Kusum Kasera

, in the matter of SBEC Sugar Limited, from dealing in securities market directly or indirectly for a period of 3 months.  Further, the applicants have remitted a sum of Rs.35000/-, Rs.50000/-, Rs.165000/- and Rs.50000/-, respectively, towards the terms of consent in the matter.

Under Section 15HA of the SEBI Act, 1992 read with the Regulation 3, 4(1), 4(2)(a),(b),(g) and (n) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003.

1.     Ms.Bhawna Kasera (PAN -  ARYPK2913R)

2.     Mr.Jitendra Kumar Kasera (PAN -  AGKPK5210G)

3.     Mr.Ravindra Kumar Kasera  (PAN -  AGEPK2260L)

4.     Ms.Kusum Kasera (PAN -  AGKPK5211H)

3 months

SEBI order against M/s.Mackertich Consultancy Services Private Limited

12-Dec-2008

SEBI vide its order no. WTM/TCN/82/IVD2/DEC/08 dated December 12, 2008 has restrained M/s.Mackertich Consultancy Services Private Limited (PAN – AABCM5680Q), from accessing the securities market and has prohibited it from buying, selling or dealing or associating with the securities market in any manner whatsoever for a period of 15 days with immediate effect.

Section 19 of SEBI Act, 1992 read with Section 11 and 11 B of SEBI Act, 1992

M/s.Mackertich Consultancy Services Private Limited (PAN – AABCM5680Q)

15 days

SEBI order against Apex Enterprises (India) Ltd. in the matter of SAB TV

12-Dec-2008

SEBI vide its order no. WTM/TCN/78/IVD4/DEC/08 dated December 12, 2008 has restrained Apex Enterprises (India) Ltd., in the matter of Sri Adhikari Brothers Television Network Ltd. (SAB TV), from dealing in securities directly and indirectly for a period of 1 month

Section 19 of SEBI Act, 1992 read with Section 11 and 11 B of SEBI Act, 1992, read with PFUTP Regulations, 1995/2003.

Apex Enterprises (India) Ltd

1 month

Sebi Order Against  Shri Abhishek Khare (PAN : AGVPK5838R) and Shri V K Jain  In The Matter Of Priyans Saree Industries Ltd

14-Oct-2008

SEBI vide its order no. WTM/TCN/ID-3/57/Oct/2008 dated October 14, 2008 has restrained Shri Abhishek Khare (PAN : AGVPK5838R) and Shri V K Jain, in the matter of Priyans Saree Industries Ltd., from accessing the securities market and also prohibited them from buying, selling or otherwise dealing or associating with the securities market for a period of six months. 

Section 11 (4) and 11B of the SEBI Act, 1992 read with Regulation 11 of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.

Shri Abhishek Khare (PAN : AGVPK5838R)

 

Shri V K Jain

6 months

Sebi Order Against M/S. Shalibhadra Securities In The Matter Of Electrolux Kelvinator Limited

13-Oct-2008

SEBI vide its order no. WTM/TCN/ID7/ 55/Oct/2008 dated October 13, 2008 has directed that direct that M/s. Shalibhadra Securities Limited, erstwhile member of the National Stock Exchange, is restrained from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities in any manner for a period of six months

Section 11 and 11B of the SEBI Act, 1992.

M/s. Shalibhadra Securities Limited

6 months

Sebi Order In The Matter Of M/S. Subhash Projects & Marketing Ltd. (SPML)

25-Sep-2008

SEBI has vide order no. WTM/TCN/49/IVD- 1/Sept/08 dated September 25, 2008 restrained the following entities from accessing the securities market and from buying, selling or dealing in securities for a period of six months: -

 

1.     M/s. Raj Investments,

2.     Ms. Samita Jain, Proprietor, M/s. Raj Investment,

3.     M/s. Blue Chip Capital Markets Pvt. Ltd.,

4.     Shri Sandeep Jain, Director, M/s. Blue Chip Capital Markets Pvt. Ltd.,

5.     M/s. Shri Vardhman Finvest Pvt. Ltd.,

6.     Shri Raj Kumar Jain, Director, M/s. Shri Vardhman Finvest P Ltd.,

7.     M/s. Jain Enclave Pvt. Ltd.,

8.     Shri Kuldeep Jain, Director, M/s.Jain Enclave Pvt. Ltd.,

9.     M/s. Sarawgi Developers Pvt. Ltd.,

10.  Shri Sanjay Kumar Jain, Director, M/s. Sarawgi Developers and

11.  Shri Raj Kumar Jain alias Patni. 

 

Section 19, read with Section 11 B of the SEBI Act, 1992 and Regulation

11 of SEBI ( Prohibition of Fraudulent and Unfair Trade Practices Relating

to the Securities Market ) Regulations, 2003,

 

1.     M/s. Raj Investments,

2.     Ms. Samita Jain, Proprietor, M/s. Raj Investment,

3.     M/s. Blue Chip Capital Markets Pvt. Ltd.,

4.     Shri Sandeep Jain, Director, M/s. Blue Chip Capital Markets Pvt. Ltd.,

5.     M/s. Shri Vardhman Finvest Pvt. Ltd.,

6.     Shri Raj Kumar Jain, Director, M/s. Shri Vardhman Finvest P Ltd.,

7.     M/s. Jain Enclave Pvt. Ltd.,

8.     Shri Kuldeep Jain, Director, M/s.Jain Enclave Pvt. Ltd.,

9.     M/s. Sarawgi Developers Pvt. Ltd.,

10.  Shri Sanjay Kumar Jain, Director, M/s. Sarawgi Developers and

11.  Shri Raj Kumar Jain alias Patni. 

 

6 months

Sebi Order In The Scrip Of M/S. Jagsonpal Harmaceuticals Limited

23-Sep-2008

SEBI vide its order no. WTM/TCN/ 45/IVD-3/SEPT /08 dated September 23, 2008 restrained Mrs. Ashadevi Beriwala from buying, selling or dealing in securities for a period of one month  with immediate effect.

Section 19, read with Section 11 and Section 11 B of the SEBI Act, 1992 and Regulation 11 of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to the Securities Market) Regulations, 2003

Mrs. Ashadevi Beriwala

1 month

Sebi Order In The Matter Of M/S. Priyans Saree Industries Limited

22-Sep-2008

SEBI vide its order no. WTM/TCN/ID3/43/Sept/2008 dated September 22, 2008 has restrained Shri Jignesh Kantilal Shah, from accessing the securities market and also prohibited him from buying, selling or otherwise dealing or associating with the securities market for a period of one month with immediate effect.

Section 19 of the SEBI Act, 1992 and Sections 11 (4) and 11B of the SEBI Act, 1992 read with Regulation 11 of the corresponding provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations,  2003

Shri Jignesh Kantilal Shah

1 month

SEBI order against seven clients in the matter of Shree Yaax Pharma & Cosmetic Ltd.

 

20-Aug-2008

SEBI has passed order no. WTM/TCN/33/IVD1/AUG/2008 dated August 20, 2008 against Kajol Impex Ltd., Trans Fiscal Pvt. Ltd., Gaurang G. Patel, Samir D. Patel, Paresh Champaklal Shah, Umit Vinodbhai Patel, Sudhirbhai Shah in the matter of Shree Yaax Pharma & Cosmetic Ltd. and have restrained these 7 clients from accessing the securities market either directly or indirectly and also prohibited them from buying, selling or dealing in securities for a period of three months.

Under Regulation 11 Of Sebi (Prohibition Of

Fraudulent And Unfair Trade Practices Relating To

Securities Markets) Regulations 2003 Read With

Section 11, 11b And 11(4) Of Sebi Act, 1992

 

1.     Kajol Impex Ltd.,

2.     Trans Fiscal Pvt. Ltd.,

3.     Gaurang G. Patel,

4.     Samir D. Patel,

5.     Paresh Champaklal Shah,

6.     Umit Vinodbhai Patel,

7.     Sudhirbhai Shah

3 months

SEBI Order in the matter of Vivensari Fin Serv Pvt Ltd, Harsha Pranav Sec Pvt Ltd and Newfin Fin Serv Pvt Ltd in the scrip Electrolux Kelvinator Ltd.

20-Aug-2008

SEBI has passed order no. WTM/TCN/ID7/31/AUG/2008 dated August 20, 2008 in the matter of Vivensari Financial Services Private Limited, Harsha Pranav Securities Private Limited and Newfin Financial Services Private Limited with respect to the scrip Electrolux Kelvinator Limited and have restrained the above entities from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities in any manner and in any capacity for a period of six months

Section 19 of SEBI Act,

1992 and Sections 11 and 11B of the SEBI Act, 1992.

 

Regulation 4

(a), (b), (c) and (d) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices

relating to Securities Market) Regulations, 1995

 

1.     Vivensari Financial Services Private Limited,

 

2.     Harsha Pranav Securities Private Limited

 

3.     Newfin Financial Services Private Limited

6 months

SEBI CONSENT ORDER ON THE APPLICATION SUBMITTED BY SMT. HARSHA SHAILESH JHAVERI IN THE MATTER OF M/S.SHALIBHADRA INFOSEC LTD

23-Jul-2008

SEBI has issued consent order no. CO/ID6 /1124/20/2008 dated July 23, 2008 on the application submitted by Smt. Harsha Shailesh Jhaveri pursuant to investigations in the scrip Shalibhadra Infosec Ltd.  It is hereby ordered that that the applicant Smt. Harsha Shailesh Jhaveri shall not buy, sell or deal in securities directly or indirectly in any manner for a period of six months from the date of this consent order.

Section 11 and Section 11B of SEBI Act, 1992,  Regulations 3 and 6(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995.

Smt. Harsha Shailesh Jhaveri

6 months (from  date of consent order)

SEBI consent order in the matter of M/s. Granules India Ltd.

 

15-Feb-08

SEBI vide its order CO/ID3/1045/20/2008 dated February 15, 2008 in the matter of M/s. Granules India Ltd., has ordered that the applicant (M/S. Phulchand Sons Investments Pvt. Ltd) shall not buy, sell or deal directly or indirectly in securities for a period of six months from the date of the order.

Under section S.11B and S.11(4) Securities and Exchange Board of India Act, 1992

M/S. Phulchand Sons Investments Pvt. Ltd

6 months

SEBI order against Charmi Investments, Shri Parshwa Finance, Rujul Finance Ltd and Shri Ashish P. Shah in the matter of  Shalibhadra Infosec Ltd.

14- Feb-08

SEBI vide its order dated February 14, 2008 in the matter of Creation of Artificial Volumes and Offloading of Unlisted Shares of Shalibhadra Infosec Ltd., has restrained M/s. Charmi Investment (Sub-Broker registered on the NSE, SEBI Registration No. INS 231624813) and Shri Parshwa Finance (Sub-Broker registered on the BSE, SEBI

Registration No. INS 011245110) from buying, selling or otherwise dealing in securities for a period of one year in the proprietary account. M/s. Rujul Finance Ltd. and Shri Ashish P. Shah are also restrained from buying, selling or otherwise dealing in securities for a period of one year.

Under Section 11(4) read with Section 11 and Section 11B of the SEBI Act, 1992

and Regulation 11 of the SEBI (Prohibition of Fraudulent and Unfair Trade

Practices relating to the Securities Market) Regulations, 2003

 

M/s. Charmi Investment (Sub-Broker registered on the NSE, SEBI Registration No. INS 231624813)

 

Shri Parshwa Finance (Sub-Broker registered on the BSE, SEBI

Registration No. INS 011245110)

 

M/s. Rujul Finance Ltd.

 

Shri Ashish P. Shah

1 year

SEBI order against the company, Prakash Fotran Softech Limited and its directors.

11-Jan-08

SEBI vide its order dated January 11, 2008 against the company, Prakash Fotran Softech Limited and its directors has restrained the Noticees viz. Prakash Fotran Softech Limited (PAN No AABCT 8027 E) and its directors viz. Shri P.C. Jain, Shri Rajesh Jain (PAN No ABAPJ 2869 B) and Shri Rakesh Jain from buying, selling and dealing or accessing the securities market in any manner for a period of one year.

 

Under Section 11B and 11(4) of the Securities and Exchange Board of India Act, 1992 and Regulation 11 and 12 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 1995

Prakash Fotran Softech Limited

(PAN No AABCT8027E)

 

and its directors viz.

Shri P.C. Jain

 

Shri Rajesh Jain

(PAN No ABAPJ2869B)

 

Shri Rakesh Jain

 

1 Year

SEBI order against 8 entities in the matter of M/s Zigma Software Ltd

11-Dec-07

SEBI vide its order WTM/VKC/IVD/ID8/114/07 dated December 11, 2007 in the matter of investigation into dealings in the scrip of M/s Zigma Software Ltd, has restrained the Noticees viz. M/s. Net Equity Broking Pvt. Ltd. (PAN AABCN5677N), M/s Enpee Enterprises Pvt. Ltd. (PAN AAACE4930G), Shri Sujal Shah (PAN AAEPS4618Q), Shri Atul Gandhi, Ms. Anju Gandhi, Shri Narendra Mistry, Shri Pratik Shah (PAN AAJPS1909E) and Shri Rajkumar Masalia (PAN AKNPM02484H) from buying, selling and dealing or accessing the securities market in any manner for a period of one year.

 

Under Regulation 11 Of Sebi (Prohibition Of Fraudulent And

Unfair Trade Practices Relating To The Securities Market)

Regulations, 2003 Read With Section 11, 11b And 11(4) Of The Sebi

Act, 1992]

 

M/s. Net Equity Broking Pvt. Ltd.

(PAN AABCN5677N),

 

M/s Enpee Enterprises Pvt. Ltd.

(PAN AAACE4930G),

 

Shri Sujal Shah

(PAN AAEPS4618Q),

 

Shri Atul Gandhi,

 

Ms. Anju Gandhi,

 

Shri Narendra Mistry,

 

Shri Pratik Shah

(PAN AAJPS1909E) 

 

Shri Rajkumar Masalia (PAN AKNPM02484H)

1 year

SEBI order against Harish Kadam in the matter of Home Trade Limited.

05-Dec-07

SEBI vide its order WTM/GA/44/ISD/12/07 dated December 05, 2007 in the matter of dealings in the shares of Home Trade Limited, has restrained Shri Harish Kadam, director Harish Kadam Securities Pvt. Ltd. from accessing the securities market for a period of twelve months. Further he is also prohibited from buying, selling or dealing in securities either directly or indirectly for a period of twelve months.

 

Under Section 11b And 19  Of The Securities And Exchange Board Of India Act, 1992  Read With Regulation 11 Of Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003

Shri Harish Kadam, director Harish Kadam Securities Pvt. Ltd

1 year

SEBI order against M/S Shri Parshwa Finance in the matter of dealings in the shares of Design Auto Systems Ltd

 

08-Nov- 07

SEBI vide its order WTM/GA/37/IVD/11/07 dated November 08, 2007 in the matter of dealings in the shares of Design Auto Systems Ltd, has restrained the noticees namely M/S Shri Parshwa Finance, represented by its proprietor Mr. Piyush Jhaveri, from accessing the securities market and also prohibited them from buying, selling or dealing in securities either directly or indirectly for a period of six months. The said order shall come into effect after the expiry of three weeks from the date of the order.

 

Under Sections 11 And 11B Of The SEBI Act, 1992

 

M/S Shri Parshwa Finance - proprietor Mr. Piyush Jhaveri

6 months after the expiry of three weeks from the date of the order.

 

SEBI order in the matter of irregularities in the trading of the shares of Todays Writing Products Ltd

01-Nov- 07

SEBI vide its order dated November 01, 2007 in the matter of irregularities in the trading of the shares of Todays Writing Products Ltd, has restrained the Noticees viz. Shri Sunil Purohit (PAN AHSPP9704F), M/s Victory Trading Corporation (PAN AABPB8108M), Shri Tejash Ghelani (PAN AEPPG7381B), Shri Mehul Shah, Shri Chaitanya Raote (PAN AGSPP8131B), Shri Chirag Pujara (PAN AASPP3622R), Shri Devang Dadia (PAN AEKPD1019A) and Shri Rakesh Mithapara (PAN AFWPM1225N) from buying, selling and dealing or accessing the securities market in any manner for a period of 4 months.

 

[ Vide its order (Appeal No.175 of 2007) dated June 12, 2008, the Securities Appellate Tribunal (SAT) has dismissed appeal by Chirag Pujara and upheld SEBI’s order in the matter of Todays Writing Products Limited.   Further it is decided that the period of penalty already undergone shall be taken into account while implementing the SEBI order. ]

 

 

 

Under Section 11B and 11(4) of the Securities and Exchange Board of India Act,

1992 and Regulation 11 of the Securities and Exchange Board of India (Prohibition

of Fraudulent and Unfair Trade Practices relating to the Securities Market)

Regulations, 2003

 

Shri Chirag Pujara

(PAN AASPP3622R)

 

Shri Sunil Purohit

(PAN AHSPP9704F)

 

M/s Victory Trading Corporation

(PAN AABPB8108M)

 

Shri Tejash Ghelani (PAN AEPPG7381B),

 

Shri Mehul Shah,

 

Shri Chaitanya Raote (PAN AGSPP8131B),

 

Shri Devang Dadia (PAN AEKPD1019A)

 

Shri Rakesh Mithapara (PAN AFWPM1225N)

 

4 months

SEBI order agaisnt Shirish C Shah In The Matter Of Trading Of The Scrip Of Spanco Telesystems And Solutions Limited

22-Feb-07

SEBI vide order MO/ 95  /IVD3/ 02  /2007 dated February 22, 2007, in the matter Of trading of the scrip of Spanco Telesystems And Solutions Limited has  restrained Shri Shirish C. Shah from accessing the securities market and prohibiting from buying, selling or dealing in securities, either directly or indirectly, for a period of two years.

Under Section 11b Read With Section 11 (4) Of The Securities And Exchange Board Of India Act, 1992 Read With  Regulation 11 Of  Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relaitng To Securities Market) Regulations, 2003

 

Shri Shirish C. Shah

2 years

SEBI has passed an order against 1)Shri Mahesh Kumar Patel, 2) Smt Jyotiben M Patel, 3) Shri Gautam Patel, 4) M/S. Aarushi Consultancy, 5) Shri Rajni M Patel, 6) Smt Heena R Patel, 7) Shri Nilesh Patel, 8) M/S. Radhe Investment, 9) Shri Pravin Raiyani, 10) Shri Hiren Rathod, 11) Shri Parsottam P Kundanani, Partner Of Erstwhile M/S. Mega Securities, 12) Shri Rajesh Modi, 13) Shri Praful H Patel And 14) M/S. Kishore Corporation In The Matter Of Sword And Shield Pharma Limited.

04-Dec-06

 

SEBI has directed that :
i. 1)Shri Mahesh Kumar Patel 2) M/s. Aarushi Consultancy and 3) Shri Gautam Patel be debarred from accessing the securities market and prohibited from buying, selling or dealing in securities, either directly or indirectly, for a period of two years, and,

ii. 1) Smt Jyotiben M Patel, 2) Shri Rajni M Patel, 3) Smt Heena R Patel, 4) Shri Nilesh Patel, 5) M/s. Radhe Investment, 6) Shri Pravin Rayani, 7) Shri Hiren Rathod, 8) Shri Parsottam P Kundanani, Partner of erstwhile M/s. Mega Securities, 9) Shri Rajesh Modi, 10) Shri Praful H Patel and 11) M/s. Kishore Corporation be debarred from accessing the securities market and prohibited from buying, selling or dealing in securities, either directly or indirectly, for a period of one year.
 

Under Section 11 (4) (B) Read With Section 11 And 11b Of Securities And Exchange Board Of India, Act, 1992, And Regulations 11 And 13 Of Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003,

1)Shri Mahesh Kumar Patel, 2) Smt Jyotiben M Patel, 3) Shri Gautam Patel, 4) M/S. Aarushi Consultancy, 5) Shri Rajni M Patel, 6) Smt Heena R Patel, 7) Shri Nilesh Patel, 8) M/S. Radhe Investment, 9) Shri Pravin Raiyani, 10) Shri Hiren Rathod, 11) Shri Parsottam P Kundanani, Partner Of Erstwhile M/S. Mega Securities, 12) Shri Rajesh Modi, 13) Shri Praful H Patel And 14) M/S. Kishore Corporation

2 years

 

 

 

 

1 year

 

SEBI has passed an order WTM/VKC/ID-7/15/06 Against M/S Cyberspace Ltd In The Matter Of Irregularities In The Trading Of The Shares Of M/S. Cyberspace Ltd.

23-Nov-06

SEBI has restrained the company M/s Cyberspace Ltd (Noticee) from buying, selling and dealing or accessing the securities market in any manner for a period of two years from the date of this Order.

Under Section 11 (4) Read With 11b Of The Securities And Exchange Board Of India Act, 1992 And Regulation 11 Of The Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To The Securities Market) Regulations, 1995.

M/S Cyberspace Ltd

2 years

"1. Mr. Suresh Motwani
2. Jaydeep Investments Pvt. Ltd.
3. New Bharat Builders Pvt. Ltd.
4. Sunearth Ceramics Ltd.
5. Habiscus Investments P. Ltd.
6. Onlooker Investments P. Ltd.
7. Ms. Meenal Chhabaria
8. Mr. Suresh Hemwani
9. Mayfair Realtor Pvt. Ltd.
10. Mr. Madan Relwani
11. M’Belle International P. Ltd.
12. Alkan Projects Pvt. Ltd.
13. Mr. Sushil Thakkar
14. Mr. Gopu Belan
15. Mr. Kishore Motwani
16. Mr. Vinod Motwani
IN THE MATTER OF DEALINGS IN THE SCRIP OF SUNEARTH CERAMICS PRIVATE LIMITED."

2-Feb-06

SEBI debarred Shri Suresh Motwani, Jaydeep Investments Pvt. Ltd., New Bharat Builders Pvt. Ltd., Sunearth Ceramics Ltd., Habiscus Investments Pvt. Ltd., Onlooker Investments Pvt. Ltd., Ms. Meenal Chhabaria, Mr. Suresh Hemwani, Mayfair Realtor Pvt. Ltd., Shri Madan Relwani, M’Belle International Pvt. Ltd., Alkan Projects Pvt. Ltd., Mr. Sushil Thakkar, Mr. Gopu Belani, Mr. Kishore Motwani and Mr. Vinod Motwani from buying, selling or dealing or accessing, in any manner directly or indirectly, the securities market for a period of three years.

"UNDER SECTION 11(4) (b) AND 11B OF SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST 1. Mr. Suresh Motwani
2. Jaydeep Investments Pvt. Ltd.
3. New Bharat Builders Pvt. Ltd.
4. Sunearth Ceramics Ltd.
5. Habiscus Investments P. Ltd.
6. Onlooker Investments P. Ltd.
7. Ms. Meenal Chhabaria
8. Mr. Suresh Hemwani
9. Mayfair Realtor Pvt. Ltd.
10. Mr. Madan Relwani
11. M’Belle International P. Ltd.
12. Alkan Projects Pvt. Ltd.
13. Mr. Sushil Thakkar
14. Mr. Gopu Belan
15. Mr. Kishore Motwani
16. Mr. Vinod Motwani
IN THE MATTER OF DEALINGS IN THE SCRIP OF SUNEARTH CERAMICS PRIVATE LIMITED."

1. Mr. Suresh Motwani
2. Jaydeep Investments Pvt. Ltd.
3. New Bharat Builders Pvt. Ltd.
4. Sunearth Ceramics Ltd.
5. Habiscus Investments P. Ltd.
6. Onlooker Investments P. Ltd.
7. Ms. Meenal Chhabaria
8. Mr. Suresh Hemwani
9. Mayfair Realtor Pvt. Ltd.
10. Mr. Madan Relwani
11. M’Belle International P. Ltd.
12. Alkan Projects Pvt. Ltd.
13. Mr. Sushil Thakkar
14. Mr. Gopu Belan
15. Mr. Kishore Motwani
16. Mr. Vinod Motwani





3 years

In the matter of trading in the shares of M/s. Cellulose and Chemicals Pvt. Ltd. (now Ask Me Info Hubs Ltd.)

2-Feb-06

SEBI has prohibited Cellulose and Chemicals Pvt. Ltd. (Now: Ask Me Info Hubs Ltd.), Navnit N Patel, Shri Balubhai Muljibhai Sardhara, Mrs. Sadhanaben B Sardhara, Ms. Koonjanben B Sardhara Ms. Sejalben Balubhai Sardhara, B M Sardhara – HUF, M N Sardhara – HUF, Mrs. Smita Kirti Shah, M/s Shree Sound Pvt. Ltd., Shri Bipinchandra N Patel, Mrs. Smita B Patel, B N Patel- HUF, Shri Ravindra Parab & Shri Dasarath Rane from buying, selling, dealing, or accessing the securities in any manner directly or indirectly, for a period of three years.

Under Section 19, read with Section 11B and 11(4) (b) of SEBI Act, 1992,Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair TradePractices relating to securities market) Regulations, 1995 read with therelevant provisions of the Prohibition of Fraudulent and Unfair TradePractices relating to securities market) Regulations,2003, I hereby prohibitCellulose and Chemicals Pvt. Ltd. (Now: Ask Me Info Hubs Ltd.), Navnit N Patel, Shri Balubhai Muljibhai Sardhara, Mrs. Sadhanaben B Sardhara, Ms. Koonjanben B Sardhara Ms. Sejalben Balubhai Sardhara, B M Sardhara – HUF, M N Sardhara – HUF, Mrs. Smita Kirti Shah, M/s Shree Sound Pvt. Ltd., Shri Bipinchandra N Patel, Mrs. Smita B Patel, B N Patel- HUF, Shri Ravindra Parab & Shri Dasarath Rane

Cellulose and Chemicals Pvt. Ltd. (Now: Ask Me Info Hubs Ltd.),

Navnit N Patel Shri Balubhai Muljibhai Sardhara,

Mrs. Sadhanaben B Sardhara,

Ms. Koonjanben B Sardhara

Ms. Sejalben Balubhai Sardhara,

B M Sardhara – HUF,

M N Sardhara – HUF,

Mrs. Smita Kirti Shah,

M/s Shree Sound Pvt. Ltd.,

Shri Bipinchandra N Patel,

Mrs. Smita B Patel,

B N Patel- HUF, Shri Ravindra Parab

Shri Dasarath Rane

3 years

In the matter of trading in the shares of M/s. Warner Multimedia

1-Feb-06

SEBI has debarred Warner Multimedia Limited, Jagadish Prasad Purohit, Kailash Prasad Purohit, Vaishno Trade Link Private Limited, Godavari Commerce Private Limited, M/s Pragati Merchant, Success Merchant Private Limited, Rolex Merchant Private Limited, Govardhan Jain, Mumbadevi Finance and Investment company Private Limited, M/s Safal Investments, Gaje Singh Chahl and Arun Goyal from buying, selling and dealing in securities market for a period of three years.

Under section 19 of the SEBI Act, 1992 read with Section 11B and 11 (4) of the SEBI Act, 1992 and Regulation 11 of SEBI ( Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995 read with relevant provisions of SEBI ( Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, I hereby debar Warner Multimedia Limited, Jagadish Prasad Purohit, Kailash Prasad Purohit, Vaishno Trade Link Private Limited, Godavari Commerce Private Limited, M/s Pragati Merchant, Success Merchant Private Limited, Rolex Merchant Private Limited, Govardhan Jain, Mumbadevi Finance and Investment company Private Limited, M/s Safal Investments, Gaje Singh Chahl and Arun Goyal from buying, selling and dealing in securities market for a period of three years.

Warner Multimedia Limited, Jagadish Prasad Purohit, Kailash Prasad Purohit, Vaishno Trade Link Private Limited, Godavari Commerce Private Limited, M/s Pragati Merchant, Success Merchant Private Limited, Rolex Merchant Private Limited, Govardhan Jain, Mumbadevi Finance and Investment company Private Limited, M/s Safal Investments, Gaje Singh Chahl

Arun Goyal

3 years

Shri. Samir Arora – Head – Asian Emerging Markets Alliance Capital Mutual Fund

31-Mar-04

Shri Samir C Arora has been prohibited not to buy, sell or deal in securities, in any manner, directly or indirectly, for a period of five years. The period of prohibition already undergone by Shri Samir C Arora by virtue of the interim order dated August 09, 2003 will be included in the above period. However, if in the meantime Shri Samir C Arora desires to sell the securities, if any, currently held by him he may do so only after obtaining prior written permission from SEBI. This order comes into force with immediate effect.

Under Section 19 of the SEBI Act, read with section 11(4) and 11B of SEBI Act, 1992, read with Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulation 2003 and Regulation 11 of SEBI (Prohibition of Insider Trading) Regulation, 1992

Shri Samir C Arora

5 years

"M/s. Cauvery Software Engineering Systems Ltd.
Shri R K Kapur
Shri D B Negandhi
Shri Arup Saxena "

9-Jan-04

M/s. Cauvery Software Engineering Systems Ltd., Shri R K Kapur, Shri D B Negandhi and Shri Arup Saxena have been prohibited from accessing the capital market and from dealing in securities, in any manner, directly or indirectly, for a period of five years.

Under Section 19 of the SEBI Act, 1992 read with Section 11, 11 (4) (b) and 11B of SEBI Act, 1992

M/s. Cauvery Software Engineering Systems Ltd.
Shri R K Kapur
Shri D B Negandhi
Shri Arup Saxena

5 years

SEBI order against Dhanlaxmi Lease Finance Ltd. and its directors

04-Mar-2008

SEBI vide its order dated March 04, 2008 against Dhanlaxmi Lease Finance Ltd. and its directors, has restrained M/s Dhanlaxmi and its directors being Shri Rajendra Sharma, Shri Dinesh R Dubey, Shri V L Patel and Shri Avinash Gupta from accessing the securities market and also prohibited them from buying, selling or otherwise dealing or associating with the securities market in any manner whatsoever for a period of two months.

 

Under Section 11 (4) read with 11B of the Securities and Exchange Board of India Act, 1992 for violation of Regulations 3 and 4 of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to the Securities Markets) Regulations, 1995.

 

M/s Dhanlaxmi Lease Finance Ltd

and its directors

 

Shri Rajendra Sharma Shri Dinesh R Dubey

Shri V L Patel

Shri Avinash Gupta

2 months

SEBI order in the matter of Top Telemedia Ltd and Top Media Entertainment Ltd

03-Mar-2008

SEBI vide its order WTM/VKC/ID-7/150/2008 dated March 03, 2008 in the matter of Top Telemedia Ltd and Top Media Entertainment Ltd., has restrained M/s. Coverage and Consultants Ltd.(PAN No.AABCC3952H),  Essem Associates, Pivotal Stoxare Ltd., Prakash Ceramics Ltd., Prakash Fortran Softech Ltd., Rajesh Jain (ABAPJ2869B) and  M. M. Securities  from accessing the securities market and prohibited them from associating with the securities market in buying, selling or dealing in securities market in any manner for a period of three  months.

 

Under Section 11B and 11(4) of the Securities and Exchange Board of India Act, 1992 and Regulation 11 and 12 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 1995.

 

M/s. Coverage and Consultants Ltd.

(PAN No.AABCC3952H) 

 

Essem Associates

 

Pivotal Stoxare Ltd.

 

Prakash Ceramics Ltd.

 

Prakash Fortran Softech Ltd.

 

Rajesh Jain

(PAN ABAPJ2869B)

 

M. M. Securities

 

3 months

SEBI order in the matter of Mega Corporation Ltd

28-Feb-08

SEBI vide its order WTM/TCN/IVD1/2008 dated February 28, 2008 in the matter of Mega Corporation Ltd., has restrained Mega Corporation Limited (PAN - AAC-CM-9506-E) from accessing the capital market in any manner whatsoever for a period of one year (1 year) and Shri Kunal Lalani (PAN - AAG-PL-0992-C), Shri Hemanshu Mehta (PAN - AAK-PM-5750-F) and Shri Surendra Chhalani (PAN - ACI-PC-2863-K) Directors of the company are hereby restrained from buying, selling or otherwise dealing in securities, in any manner, for a period of one year (1 year).

 

(Note : -

SAT vide its order (appeal no. 60 of 2008) dated October 15, 2008 has set aside SEBI order dated February 28, 2008 in the matter of Mega Corporation Ltd.)

 

UNDER SECTION 11B AND 11(4) (b) OF THE SECURITIES AND

EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATIONS 11

AND 13 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE

PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003.

 

Mega Corporation Limited

(PAN - AACCM9506E)

 

(from accessing the capital market in any manner whatsoever for a period of one year (1 year)

 

Shri Kunal Lalani

(PAN - AAGPL0992C)

 

Shri Hemanshu Mehta (PAN - AAKPM5750F)

 

Shri Surendra Chhalani (PAN - ACIPC2863K)

(from buying, selling or otherwise dealing in securities, in any manner, for a period of one year (1 year).

1 Year

SEBI order against Libord Infotech Ltd in the matter of M/s. Mazda Fabrics and Processors Limited

18-Feb-2008

SEBI vide its order WTM/TCN/81/ID6/02/2008

dated February 18, 2008 in the matter of M/s. Mazda Fabrics and Processors Limited, has restrained M/s. Libord Finance Limited, now known as M/s. Libord Infotech Ltd. (PAN – AAACL2515N) from accessing the securities market and also prohibited it from buying, selling or otherwise dealing or associating with the securities market in any manner whatsoever for a period of one (1) month.

Under Sections 11 and 11B of The Securities and Exchange Board Of India Act, 1992

 

M/s. Libord Finance Limited, now known as M/s. Libord Infotech Ltd. (PAN – AAACL2515N)

1 month

 

SEBI order against Libord Securities Ltd in the matter of Mazda Fabrics & Processors Ltd.

05-Feb-2008

SEBI vide its order dated February 05, 2008 in the matter of Mazda Fabrics & Processors Ltd., has restrained the Noticee Libord Securities Ltd. (PAN No. AAACL0782D) from accessing the securities market and also prohibit them from buying, selling or otherwise dealing or associating with the securities market in any manner whatsoever for a period of one year.

 

(Libord Securities had appealed against the SEBI Order. The Securities Appellate Tribunal (SAT) has set aside the above-mentioned SEBI order and allowed the appeal vide its order (Appeal no.24 of 2008) dated June 23, 2008.)

Under Section 11 and 11B of the Securities and Exchange Board of India Act, 1992 and Regulation 11 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 1995

 

Libord Securities Ltd. (PAN No. AAACL0782D)

1 Year

SEBI order against Shri D.S. Pendse, M/S. Nalini Properties Pvt. Ltd. and M/S.                           Khuda Gawah Investments Pvt. Ltd. in the matter of investigation into dealings in the scrip Global Telesystems Ltd

 

28-Dec-07

SEBI vide its order WTM/VKC/ ID5/ 116 /07 dated December 28, 2007 in the matter of investigation into dealings in the scrip Global Telesystems Ltd. has restrained M/s Nalini Properties Pvt. Ltd. (PAN

No: AAACN9514F), M/s Khuda Gawah Investments Pvt. Ltd. and its Director Shri D.S. Pendse (PAN No: AALPP9719M), from accessing the securities market and also prohibit them from buying, selling or otherwise dealing or associating with the securities market, for a period of two years.

 

[Note : -

 

The Securities Appellate Tribunal (SAT) has, vide its order dated November 20, 2008 (Appeal no.22, 29 and 30 of 2008), set aside SEBI’s order no.WTM/VKC/ID5/116/07 dated December 28, 2007 against Shri Dilip S Pendse, M/s Nalini Properties Pvt. Ltd. and M/s Khuda Gawah Investments Pvt. Ltd. in the matter of Global Telesystems Ltd. vide which the appellants were restrained from accessing securities market and prohibited from buying, selling or otherwise dealing or associating with the securities market in any way for a period of 2 years.]

Section 11 and 11B read with Section 19 of the SEBI Act

read with corresponding provisions of the SEBI (Prohibition of

Fraudulent and Unfair Trade Practices relating to Securities Market)

 

M/s Nalini Properties Pvt. Ltd.

(PAN AAACN9514F)

 

M/s Khuda Gawah Investments Pvt. Ltd. and

 

its Director Shri D.S. Pendse (PAN:AALPP9719M)

2 Years

SEBI order in the matter of Vijay Textiles Ltd

11-Dec-2007

SEBI vide its order WTM/VKC/IVD/ID8/115/07

dated December 11, 2007 in the matter of investigation into dealings in the scrip of Vijay Textiles Ltd, has directed Nimesh Chitalia (Pan No. ADGPC5953K), Ajodhyabhai Kabra (Pan No. AAFPK5081L), Sanjay Soni (Pan No. AAFPS3332L), Anita Soni (Pan No. AAKPS8088C), Jayesh C. Shah (Pan No. AMWPS6919C) and Durga Drug Agency (Proprietor: Krupaben Soni) (Pan No. ANOPS6843C) not to buy, sell or deal in securities for a period of six months.

 

Under Regulation 11 Of Sebi (Prohibition Of Fraudulent And

Unfair Trade Practices Relating To Securities Market)

Regulations, 2003 Read With Section 11, 11b And 11(4) Of The Sebi

Act, 1992

 

Nimesh Chitalia

(Pan No. ADGPC5953K),

 

Ajodhyabhai Kabra

(Pan No. AAFPK5081L),

 

Sanjay Soni

(Pan No. AAFPS3332L),

 

Anita Soni

(Pan No. AAKPS8088C),

 

Jayesh C. Shah

(Pan No. AMWPS6919C)

 

Durga Drug Agency (Proprietor: Krupaben Soni)

(Pan No. ANOPS6843C

6 months

SEBI order  in the scrip of Alang Industries Gases Ltd.

 

10-Dec-2007

SEBI vide its order dated December 10, 2007 in the scrip of Alang Industries Gases Ltd., has restrained the Noticees viz. Shri Rajesh Shah (PAN No. ABEPS2049D), Falgun C Shah (PAN No. AMZPS8436P), Yatin B Shah (PAN No. AQSPS3457R), M/s Shyam Investments, M/s Uttam Investments (PAN No. ACOPS2923D), Rupani Enterprises (PAN No. AAAFR8149R), Loko Securities, Jatin J. Shah (PAN No. AAGPS0683K), M/s Comet Investments Pvt. Ltd. (PAN No. AAACC2051O), Addvalue Financial Services Pvt. Ltd. (PAN No. AACCA6709R), Rohit Gandhi (PAN No. AABPG2420K), Meeta A. Gala (PAN No. AALPG1053A), M/s

Caplon Securities & Investments Pvt. Ltd., Mitesh V. Shah (PAN No.

AGDPS0860K), Dharmen J. Sheth (PAN No. AABPS6828F) from accessing the securities market and prohibited them from buying, selling or dealing in securities in any manner whatsoever for a period of six months.

Under Section 11B of the Securities and Exchange Board of India Act, 1992 r/w

Regulation 11 of the Securities and Exchange Board of India (Prohibition Of

Fraudulent And Unfair Trade Practices Relating To Securities Market)

Regulations, 1995.

 

Shri Rajesh Shah

(PAN No. ABEPS2049D),

 

Falgun C Shah

(PAN No. AMZPS8436P)

 

Yatin B Shah

(PAN No. AQSPS3457R)

 

M/s Shyam Investments,

 

M/s Uttam Investments (PAN No. ACOPS2923D),

 

Rupani Enterprises 

(PAN No. AAAFR8149R)

 

Loko Securities,

 

Jatin J. Shah

(PAN No. AAGPS0683K)

 

M/s Comet Investments Pvt. Ltd.

(PAN No. AAACC2051O),

 

Addvalue Financial Services Pvt. Ltd.

(PAN No. AACCA6709R),

 

Rohit Gandhi

(PAN No. AABPG2420K)

 

Meeta A. Gala

(PAN No. AALPG1053A),

 

M/s Caplon Securities & Investments Pvt. Ltd.

 

Mitesh V. Shah

(PAN No. AGDPS0860K)

 

Dharmen J. Sheth

(PAN No. AABPS6828F)

6 months

 

SEBI order in the matter of trading in the scrip of Prabhu Steel Industries Ltd.

19-Nov-2007

SEBI vide its order dated November 19, 2007 in the matter of irregularities in trading in the shares of Prabhu Steel Industries Ltd, has restrained Smt Sarita Chowdhuri, Shri Rajesh Shah (PAN no.ABEPS2049C), M/s Hariyana Metals Ltd and M/s Shri Gopal Finance Ltd., from buying, selling and dealing or accessing the securities market in any manner for a period of three months.

 

 

 

SEBI has passed Consent Order no.CO/ID8/DRA-III/81/2008 dated October 31, 2008 and disposed of proceedings arising out of Order dated February 22, 2008 of the Hon’ble SAT remanding the matter to SEBI for fresh decision.

Under Section 11B of the Securities and Exchange Board of India Act, 1992 and

Regulation 11 and 12 of the Securities and Exchange Board of India (Prohibition of

Fraudulent and Unfair Trade Practices relating to the Securities Market)

Regulations, 1995 and the corresponding Regulations under Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices

relating to the Securities Market) Regulations, 2003.

 

Smt Sarita Chowdhuri

 

Shri Rajesh Shah

(PAN no.ABEPS2049C)

 

M/s Hariyana Metals Ltd 

 

M/s Shri Gopal Finance Ltd.

3 months

 

SEBI order in the matter of Abhinav Investments Ltd

24-Oct-2007

SEBI vide its order WTM/TCN/65/IVD2/10/07 dated October 24, 2007, has restrained M/s. Abhinav Investments from accessing the securities market either directly or indirectly and also prohibited it from buying, selling or otherwise dealing in securities, in any manner whatsoever, for a period of six months.

 

Under Section 11 and 11B of SEBI Act 1992 read with SEBI (Prohibition of

Fraudulent and Unfair Trade Practices Relating to Securities Market)

 

Abhinav Investments Ltd

6 months

SEBI ORDER UNDER SECTION 11B, 11(4) (b) AND 11 D OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 IN THE MATTER OF M/S BALLARPUR INDUSTRIES LTD

 

 

 

 

 

 

 

 

 

01-Oct-2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SEBI vide its order dated October 01, 2007, in exercise of the powers under section 19 of the Securities and Exchange Board of India Act 1992 read with Section 11B, 11(4)(b) and 11D, hereby, by way of ad interim, ex-parte order, has restrained Shri Raajeev Kasat and Shri Rajeev Shroff are hereby directed not to buy, sell or deal in any securities, directly or indirectly till further directions in this regard.

 

 

SEBI vide consent order CO/ISD/1221/2/2008

dated April 17, 2008 (on  application by Shri

Raajeev Kasat) has  disposed of the said proceedings under Sec. 11B, 11(4)(b) and 11(D) of the SEBI Act, 1992 pending before SEBI against the applicant Rajeev Kasat (PAN AABPK6251C) in the matter of M/s. Ballarpur Industries Ltd.

 

SEBI has passed a consent order dated July 28, 2008 on application submitted by applicant Shri.Rajeev Shroff (PAN:AAGPS7880Q) in the matter of M/s.Ballarpur Industries Ltd.  The Applicant has remitted a sum of Rs.2,00,000/- (Rupees Two Lakh only) towards settlement charges and has agreed to voluntarily undergo suspension from his sub-broking business for a period of six months from the date of passing of the consent order. 

under section 19 of the Securities and Exchange Board of India Act 1992 read with Section 11B, 11(4)(b) and 11D

Shri Rajeev Shroff –

(PAN AAGPS7880Q)

 

Shri Rajeev Kasat (PAN AABPK6251C)

 

 

 

 

 

 

 

 

 

 

Till further directions

SEBI order against D- Link (India) Limited

21-Aug-2007

SEBI vide its order WTM/TCN/48 /IVD /08/07 dated August 21, 2007, has directed D-Link India Ltd. not to buy, sell or deal in securities, in any manner, directly or indirectly, for a period of one month.

 

Under Section 11b & 11(4)(B) Of Securities And Exchange Board

Of India Act, 1992 Read With Regulation 11 Of Sebi (Prohibition

Of Fraudulent And Unfair Trade Practices Relating To

Securities Market) Regulations, 1995

 

D-Link India Ltd

1 month

 

SEBI order in the matter of M/s Tactfull Investment Ltd.

 

21-Aug-2007

SEBI vide its order WTM/TCN/49/ID/08/07 dated August 21, 2007, has directed Tactfull Investments Ltd., not to buy, sell or deal in securities, in any manner, directly or indirectly, for a period of six months.

 

Under Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade

Practices Relating to Securities Markets) Regulations 2003 read with

Section 11, 11B and 11(4) of SEBI Act, 1992

 

Tactfull Investments Ltd.

6 months

SEBI order against Shri Pankaj Gupta in the scrip of Videocon Industries Ltd

25-Jul-2007

SEBI vide its order MO/TCN/IVD1/42/07/2007 dated July 25, 2007 in the matter of dealings in the scrip of Videocon Industries Ltd, has restrained Shri Pankaj Gupta (Pan No. ACIPG4205G) from accessing the securities market either directly or indirectly and also prohibit him from buying, selling or dealing in securities for a period of six months.

Under Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Markets) Regulations 2003 read with Section 11, 11B and 11(4) (b) of SEBI Act, 1992)

Shri Pankaj Gupta (Pan No. ACIPG4205G)

6 months

SEBI order against Shri Heerachand Salecha in the dealings in the scrip of Gujarat Fiscon Ltd.

 

22-Jun-2007

SEBI vide its order WTM/TCN/38/IVD3/06/07 dated June 22, 2007 in the matter of dealings in the scrip of Gujarat Fiscon Ltd, has directed that Shri Heerachand Salecha be debarred from accessing the securities market and prohibited from buying, selling or dealing in securities, either directly or indirectly, for a period of six months.

 

Under Section 11 And 11b Of Sebi Act, 1992

 

Shri Heerachand Salecha

Six months

SEBI order against M/s Agarwal Shares & Finance Pvt Ltd in the dealings in the scrip of Gujarat Fiscon Ltd.

 

22-Jun-2007

SEBI vide its order WTM/TCN/37/IVD3/06/07 dated June 22, 2007 in the matter of dealings in the scrip of Gujarat Fiscon Ltd, has directed that M/s Agarwal Shares & Finance Pvt Ltd be debarred from accessing the securities market and prohibited from buying, selling or dealing in securities, either directly or indirectly, for a period of three months

Under Section 11 And 11b Of Sebi Act, 1992

 

M/s Agarwal Shares & Finance Pvt Ltd

Three months

SEBI order against Shri Jatin R. Shah in the dealings in the scrip of Gujarat Fiscon Ltd.

 

22-Jun-2007

SEBI vide its order WTM/TCN/39/IVD3/06/07 dated June 22, 2007 in the matter of dealings in the scrip of Gujarat Fiscon Ltd, has directed that Shri Jatin R. Shah be debarred from accessing the securities market and prohibited from buying, selling or dealing in securities, either directly or indirectly, for a period of three months

Under Section 11 And 11b Of Sebi Act, 1992

 

Shri Jatin R. Shah

Three months

SEBI order in the matter of Promoter entities of Adani Exports Ltd

25-May-2007

SEBI vide its order WTM/TCN/ 09/IVD/05/07 dated May 25, 2007 in the matter of Promoter entities of Adani Exports Ltd, has restrained the promoters of Adani viz., Adani Agro Pvt. Ltd., Adani Impex Pvt. Ltd., Crown International, Shahi Property Developers Pvt. Ltd., Adani Properties Pvt. Ltd., Advance Exports and Intercontinental India from accessing the securities market either directly or indirectly and also prohibited them from buying, selling or otherwise dealing in securities, in any manner whatsoever, for a period of two years.

Under Section 11 and 11B of SEBI Act 1992 read with SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003

1. Adani Agro Pvt. Ltd.
2. Adani Impex Pvt. Ltd.
3. Crown International
4. Shahi Property Developers Pvt. Ltd.
5. Adani Properties Pvt. Ltd.
6. Advance Exports
7. Intercontinental India

2 years

 

[Pls refer Order (Appeal No.79 of 2007) dated April 24, 2008 of  the Securities Appellate Tribunal (SAT)]

 

SEBI order against Jalco group and its associate entities in the matter of GHCL Limited

25-Apr-07

SEBI vide its order dated April 25 , 2007 in the matter of Jalco group and its associate entities in of GHCL Limited has inter-alia directed as under:

a) The following entities of Jalco group and its associate entities viz.

1.     Antarctica Investment Private Ltd

2.     Carissa Investment Pvt. Limited

3.     Comosum Investment Pvt. Ltd.

4.     Darpan Garden Exports Private Ltd

5.     Jalco Financial Service Pvt. Ltd

6.     Pathik Merchandise Pvt. Ltd.

7.     Wilful Finance And Investment Co Pvt. Ltd

8.     Grotto Pharmaceuticals Pvt. Ltd.

9.     Rajshree Tobacco Co. Pvt. Ltd.

10.  Altar Investment Private Limited

11.  ILAC Investment Private Limited

12.  Dalmia Housing Finance Limited

13.  Shape N Style India (P) Ltd.

14.  Sofed Retailer Pvt. Ltd


and, the following directors of Jalco group viz.

1.     Alok Kumar Srivastva

2.     Bhairav Dutt Naliwal

3.     Sanjay Jalan

4.     Pradeep Kumar

5.     Balbeer Singh

6.     Manohar Ram

7.     Vinay Kumar Mehta

8.     Rajesh Kumar

9.     Suruj Gurung

 

shall not buy, sell or deal in shares of GHCL., directly or indirectly;

 

For following entities above mentioned ex-parte interim order had been lifted vide SEBI order dated August 21, 2007

1.     Antarctica Investment Private Ltd

2.     Carissa Investment Pvt. Limited

3.     Comosum Investment Pvt. Ltd.

4.     Altar Investment Private Limited

5.     ILAC Investment Private Limited

6.     Dalmia Housing Finance Limited

 

SEBI vide its order no. WTM/TCN/62/ISD/NOV/08 dated November 04, 2008 has revoked directions passed against entities (except entities against whom interim order had been lifted vide Order dated August 21, 2007) mentioned in ex-parte interim order dated April 25, 2007 in the matter of GHCL Ltd.   :

1.     Darpan Garden Exports Private Ltd

2.     Jalco Financial Service Pvt. Ltd

3.     Pathik Merchandise Pvt. Ltd.

4.     Wilful Finance And Investment Co Pvt. Ltd

5.     Grotto Pharmaceuticals Pvt. Ltd.

6.     Rajshree Tobacco Co. Pvt. Ltd.

7.     Shape N Style India (P) Ltd.

8.     Sofed Retailer Pvt. Ltd.

9.     Alok Kumar Srivastva

10.  Bhairav Dutt Naliwal

11.  Sanjay Jalan

12.  Pradeep Kumar

13.  Balbeer Singh

14.  Manohar Ram

15.  Vinay Kumar Mehta

16.  Rajesh Kumar

17.  Suruj Gurung

Under Section 19 read with Section 11(1), Section 11(4)(b) and Section 11B of SEBI Act, 1992
 

1.     Antarctica Investment Private Ltd

2.     Carissa Investment Pvt. Limited

3.     Comosum Investment Pvt. Ltd.

4.     Darpan Garden Exports Private Ltd

5.     Jalco Financial Service Pvt. Ltd

6.     Pathik Merchandise Pvt. Ltd.

7.     Wilful Finance And Investment Co Pvt. Ltd

8.     Grotto Pharmaceuticals Pvt. Ltd.

9.     Rajshree Tobacco Co. Pvt. Ltd.

10.  Altar Investment Private Limited

11.  ILAC Investment Private Limited

12.  Dalmia Housing Finance Limited

13.  Shape N Style India (P) Ltd.

14.  Sofed Retailer Pvt. Ltd

15.  Alok Kumar Srivastva

16.  Bhairav Dutt Naliwal

17.  Sanjay Jalan

18.  Pradeep Kumar

19.  Balbeer Singh

20.  Manohar Ram

21.  Vinay Kumar Mehta

22.  Rajesh Kumar

23.  Suruj Gurung

Till further orders

SEBI order against Shri Harvinder Kumar Bagai In The Matter Of M/S. Media Video Limited.

23-Feb-2007

SEBI vide order WTM/TCN/IVD/ID3/97/02/2007 dated February 23, 2007, against Shri Harvinder Kumar Bagai In The Matter Of M/S. Media Video Limited has directed that Shri Harvinder Kumar Bagai be debarred from accessing the capital markets and dealing in securities directly or indirectly for a period of one year. 

Under Section 11(4) Read With Section 11b Of Sebi Act, 1992 And Regulation 11 Of Sebi (Prohibition Of Fraudelent And Unfair Trade Practices Relating To Securiteis Market) Regulations, 2003

Shri Harvinder Kumar Bagai

1 year

SEBI has passed an order against Vidyut Investments Limited in the matter of dealings in the shares of Aftek Infosys Limited, Global Trust Bank Ltd. and Ranbaxy Laboratories Limited.

24-Jan-07

SEBI vide its order WTM/GA/126/IVD/1/07 in the matter of dealings in the shares of Aftek Infosys Limited, Global Trust Bank Ltd. and Ranbaxy Laboratories Limited has directed Vidyut Investments Ltd not to buy, sell or deal in securities for a period of two years, excepting for the shares pledged with it in its capacity as Non Banking Finance Company (other than the shares pledged by Shri Ketan Parekh and his entities) till the date of this order.

 

The Securities Appellate Tribunal (SAT) has set aside SEBI order against Vidyut Investments Limited (Appeal No. 164 of 2007) on July 29, 2008 (in the matter of dealings in shares of different companies including DSQ Software Limited, Global Telesystems Limited, Zee Telefilms Limited, Himachal Futuristic Communications Limited, Ranbaxy Laboratories Limited, Aftek Infosys Limited and Global Trust Bank).

Under Sections 11 And 11 B of Securities and Exchange Board of India Act, 1992 and Regulation 10 of Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003

Vidyut Investments Limited

2 years

 

SEBI has passed an order WTM/VKC/ID7/31/07 in the matter of irregularities in the trading of the shares of M/s. Roofit Industries Ltd against the following entities:
1. M/s Akira Investments Pvt. Ltd.
2. M/s Habiscus Investments Pvt. Ltd.
3. M/s Onlooker Investment Pvt. Ltd.
4. M/s M’Belle International Pvt. Ltd.
5. M/s Alkan Projects Pvt. Ltd.
6. M/s Mayfair Realtors Pvt. Ltd.
7. M/s Mayfair Paper & Boards Pvt. Ltd.
8. M/s. Vynex Chemical Engineering (Bombay) Pvt. Ltd.

09-Jan-2007

SEBI has restrained the following Noticees from buying, selling and dealing or accessing the securities market in any manner for a period of six months from the date of this order.
1. M/s Akira Investments Pvt. Ltd.
104, Morgaonkar Market
589, Sadashiv Peth
Pune 411030

2. M/s Habiscus Investments Pvt. Ltd.
405, Buildage House
146, V S Marg, Mahim
Mumbai 400 016

3. M/s Onlooker Investment Pvt. Ltd.
405, Buildage House
146, V S Marg, Mahim,
Mumbai 400 016

4. M/s M’Belle International Pvt. Ltd.
G/7, Sai Sangeet, 368 Linking Road, Khar,
Mumbai 400 052

5. M/s Alkan Projects Pvt. Ltd.
A-15, Medhavi
Samarth Nagar Cross Road No. 2
Lokhandwala Complex
Andheri (W)
Mumbai 400 053

6. M/s Mayfair Realtors Pvt. Ltd.
1, Rahimtulla Mansion, 5th Floor,
7, Homji Street
Fort
Mumbai 400 001

7. M/s Mayfair Paper & Boards Pvt. Ltd.
501, Sangli Bank Building
296, Perin Nariman Street, Fort
Mumbai 400 001

8. M/s. Vynex Chemical Engineering (Bombay) Pvt. Ltd.
501, Sangli Bank Building
296, Perin Nariman Street, Fort
Mumbai 400 001

Under Section 11 (4) read with 11B of the Securities and Exchange Board of India Act, 1992 and Regulation 11 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 1995

1. M/s Akira Investments Pvt. Ltd.
2. M/s Habiscus Investments Pvt. Ltd.
3. M/s Onlooker Investment Pvt. Ltd.
4. M/s M’Belle International Pvt. Ltd.
5. M/s Alkan Projects Pvt. Ltd.
6. M/s Mayfair Realtors Pvt. Ltd.
7. M/s Mayfair Paper & Boards Pvt. Ltd.
8. M/s. Vynex Chemical Engineering (Bombay) Pvt. Ltd.

6 months

 

SEBI has passed an order against M/s Scimitar Investment & Trading Company Pvt. Ltd and Shri Sharad Rathi in the Matter of Dagger Forst Tools Limited.

05-Jan-2007

SEBI has restrained M/s Scimitar Investment and Trading Company Pvt. Ltd. (since amalgamated with Godavari Corporation Ltd.) and Shri Sharad Rathi from buying, selling and dealing or accessing the securities market in any manner for a period of 6 months from the date of this Order.

 

 

Under Section 11 (4) read with Section 11B of the Securities and Exchange Board of India Act, 1992, Regulation 11 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 1995 and Regulations 44 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

M/s Scimitar Investment & Trading Company Pvt. Ltd

Shri Sharad Rathi

6 months

 

SEBI has passed an order WTM/VKC/1D-7/17/06 against Ms. Aditi Dalal In The Matter Of Irregularities In The Trading Of The Shares Of M/S. Roofit Industries Ltd.

29-Nov-2006

SEBI has restrained Ms Aditi Dalal from buying, selling and dealing or accessing the securities market in any manner for a period of six months from the date of this order.

Under Section 11 (4) Read With 11b Of The Securities And Exchange Board Of India Act, 1992 And Regulation 11 Of The Securities And Exchange Board Of India (Prohibition Of Fraudulent And Unfair Trade Practices Relating To The Securities Market) Regulations, 1995.

Ms. Aditi Dalal

6 months

 

In the matter against Consortex Karl Doelitzsch(India)Ltd. and Shri. V.P. Rao

7-Feb-2006

SEBI has prohibited Corsortex Karl Doelitszsch (India) Ltd., and its directors viz., Shri M.Sudhakar Rao, Shri V.Manohar, Shri K.Satyanarayan, Shri S.Surya Prakasa Rao and Shri G.Krishna Mohan from accessing capital market or dealing in securities, in any manner, directly or indirectly, till further orders and restrained Shri.V.P.Rao from buying, selling or dealing in securities in any manner for a period of one year.

Under Section 11 And 11b Of Sebi Act, 1992 Read WithRegulation 11 And 13 Of Sebi (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Market) Regulations, 2003 Against Consortex Karl Doelitzsch(India) Ltd. And Shri. V.P. Rao

Corsortex Karl Doelitszsch (India) Ltd., and its directors viz., Shri M.Sudhakar Rao, Shri V.Manohar, Shri K.Satyanarayan, Shri S.Surya Prakasa Rao and Shri G.Krishna Mohan

1 year

 

M/S HI-ELEC ENGINEERS AND CONSULTANTS (P) LTD. IN THE MATTER OF VATSA WORLD LIMITED.

2-Feb-2006

SEBI prohibited Hi-Elec Engineers and Consultants (P) Ltd. from buying, selling or dealing in securities, in any manner, directly or indirectly for a period of one year.

UNDER SECTION 11 AND 11B OF THE SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST M/S HI-ELEC ENGINEERS AND CONSULTANTS (P) LTD. IN THE MATTER OF VATSA WORLD LIMITED.

Hi-Elec Engineers and Consultants (P) Ltd.

1 year

HOTLINE SECURITIES PVT LTD IN THE MATTER OF TACTFUL INVESTMENTS LIMITED

2-Feb-2006

SEBI prohibited Hotline Securities Ltd from buying, selling or dealing in securities in any manner, for a period of one year.

UNDER SECTION 11B READ WITH SECTION 11 (4) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 AND SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELAITNG TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST HOTLINE SECURITIES PVT LTD IN THE MATTER OF TACTFUL INVESTMENTS LIMITED

Hotline Securities Ltd

1 year

SHRI V.K. GUPTA IN THE MATTER OF VATSA WORLD LIMITED.

2-Feb-2006

SEBI prohibited Shri V.K. Gupta from buying, selling or dealing in securities, in any manner, directly or indirectly for a period of one year.

UNDER SECTION 11 AND 11B OF THE SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI V.K. GUPTA IN THE MATTER OF VATSA WORLD LIMITED.

Shri V.K. Gupta

1 year

M/S ABHIJAT TRADING CO. PVT. LTD. IN THE MATTER OF M/s. SHIRPUR GOLD REFINERY LTD

2-Feb-2006

SEBI restrained Abhijat Trading Company Pvt. Ltd. from accessing the securities market and also prohibit it from buying, selling and dealing in securities for a period of one year.

"UNDER SECTION 11 AND 11B OF THE SEBI ACT, 1992 READ WITH REGULATION 11 of SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST M/S ABHIJAT TRADING CO. PVT. LTD. IN THE MATTER OF M/s. SHIRPUR GOLD REFINERY LTD"

Abhijat Trading Company Pvt. Ltd.

1 year

SHRI B JAYAPRAKASH IN THE MATTER OF DEALING IN SHARES OF MOSCHIP SEMICONDUCTORS LTD.

1-Feb-2006

SEBI debars Shri B. Jayaprakash from buying, selling and dealing or accessing the securities market for a period of one year.

ORDER UNDER SECTION 11 AND 11B OF THE SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI B JAYAPRAKASH IN THE MATTER OF DEALING IN SHARES OF MOSCHIP SEMICONDUCTORS LTD.

Shri B. Jayaprakash

1 year

SHRI RAMESH PARIKH, Ms. VARSHA PARIKH AND SHRI M.K.PARIKH IN THE MATTER OF M/s MANNA GLASS TECH INDUSTRIES LTD.

1-Feb-2006

SEBI prohibited Shri Ramesh K. Parikh, Shri M. K. Parikh and Ms. Varsha R. Parikh from buying, selling or dealing in securities, in any manner whatsoever, for a period of one year.

"UNDER SECTION 11(4)(b) AND 11B OF SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI RAMESH PARIKH, Ms. VARSHA PARIKH AND SHRI M.K.PARIKH IN THE MATTER OF M/s MANNA GLASS TECH INDUSTRIES LTD."

Shri Ramesh K. Parikh, Shri M. K. Parikh and Ms. Varsha R. Parikh

1 year

In the matter against Mr. Pankaj A. Desai, Director, Mayekar Investment Pvt. Ltd., M/S. Shagufta Investments Pvt. Ltd., Mr. Praful Anantrai Desai,Mr. Darshan Desai in the matter of trading in the scrip of Avinash Information Technologies Ltd.

1-Feb-2006

SEBI has restrained Mr.Pankaj A. Desai, Director, M/s. Mayekar Investments Pvt. Ltd., Shagufta Investments Pvt. Ltd., Mr. Praful A Desai and Mr. Darshan Desai from associating with any corporate body in accessing the securities market and prohibiting them from buying, selling or dealing in securities, directly or indirectly for a period of one year.

Under Sections 11, 11b And 11(4) Of The Securities And Exchange Board Of India Act, 1992 Read With Regulations 11 And 13 Of Sebi (Prohibition Of Fraudulent And Unfair Trade Practices Relating To The Securities Market) Regulations, 2003 Against Mr. Pankaj A. Desai, Director, Mayekar Investment Pvt. Ltd., M/S. Shagufta Investments Pvt. Ltd., Mr. Praful Anantrai Desai, Mr. Darshan Desai In The Matter Of Trading In The Scrip Of Avinash Information Technologies Ltd.

Mr.Pankaj A. Desai, Director, M/s. Mayekar Investments Pvt. Ltd., Shagufta Investments Pvt. Ltd., Mr. Praful A Desai and Mr. Darshan Desai

1 year

SHRI ASHISH SURESH SHAH AND M/S RUSHIL ENTERPRISE

31-Jan-2006

SEBI restrained Shri. Ashish Suresh Shah and his firm viz., M/s Rushil Enterprises from buying, selling or dealing in securities in any manner and also restrain them from associating with any corporate body in accessing the securities market for a period of one year.

UNDER SECTION AND 11 AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 AND REGULATION 11 AND 13 OF THE SEBI (PROHIBTION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI ASHISH SURESH SHAH AND M/S RUSHIL ENTERPRISE

Shri. Ashish Suresh Shah and his firm viz., M/s Rushil Enterprises

1 year

SHRI.NIMESH MANHARLAL SHAH

31-Jan-2006

SEBI restrained Shri. Nimesh Manharlal Shah from buying, selling or dealing in securities in any manner and also restrain him from associating with any corporate body in accessing the securities market for a period of one year.

UNDER SECTION AND 11 AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 AND REGULATION 11 AND 13 OF THE SEBI (PROHIBTION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI.NIMESH MANHARLAL SHAH

Shri. Nimesh Manharlal Shah

1 year

MR. RAJNI M. PATEL, Ms. HEENA R PATEL, M/s. PARAGON INVESTMENTS PVT. LTD. AND MR. NILESH J PATEL IN THE MATTER OF AVINASH INFORMATION TECHNOLOGIES LTD.

31-Jan-2006

SEBI restraining of Mr. Rajni M Patel, Ms. Heena R Patel, M/s. Paragon Investments Pvt. Ltd. and Mr. Nilesh J Patel from accessing the securities market and prohibiting them from buying, selling or dealing in securities, directly or indirectly for a period of one year.

UNDER SECTIONS 11, 11B AND 11(4) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATIONS 11 AND 13 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003 AGAINST MR. RAJNI M. PATEL, Ms. HEENA R PATEL, M/s. PARAGON INVESTMENTS PVT. LTD. AND MR. NILESH J PATEL IN THE MATTER OF AVINASH INFORMATION TECHNOLOGIES LTD.

Mr. Rajni M Patel, Ms. Heena R Patel, M/s. Paragon Investments Pvt. Ltd. and Mr. Nilesh J Patel

1 year

M/s. ASK HOLDINGS PRIVATE LIMITED AND SHRI ASHOK KUMAR JAIN, DIRECTOR, M/s. ASK HOLDINGS PRIVATE LIMITED, IN THE MATTER OF M/S RASHEL AGROTECH LTD.

31-Jan-2006

SEBI restrains M/s Ask Holdings Private Ltd. and Shri. Ashok Kumar Jain, Director, ASK Holdings Pvt. Ltd. from associating with any corporate body in accessing the capital market and prohibit them from buying, selling or dealing in the securities in any manner whatsoever for a period of one year.

UNDER SECTIONS 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 AND REGULATION 11 OF THE SEBI(PROHIBTION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003 AGAINST M/s. ASK HOLDINGS PRIVATE LIMITED AND SHRI ASHOK KUMAR JAIN, DIRECTOR, M/s. ASK HOLDINGS PRIVATE LIMITED, IN THE MATTER OF M/S RASHEL AGROTECH LTD.

M/s Ask Holdings Private Ltd. and Shri. Ashok Kumar Jain, Director, ASK Holdings Pvt. Ltd.

1 year

SHRI SUSHIL VERMA, DIRECTOR, M/S. FOCUS PORTFOLIO LTD in the matter of M/S. HAVELLS INDIA LIMITED.

31-Jan-2006

SEBI directs that Shri Sushil Verma, Director of M/s. Focus Portfolio Ltd. be prohibited from buying, selling or dealing in securities, directly or indirectly, for a period of six months.

AGAINST SHRI SUSHIL VERMA, DIRECTOR, M/S. FOCUS PORTFOLIO LTD. UNDER SECTION 11B READ WITH SECTION 11 (4) (b) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992, READ WITH REGULATION 11 AND 13 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003, IN THE MATTER OF M/S. HAVELLS INDIA LIMITED.

Shri Sushil Verma, Director of M/s. Focus Portfolio Ltd.

6 months

SHRI TUSHAR JHAVERI

25-Jan-2006

SEBI restrains Shri. Tushar Jhaveri from buying, selling or dealing in securities in any manner and also restrain him from associating with any corporate body in accessing the securities market for a period of one year.

UNDER SECTION 11B OF SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI TUSHAR JHAVERI

Shri. Tushar Jhaveri

1 year

SHRI URVISH R. VORA AND SMT. PALLAVI VORA IN THE MATTER OF MOBILE TELECOMMUNICATIONS LTD.

24-Jan-2006

SEBI restrains Shri Urvish R Vora and Mrs. Pallvi Vora the noticees herein, from accessing the securities market and prohibit them from buying, selling and otherwise dealing in the securities for a period of three months from the date of the order.

DIRECTIONS UNDER SECTION 11 AND 11(4) (B) OF SEBI ACT, 1992 READ WITH REGULATIONS 11 AND 13 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO THE SECURITIES MARKET) REGULATIONS, 2003 AGAINST SHRI URVISH R. VORA AND SMT. PALLAVI VORA IN THE MATTER OF MOBILE TELECOMMUNICATIONS LTD.

Shri Urvish R Vora and Mrs. Pallvi Vora

3 months

ABHISHEK KHARE IN THE MATTER OF KWALITY DAIRY (INDIA) LIMITED

13-Jan-2006

"SEBI has restrained Mr. Abhishek Khare from accessing the securities market and prohibiting him from buying, selling or dealing in securities, directly or indirectly for a period of six months.
Ahishek Khare
303, Gold Star Tower
Indore."

UNDER SECTIONS 11, 11B and 11(4) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATION 11 AND 13 OF THE SEBI ( PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET ) REGULATIONS, 2003 AGAINST ABHISHEK KHARE IN THE MATTER OF KWALITY DAIRY (INDIA) LIMITED

Abhishek Khare

6 months

LAXMANBHAI PATEL, CHIRAG PUJARA AND SAYYED MUSTAFA IN THE MATTER OF KWALITY DAIRY (INDIA) LIMITED.

13-Jan-2006

SEBI has restrained Mr. Laxmanbhai Patel, Mr.Chirag Pujara and Mr.Sayyed Mustafa from accessing the securities market and prohibiting them from buying, selling or dealing in securities, directly or indirectly for a period of six months.

UNDER SECTIONS 11, 11B and 11(4) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATIONS 11 AND 13 OF THE SEBI ( PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET ) REGULATIONS, 2003 AGAINST LAXMANBHAI PATEL, CHIRAG PUJARA AND SAYYED MUSTAFA IN THE MATTER OF KWALITY DAIRY (INDIA) LIMITED.

Mr. Laxmanbhai Patel, Mr.Chirag Pujara and Mr.Sayyed Mustafa

6 months

DINILS ADHESIVES PVT LTD, IN THE MATTER OF TRADING IN THE SCRIP OF ASTRASENECA PHARMA INDIA LTD

12-Jan-2006

SEBI restrained DAPL, from accessing the securities market and prohibit it from buying, selling or dealing in securities for a period of six months.

UNDER SECTIONS 11 AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATIONS 11 AND 13 OF SEBI (FUTP) REGULATIONS, 2003 AGAINST DINILS ADHESIVES PVT LTD, IN THE MATTER OF TRADING IN THE SCRIP OF ASTRASENECA PHARMA INDIA LTD

DINILS ADHESIVES PVT LTD

6 months

IVORY SECURITIES LTD, IN THE MATTER OF TRADING IN THE SCRIP OF ASTRASENECA PHARMA INDIA LTD.

12-Jan-2006

SEBI restrained ISL, from accessing the securities market and prohibit it from buying, selling or dealing in securities for a period of six months.

UNDER SECTIONS 11 AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH REGULATIONS 11 AND 13 OF SEBI (FUTP) REGULATIONS, 2003 AGAINST IVORY SECURITIES LTD, IN THE MATTER OF TRADING IN THE SCRIP OF ASTRASENECA PHARMA INDIA LTD.

IVORY SECURITIES LTD

6 months

NAGESHWAR INVESTMENT LTD., 2. ADINATH BIO-LABS LTD., 3. GLOBE STOCKS & SECURITIES LTD., 4. GOENKA BUSINESS & FINANCE LTD. AND 5. CORONET INDUSTRIES LTD."

30-Nov-05

 

 

 

 

"The share prices of a five similar companies listed and traded on the CSE, following five companies, as the whose shares of these companies witnessed a sharp price variation ranging from 69% to 323% within within a short period between April 2005 to November 2005. on the Calcutta Stock Exchange (CSE): These companies are:
1. Nageshwar Investment Ltd.
2. Adinath Bio-labs Ltd.
3. Globe Stocks & Securities Ltd.
4. Goenka Business & Finance Ltd.
5. Coronet Industries Ltd

A) the following ten stock brokers of CSE shall not buy, sell or deal in securities, in any manner, either directly or indirectly, till further directions in this regard:
1. 1. Basant Periwal & Co.
2. Binoy Poddar
3. P K Agarwal & Co.
4. Pramod K Kothari
5. Purshottam Lal Kejdiwal
6. Santosh K Kejriwal Securities (P)
Ltd. (* Note )
7. Dinesh Kumar Lodha
8. Ashish Stock Broking
9. Sunil Kedia
10. Murari Lal Goenka
11. Shyam Lal Sultania
12. Ahilya Commercial Pvt. Ltd

B) In respect of Shyam Lal Sultania and Ahilya Commercial Pvt. Ltd., b Brokers of CSE (mentioned at Sr. No. 11 & 12 of para no. 4.1 A) against whom another order dated September 29, 2005 has been passed , twhereby hese two brokers they were are directed not to buy, sell or deal in securities in any manner, either directly or indirectly, both the orders will run concurrently, till further directions in them in both the orders.

C) The trading in the following companies shall remain suspended till further directions in this regard.
1. Nageshwar Investment Ltd.
2. Adinath Bio-labs Ltd.
3. Globe Stocks & Securities Ltd.
4. Goenka Business & Finance Ltd.
5. Coronet Industries Ltd."

[Vide its order no. WTM/TCN/ERO/30/AUG/2008 dated August 11, 2008, SEBI has directed that the restraint order imposed by way of interim orders dated 29-09-2005, 30-11-2005 and subsequent orders dated 12-01-2006 and 31-05-2006 on the stock brokers affiliated with the CSE is vacated.  The CSE stock brokers mentioned in the order are -

1.     Shivam Stock Broking Pvt. Ltd.,

2.     Shyam Lal Sultania,

3.     Ahilya Commercial Pvt. Ltd.,

4.     A V Shares & Stock Broking Pvt. Ltd.,

5.     Rajendra Prasad Shah,

6.     Badri Prasad & Sons,

7.     S Jhunjhunwala & Co,

8.     Ram Mohan Sarda,

9.     M Bhiwaniwala & Co,

10.  Basant Periwal & Co,

11.  Binoy Poddar,

12.  P K Agarwal & Co,

13.  Pramod K Kothari,

14.  Puroshattam Lal Kejdiwal,

15.  Santosh Kumar Kejriwal Securities (P) Ltd.,

16.  Dinesh Kumar Lodha,

17.  Sunil Kedia,

18.  Ashish Stock Broking Pvt. Ltd., and

19.  Murari Lal Goenka.]

UNDER SECTIONS 11B AND 11(4) OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992



The trading in the following companies shall remain suspended till further directions in this regard.
1. Nageshwar Investment Ltd.
2. Adinath Bio-labs Ltd.
3. Globe Stocks & Securities Ltd.
4. Goenka Business & Finance Ltd.
5. Coronet Industries Ltd."

Till further orders

M/s Digital Stocks & its Proprietor, Shri Dheeraj Kumar Madaan, (2) Ganpati Finsec Pvt Ltd and its directors Shri Devender Mittal, Smt. Ritu Mittal and Dr. K.C Mittal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SEBI order In The Matter Of (1) M/S

Digital Stocks And Its Proprietor, Shri Dheeraj Kumar

Madaan, (2) Ganpati Finsec Pvt Ltd And Its Directors Viz Shri

Devender Mittal, Smt. Ritu Mittal And Dr. K.C Mittal And (3) M/S

Ansh Bharati And Its Proprietor Shri Amit Mittal.

 

5-Oct-2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28-Sep-2007

 

a. Shri Dheeraj Kumar Madaan, Proprietor of M/s Digital Stocks, having its office at 3, Circular Road, Mawa Market, Abohar, District Ferozepur (Punjab) is prohibited, with immediate effect, from buying, selling or dealing in securities or being associated with the securities market in any manner. b. GFPL and its directors namely Shri Devender Mittal, Smt. Ritu Mittal and Dr. K.C Mittal are prohibited, with immediate effect, from buying, selling or dealing in securities or being associated with the securities market in any manner whatsoever.

 

 

 

SEBI vide its order dated September 28, 2007 has interalia directed that:

 

M/s Ganpati Finsec Pvt. Ltd. and its directors viz. Shri Devender Mittal, Smt. Ritu Mittal and Dr. K.C Mittal, M/s Digital Stocks and its proprietor, Shri Dheeraj Kumar Madaan and M/s Ansh Bharati and its proprietor, Shri Amit Mittal are restrained from accessing the securities market and they are also prohibited from associating with the securities market to buy, sell or deal in securities either directly or indirectly for a period of three years.

The period of prohibition already undergone by M/s Ganpati Finsec Pvt. Ltd. and its directors viz. Shri Devender Mittal, Smt. Ritu Mittal and Dr. K.C Mittal, M/s Digital Stocks and its proprietor, Shri Dheeraj Kumar Madaan vide Securities and Exchange Board of India order dated October 05, 2005 would be reduced from the said period of three years.

 

Order under Section 11(1) and Section 11(4)(d), read with Section 11B and Section 19 of the SEBI Act, 1992

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Under Sections 11(1), 11(4), And 11b Of Securities

And Exchange Board Of India Act, 1992 Read With Regulation

11 Of Securities And Exchange Board Of India (Prohibition Of

Fraudulent And Unfair Trade Practices Relating To Securities Market)  Regulations, 2003

 

 

M/s Digital Stocks & its Proprietor,

Shri Dheeraj Kumar Madaan

 

Ganpati Finsec Pvt Ltd and its directors

Shri Devender Mittal, Smt. Ritu Mittal

Dr. K.C Mittal

 

M/s Ansh Bharati and its proprietor,

Shri Amit Mittal

3 years

Prime Capital Market Ltd,Subh Laxmi Projects Ltd,Global Capital Markets Ltd,Bankam Investments Ltd,ST Services Ltd,Amluckie Investment Co Ltd

29-Sep-05

"A) the following eleven stock brokers of CSE shall not buy, sell or deal in securities, in any manner, either directly or indirectly, till further directions in this regard:
1. Sanju Kabra
2. Shivam Stock Broking Pvt. Ltd.
3. D B & Co.
4. Rajendra Prasad Shah
5. Badri Prasad & Sons
6. M Bhiwaniwala & Co.
7. Ram Mohan Sarda
8. A V Shares & Stock Brokers Pvt. Ltd.
9. Shyam Lal Sultania
10. Ahilya Commercial Pvt. Ltd.
11. S Jhunjhunwala & Co.
B) The trading in the following companies shall remain suspended till further directions in this regard.
1. Prime Capital Market Ltd.
2. Subh Laxmi Projects Ltd.
3. Global Capital Market Ltd.
4. Bankam Investments Ltd.
5. S. T. Services Ltd.
6. Amluckie Investment Co."

 

[ Vide its order no. WTM/TCN/ERO/09/June/08 dated June 02, 2008, SEBI has revoked the suspension imposed on the trading of shares of M/s.Subh Laxmi Projects Limited, now known as M/s.Concrete Credit Limited. ]

 

[ Vide its order no. WTM/TCN/ERO/17/July/2008 dated July 02, 2008, SEBI has directed that the certificate of registration granted by the SEBI to M/s.Sanju Kabra be suspended for a period of 4 months after setting-off period of debarment already undergone. ]

 

[Vide its order no. WTM/TCN/ERO/30/AUG/2008 dated August 11, 2008, SEBI has directed that the restraint order imposed by way of interim orders dated 29-09-2005, 30-11-2005 and subsequent orders dated 12-01-2006 and 31-05-2006 on the stock brokers affiliated with the CSE is vacated.  The CSE stock brokers mentioned in the order are -

1.     Shivam Stock Broking Pvt. Ltd.,

2.     Shyam Lal Sultania,

3.     Ahilya Commercial Pvt. Ltd.,

4.     A V Shares & Stock Broking Pvt. Ltd.,

5.     Rajendra Prasad Shah,

6.     Badri Prasad & Sons,

7.     S Jhunjhunwala & Co,

8.     Ram Mohan Sarda,

9.     M Bhiwaniwala & Co,

10.  Basant Periwal & Co,

11.  Binoy Poddar,

12.  P K Agarwal & Co,

13.  Pramod K Kothari,

14.  Puroshattam Lal Kejdiwal,

15.  Santosh Kumar Kejriwal Securities (P) Ltd.,

16.  Dinesh Kumar Lodha,

17.  Sunil Kedia,

18.  Ashish Stock Broking Pvt. Ltd., and

19.  Murari Lal Goenka.]

 

 

Order under Sec 11 B and Sec 11(4) of the SEBI Act

The trading in the following companies shall remain suspended till further directions in this regard.
1. Prime Capital Market Ltd.
2. Global Capital Market Ltd.
3. Bankam Investments Ltd.
4. S. T. Services Ltd.
5. Amluckie Investment Co."

Till further orders

 

 

Aastha Broadcasting Network Ltd. and 39 other entities

6-Sep-2005

"1. Aastha Broadcasting Network Limited, 2. Cheneena Impex Pvt. Ltd, 3. CMM Ltd., 4. Neena Mehta, 5. Ceean Impex Pvt. Ltd., 6. Smitasha Impex Pvt. Ltd., 7. Prarekha Exim Pvt. Ltd., 8. Bratiti Finlease Pvt. Ltd., 9. Bicharsil Traders Pvt. Ltd., 10. Bhairav Tradelink Pvt. Ltd., 11. Deepmala Dealers Pvt. Ltd., 12. Divya Dealers Pvt. Ltd., 13. Gurupath Merchandise Pvt. Ltd., 14. Jeet Vanijya Pvt. Ltd., 15. Navltex Marketing Pvt. Ltd., 16. Saltlake Merchants Pvt. Ltd., 17. Savera Traders Pvt. Ltd., 18. Alkon Trading, 19. Arihant Ltd., 20. ATN Telefilms, 21. Celeste Merchandise Pvt. Ltd., 22. CMS Infotech, 23. Modern power Pvt Ltd., 24. Network Power Pvt. Ltd., 25. Noble Power Pvt. Ltd., 26. Rangbarshi Projects Pvt. Ltd., 27. Ricon Tie Up Pvt. Ltd., 28. Sheetal Farms Ltd., 29. Weldorf Trade links, 30. Whiteline Barter, 31. Sunny Dealers, 32. Vikas Power Pvt. Ltd., 33. Herald commerce Ltd., 34. Avon Mercantile Ltd., 35. Aminex Projects, 36. Niharika Ltd., 37. Mangalam India Ltd., 38. Pratima commodities /Indo Invest vision Ltd., 39. ATN International and 40. Sunrise Movies Pvt. Ltd. shall be prohibited from buying, selling and dealing in securities and accessing the capital market till 14th January, 2007.
b. Consequently, the shares of Aastha Broadcasting Network Limited that were frozen in the demat accounts of 1. Cheneena Impex Pvt. Ltd, 2. CMM Ltd., 3. Neena Mehta, 4. Ceean Impex Pvt. Ltd., 5. Smitasha Impex Pvt. Ltd., 6. Prarekha Exim Pvt. Ltd., 7. Bratiti Finlease Pvt. Ltd., 8. Bicharsil Traders Pvt. Ltd., 9. Bhairav Tradelink Pvt. Ltd., 10. Deepmala Dealers Pvt. Ltd., 11. Divya Dealers Pvt. Ltd., 12. Gurupath Merchandise Pvt. Ltd., 13. Jeet Vanijya Pvt. Ltd., 14. Navltex Marketing Pvt. Ltd., 15. Saltlake Merchants Pvt. Ltd., 16. Network Power Pvt. Ltd., and 17. Savera Traders Pvt. Ltd., shall continue to remain frozen in their demat accounts till 14th January, 2007."

DIRECTION UNDER SECTION 11(4) (b) READ WITH SECTION 11 AND 11B OF SECURITIES AND EXCHANGE BOARD OF INDIA, ACT, 1992 READ WITH REGULATION 11 AND 13 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 2003

"1. Aastha Broadcasting Network Limited, 2. Cheneena Impex Pvt. Ltd, 3. CMM Ltd., 4. Neena Mehta, 5. Ceean Impex Pvt. Ltd., 6. Smitasha Impex Pvt. Ltd., 7. Prarekha Exim Pvt. Ltd., 8. Bratiti Finlease Pvt. Ltd., 9. Bicharsil Traders Pvt. Ltd., 10. Bhairav Tradelink Pvt. Ltd., 11. Deepmala Dealers Pvt. Ltd., 12. Divya Dealers Pvt. Ltd., 13. Gurupath Merchandise Pvt. Ltd., 14. Jeet Vanijya Pvt. Ltd., 15. Navltex Marketing Pvt. Ltd., 16. Saltlake Merchants Pvt. Ltd., 17. Savera Traders Pvt. Ltd., 18. Alkon Trading, 19. Arihant Ltd., 20. ATN Telefilms, 21. Celeste Merchandise Pvt. Ltd., 22. CMS Infotech, 23. Modern power Pvt Ltd., 24. Network Power Pvt. Ltd., 25. Noble Power Pvt. Ltd., 26. Rangbarshi Projects Pvt. Ltd., 27. Ricon Tie Up Pvt. Ltd., 28. Sheetal Farms Ltd., 29. Weldorf Trade links, 30. Whiteline Barter, 31. Sunny Dealers, 32. Vikas Power Pvt. Ltd., 33. Herald commerce Ltd., 34. Avon Mercantile Ltd., 35. Aminex Projects, 36. Niharika Ltd., 37. Mangalam India Ltd., 38. Pratima commodities /Indo Invest vision Ltd., 39. ATN International and 40. Sunrise Movies Pvt. Ltd.

Upto Jan 14, 2007

SHRI DINESH KUMAR SIGHANIA IN RESPECT OF ACQUISITION OF SHARES OF BOMBAY DYEING AND MANUFACTURING CO. LTD.

18-Feb-2005

Shri Dinesh Kumar Singhania has been instructed to dissociate himself from the capital market and that he shall not deal in securities in any manner whatsoever for a period of One year. Adjudication proceedings has also been initiated against Shri Singhania under Section 15A read with Section 15-1 of the SEBI Act, 1992 for violation of Regulation 7 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. This order shall come into effect from March 12, 2005.

ORDER UNDER SECTION 11 AND 11B OF THE SEBI ACT, 1992

Shri Dinesh Kumar Singhania

1 year

M/S. BUSINESS POINT SERVICES IN THE MATTER OF M/S. RITESH POLYESTER LTD.

18-Feb-2005

M/s Business Point Services has been restrained from accessing the securities market and also be prohibited from buying, selling or dealing in securities for a period of one year.

UNDER SECTION 11B OF SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 1995

M/s Business Point Services

1 year

M/S. VISHAL ENTERPRISES IN THE MATTER OF M/S. RITESH POLYSTER LTD.

18-Feb-2005

M/s Vishal Enterprises has been restrained from accessing the securities market and also be prohibited from buying, selling or dealing in securities for a period of one year.

UNDER SECTION 11B OF SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 1995

M/s Vishal Enterprises

1 year

Shri Bhavesh Dhadia and Shri Ramesh Dhadia (in the case of Synthiko Foils limited)

21-Sep-2004

Shree Ramesh Dadhia and Shri Bhavesh Dadhia has been debarred from buying, selling or dealing in securities, in any manner, directly or indirectly for a period of eighteen months. This order shall come into force with immediate effect.

Under regulation 11 of the (Prohibition of Fraudulent and Unfair Trade Practices relating to securities market) regulations, 2003 read with section 11B of the SEBI act, 1992.

Shree Ramesh Dadhia and Shri Bhavesh Dadhia

18 months

Farookh Pavri,. Sangeeta Shah, Darshna Shah, Tejas Shah, Sanjay Balkiwal,Nazneen Ravji, Delnaz Ravji and Shirin Pavri (in the matter of Infoquest Software Exports Ltd.)

15-Sep-2004

Farookh Pavri, Sangeeta Shah, Darshana Shah, Tejas Shah, Sanjay Balkiwal, Nazneen Ravji, Delnaz Ravji and Shirin Ravji have been prohibited from buying, selling or dealing in securities for a period of eighteen months. This order shall come into force with immediate effect.

Under Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair trade practices relating to Securities Markets) Regulations, 2003 and Section 11 And 11B of The SEBI Act, 1992.

Farookh Pavri, Sangeeta Shah, Darshana Shah, Tejas Shah, Sanjay Balkiwal, Nazneen Ravji, Delnaz Ravji and Shirin Ravji

18 months

Shri D.K. Shah (in The matter of Infoquest Software Exports Ltd.)

15-Sep-2004

Shri. D K Shah has been prohibited from buying, selling or dealing in securities for a period of two years. This order shall come into force with immediate effect.

Under Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Markets) Regulations, 2003 and Section 11 And 11B of The SEBI Act, 1992.

Shri D.K. Shah

2 years

 

M/s. Krishna Filaments Ltd. and its Promoters / Directors and associate concerns / Entities

10-Sep-2004

Directors of KFL such as Shri K K Agarwal, Shri S.K. Agarwal, R.K. Agarwal and O.P. Agarwal and the associate concerns / entities of KFL such as 1) Shri Jiten Mehta, 2) M/s.Dharamshi Capital Services, 3) M/s. Krishna Vinyls Ltd., 4) Smt. M.B.Joshi, 5) M/s. Marvellous Trading Pvt.Ltd. And Its Directors such as Ratnesh Chand Jain, Reena Jain, Nitin Deshpande, Sunil Radhakrishnan Nair, Murugan Pillai, Murari Poddar, Lunkaran Kayal, Vijayalakshmi Poddar, Siji Nair, Sundeep Kabra and Meenakshi Kabra; 6) M/s. Precise Exports Ltd. and Its Directors such as Ratnesh Chand Jain, Reena Jain, Renuka Motwani, Murugan Pillai, Sunil Nair, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar and Draupadi Kayal; 7) M/s. Competent Trading Pvt.Ltd. and its Directors such as Ratnesh Chand Jain, Reena Jain, Renuka Motwani, Bhavna Mehta, Sunil Nair, Murugan Pillai, Murari Poddar, Lunkaran Kayal and Vijayalaxmi Poddar 8) M/s. Gainful Exports Pvt.Ltd. and its Directors such as R.C. Jain, Reena Jain, Sunil Nair, Jiten Mehta, Murugal Pillai, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar, Rajashree Mehta, Pramila Mehta; 9) M/s. Responsive Plastics Pvt.Ltd. and its Directors such as Ratnesh Chand Jain, Reena Jain, Jiten Mehta, Nitin Deshpande, Sunil Nair, Murugan Pillai, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar, Sushilkumar Agarwal And Babita Agarwal; 10 ) M/s. Dominance Trade And Investments Ltd. and its Directors such as Kavita Jain, Bharti Jain, Bhavna Mehta, Murugan Pillai, Sunil Nair, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar, Subhalaxmi Pillai And Vishwanathan Pillai; 11) M/s. Lyric Investment And Trading Pvt.Ltd. and its Directors such as Ratnesh Chand Jain, Mahendra Patole, Sanjay Kabra, Murugan Pillai, Lunkaran Kayal, Vijayalaxmi Poddar, Malalaxmi Pillai 12) Shri Sunil Nair and 13) Shri Lunkaran Kayal are prohibited from accessing the capital market and dealing in securities for a period of 5 (five) years

Section 11B of The SEBI Act, 1992 read with regulation 11 And 13 of the SEBI (Prohibition of Fraudulent and Unfair trade practices relating to Securities Market) Regulations, 1995 read with regulation 13 of The SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 read with Regulation 44 of The SEBI (Substantial Acquisition of Shares And Takeovers) Regulations,1997.

M/s. Krishna Filaments Ltd.

Directors of KFL such as Shri K K Agarwal, Shri S.K. Agarwal, R.K. Agarwal and O.P. Agarwal and the associate concerns / entities of KFL such as 1) Shri Jiten Mehta, 2) M/s.Dharamshi Capital Services, 3) M/s. Krishna Vinyls Ltd., 4) Smt. M.B.Joshi, 5) M/s. Marvellous Trading Pvt.Ltd. And Its Directors such as Ratnesh Chand Jain, Reena Jain, Nitin Deshpande, Sunil Radhakrishnan Nair, Murugan Pillai, Murari Poddar, Lunkaran Kayal, Vijayalakshmi Poddar, Siji Nair, Sundeep Kabra and Meenakshi Kabra; 6) M/s. Precise Exports Ltd. and Its Directors such as Ratnesh Chand Jain, Reena Jain, Renuka Motwani, Murugan Pillai, Sunil Nair, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar and Draupadi Kayal; 7) M/s. Competent Trading Pvt.Ltd. and its Directors such as Ratnesh Chand Jain, Reena Jain, Renuka Motwani, Bhavna Mehta, Sunil Nair, Murugan Pillai, Murari Poddar, Lunkaran Kayal and Vijayalaxmi Poddar 8) M/s. Gainful Exports Pvt.Ltd. and its Directors such as R.C. Jain, Reena Jain, Sunil Nair, Jiten Mehta, Murugal Pillai, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar, Rajashree Mehta, Pramila Mehta; 9) M/s. Responsive Plastics Pvt.Ltd. and its Directors such as Ratnesh Chand Jain, Reena Jain, Jiten Mehta, Nitin Deshpande, Sunil Nair, Murugan Pillai, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar, Sushilkumar Agarwal And Babita Agarwal; 10 ) M/s. Dominance Trade And Investments Ltd. and its Directors such as Kavita Jain, Bharti Jain, Bhavna Mehta, Murugan Pillai, Sunil Nair, Murari Poddar, Lunkaran Kayal, Vijayalaxmi Poddar, Subhalaxmi Pillai And Vishwanathan Pillai; 11) M/s. Lyric Investment And Trading Pvt.Ltd. and its Directors such as Ratnesh Chand Jain, Mahendra Patole, Sanjay Kabra, Murugan Pillai, Lunkaran Kayal, Vijayalaxmi Poddar, Malalaxmi Pillai 12) Shri Sunil Nair and 13) Shri Lunkaran Kayal

5 years

 

[Pls refer Order (Appeal No.121 of 2005) dated April 29, 2008,  of  the Securities Appellate Tribunal (SAT)]

 

Shree Rama Polysynth Private Ltd. and its directors Mr. Manish Patel and Mr. Asit Patel (in the matter of Shree Rama Multi Tech Ltd.)

6-Sep-2004

Shree Rama Polysynth Private Ltd. and its directors Mr. Manish Patel and Mr. Asit Patel has been restrained from accessing the securities market and prohibited from buying, selling and dealing in securities, directly or indirectly, for a period of three years. This order shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

Shree Rama Polysynth Private Ltd. and its directors Mr. Manish Patel and Mr. Asit Patel

3 years

Shree Developers Private Ltd. and its directors Nathubhai Patel and Asit Patel (in the matter of Shree Rama Multi Tech Ltd.)

6-Sep-2004

Shree Developers Private Ltd. and its directors Nathubhai Patel and Asit Patel has been restrained from accessing the securities market and prohibited from buying, selling and dealing in securities, directly or indirectly, for a period of three years. This order shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

Shree Developers Private Ltd. and its directors Nathubhai Patel and Asit Patel

3 years

Satellite Management Services Private Ltd. and its directors Mr. Mahesh Patel and Mr. Chandrakant Patel (in the matter of Shree Rama Multi Tech Ltd.)

6-Sep-2004

Satellite Management Services Private Ltd. and its directors Mr. Mahesh Patel and Mr. Chandrakant Patel has been restrained from accessing the securities market and prohibited from buying, selling and dealing in securities, directly or indirectly, for a period of three years. This order shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

Satellite Management Services Private Ltd. and its directors Mr. Mahesh Patel and Mr. Chandrakant Patel

3 years

Ms. Asha Patel (in the matter of Shree Rama Multi Tech Ltd.)

6-Sep-2004

Ms. Asha Patel has been restrained from accessing the securities market and prohibited from buying, selling and dealing in securities, directly or indirectly, for a period of three years. This order shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

Ms. Asha Patel

3 years

Ideal Petro Products Ltd. and its director Mr. Mahesh Patel, Mr. Chandrakant Patel and Mr. Praful Shah (in the matter of Shree Rama Multi Tech Ltd.)

6-Sep-2004

Ideal Petro Products Ltd. and its directors Mr. Mahesh Patel, Mr. Chandrakant Patel and Mr. Praful Shah has been restrained from accessing the securities market and prohibited from buying, selling and dealing in securities, directly or indirectly, for a period of three years. This order shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

Ideal Petro Products Ltd. and its director Mr. Mahesh Patel, Mr. Chandrakant Patel and Mr. Praful Shah

3 years

M/s. East West Polyart Limited and its directors Mr. Mahesh Patel and Mr. Chandrakant Patel (in the matter of Shree Rama Multi-Tech Ltd.)

6-Sep-2004

M/s. East West Polyart Limited and its directors Mr. Mahesh Patel and Mr. Chandrakant Patel has been restrained from accessing the securities market and prohibited from buying, selling or dealing in securities, directly or indirectly for a period of three (3) years. This direction shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

M/s. East West Polyart Limited and its directors Mr. Mahesh Patel and Mr. Chandrakant Patel

3 years

Shree Rama Multi Tech Ltd and its directors Mr. Vikram Patel, Mr. Sharad Patel, Mr. Prakash Patel, Mr. Rambhai Patel, Mr. Hansraj Kanji and Dr. Prakash Trivedi

6-Sep-2004

Shree Rama Multi Tech Ltd. and its directors Mr. Vikram Patel, Mr. Sharad Patel, Mr. Prakash Patel, Mr. Rambhai Patel, Mr. Hansraj Kanji and Dr. Prakash Trivedi has been restrained from accessing the securities market and prohibited from buying, selling and dealing in securities, directly or indirectly, for a period of five years. This order shall come into force with immediate effect.

Under Section 11B read with section 11(4) of SEBI act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003

Shree Rama Multi Tech Ltd and its directors Mr. Vikram Patel, Mr. Sharad Patel, Mr. Prakash Patel, Mr. Rambhai Patel, Mr. Hansraj Kanji and Dr. Prakash Trivedi

5 years

 

Shri Murli Lekhraj, Sanwa Finance Pvt. Ltd., M/s. Sanwa Development Pvt. Ltd., Shri Janak Vaswani and M/s. Jayem Exports Pvt. Ltd. (in the matter of M/s. United Western Bank Limited )

31-Aug-2004

Shri Murli Lekhraj along with Sanwa Finance P. Ltd., Sanwa Developments P. Ltd. and Jayem Exports P. Ltd. has been debarred from accessing the securities market and from buying, selling or dealing in securities for a period of 2 years. This order shall come into force with immediate effect.

Under Regulation 11 of the SEBI (Prohibition Of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 Read With Section 11b of The SEBI Act, 1992.

Shri Murli Lekhraj, Sanwa Finance Pvt. Ltd., M/s. Sanwa Development Pvt. Ltd., Shri Janak Vaswani and M/s. Jayem Exports Pvt. Ltd.

2 years

Subhash Capital City Limited (in the matter of Subhash Projects & Marketing Ltd.)

17-Aug-2004

Subhash Capital City Ltd. has been prohibited from accessing the securities market and dealing in securities for a period of two years. This order has come into force with immediate effect.

Under Regulation 11 of Securities And Exchange Board Of India (Prohibition of Fraudulent and Unfair trade practices relating to securities market) Regulation 2003, read with Section 11 B of the SEBI Act, 1992.

Subhash Capital City Ltd.

2 years

Ms. Harbinger Trading Co. Pvt. Ltd. (in The Matter of Shrenuj & Co. Ltd.)

31-Aug-2004

M/s. Harbinger Trading Co. Pvt. Ltd. has been directed to disassociate itself from the securities market and not to deal in securities for a period of six months. This Order came into effect immediately.

Under Section 11 And 11 B of The Securities And Exchange Board Of India Act 1992, Read With Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating To The Securities Market) Regulations, 2003

M/s. Harbinger Trading Co. Pvt. Ltd

6 months

Aditi Dalal (in the matter of Shrenuj & Co. Ltd.)

31-Aug-2004

Ms. Aditi Dalal has been directed to disassociate herself from the securities market and no to deal in securities for a period of six months. This Order shall come into effect immediately

Under Section 11 And 11 B of The Securities And Exchange Board Of India Act 1992, Read with Regulation 11 Of SEBI (Prohibition Of Fraudulent And Unfair Trade Practices Relating to the Securities Market) Regulations, 2003

Aditi Dalal

6 months

 

M/s. Bishwanath Murlidhar, Member BSE

27-Apr-2004

The proprietor of M/s. Bishwanath Murlidhar – Mr. Bishwanath Murlidhar has been prohibited from buying, selling or dealing in securities in his individual capacity for a period of two years with immediate effect.

Under Sections 19, 11 and 11B of the SEBI Act, 1992, read with Regulation 11 of the SEBI (Prohibition of fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003.

Bishwanath Murlidhar

2 years

 

Promoters of Aftek Infosys Limited , Shri Ranjit Mohan Dhuru, Shri Pramod Broota, Shri Nitin Kashinath Shukla, Shri Sandip Save, Shri Ashutosh Humnabadkar, Shri Ravindranath Umakant Malekar, Shri Mukul Suryakant Dalal and Shri Charuhas Vasant Khopkar

8-Mar-2004

The promoters of Aftek Infosys Limited viz Shri Ranjit Mohan Dhuru, Shri Pramod Broota, Shri Nitin Kashinath Shukla, Shri Sandip Save, Shri Ashutosh Humnabadkar, Shri Ravindranath Umakant Malekar, Shri Mukul Suryakant Dalal and Shri Charuhas Vasant Khopkar have been prohibited from buying, selling or dealing in securities for a period of one year from March 08, 2004.

Under Section 4(3) read with section 11B of SEBI Act and regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 1995

The promoters of Aftek Infosys Limited viz Shri Ranjit Mohan Dhuru, Shri Pramod Broota, Shri Nitin Kashinath Shukla, Shri Sandip Save, Shri Ashutosh Humnabadkar, Shri Ravindranath Umakant Malekar, Shri Mukul Suryakant Dalal and Shri Charuhas Vasant Khopkar

1 year

Shashikant G. Badani (‘related parties’ acting in concert with the promoters of Cyberspace Ltd.)

26-Feb-2004

Shri. Shashikant G Badani has been directed to restrained from associating with any corporate body in accessing the securities market and prohibited from buying, selling or dealing in securities, directly or indirectly, for a period of one year. This direction shall come into force with immediate effect.

Under Section 19 read with Section 11 and 11B of the SEBI Act, 1992 read with Regulations 11 and 13 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market)

Shri. Shashikant G Badani

1 year

M/s Ace Finance and its proprietor Shri Suketu Kapadia.

11-Feb-2004

M/s Ace Finance and its proprietor Shri Suketu Kapadia has been prohibited from dealing in securities for a period of one year.

Under Section 19 read with Section 11 and 11B of the SEBI Act, 1992

M/s Ace Finance and its proprietor Shri Suketu Kapadia.

1 year

"Shri Kamlesh J. Shroff
Shri Pradip R. Shroff
Marine Drive
Matunga Investment
Mahim Investment
Cumulative Investment
Desai Investment
Maxworth Investment "

11-Feb-2004

Shri Kamlesh J. Shroff has been prohibited from dealing in securities for a period of three years. Shri Pradip R. Shroff, Marine Drive Investment, Matunga Investment, Mahim Investment, Cumulative Investment, Desai Investment and Maxworth have been prohibited from dealing in securities for a period of one year.

Under Section 19 of SEBI Act, 1992 read with Regulation 11 of SEBI (Prohibition Of Fraudulent And Unfair Trade Practices Relating To Securities Markets) Regulations, 2003 and Section 11 and 11B of the SEBI Act

Shri Kamlesh J. Shroff
Shri Pradip R. Shroff
Marine Drive
Matunga Investment
Mahim Investment
Cumulative Investment
Desai Investment
Maxworth Investment

1 year

"Park Light Investment Pvt. Ltd., all its associate broking entities including Park Light Securities Ltd. and H Nyalchand Financial Services Ltd.
Shri Uday Vora
Shri Dhiren Vora
Shri Hashmukh Vora"

29-Jan-2004

Park Light Investment Pvt. Ltd., all its associate broking entities including Park Light Securities Ltd. and H Nyalchand Financial Services Ltd. have been prohibited from undertaking any fresh business as a stock broker or merchant banker till further orders. Further, Park Light Investment Pvt. Ltd. all its associate broking entities including Park Light Securities Ltd. and H Nyalchand Financial Services Ltd., Shri Uday Vora, Shri Dhiren Vora and Shri Hashmukh Vora, the directors of the above entities and other directors of all the above mentioned entities have been prohibited from buying, selling or dealing in securities in any manner until further orders.

Under Section 19 with Section 11(4) (b) and Section 11 and 11B of SEBI Act,

Park Light Investment Pvt. Ltd Park Light Securities Ltd.

H Nyalchand Financial Services Ltd.
Shri Uday Vora
Shri Dhiren Vora
Shri Hashmukh Vora

Till further orders

Shri A L Shilotri

2-Jan-2004

Shri Shilotri has been directed to dissociate himself from the securities market and not to deal in securities henceforth for a period of 6 months.

Under section 11 read with section 11B of the SEBI Act, 1992 and SEBI (Prohibition of Insider Trading) Regulations, 1992

Shri A L Shilotri

6 months