sebi:16947
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Facts / Headnote
Debarment from operating in and accessing the capital market for 5 years
Provisions invoked
- s. 11B
Regulations
- Reg. 73
Holding
The noticees were debarred from operating in the capital market and from accessing the capital market for a period of 5 years from the date of the Order for failing to comply with the directions of a prior Order, in violation of Regulation 73 of the SEBI (Collective Investment Schemes) Regulations, 1999.
Full text
As you have failed to comply with the directions of the said Order, you have violated the provisions of Regulation 73 of the SEBI (Collective Investment Schemes) Regulations, 1999. Now, therefore, in exercise of the powers conferred under Section 11B of the SEBI Act, 1992, I hereby debar you/your promoters/your directors/your managers/persons in charge of the business of your schemes (whose names are mentioned in Annexure) from operating in the capital market and from accessing the capital market for a period of 5 years from the date of this Order. Place: Mumbai Date: July 29, 2002 G.N. BAJPAI CHAIRMAN SECURITIES AND EXCHANGE BOARD OF INDIA Annexure Names of promoters Mr. Kamaljeet Singh (S/o Mr. Jagdish Singh) Mr. Amit Kundu (S/o late Mr. B.C. Kundu) Mr. Gurjeet Singh (S/o late Mr. Buta Singh) Mr. Jagmohan Rawat (S/o Mr. S.S. Rawat) Mr. Bhushanendu Kumar Verma (S/o Mr. Shiv Kumar Verma) Mr. Prithi Paul Singh Sethi - also director (S/o Mr. R.S. Sethi) Mr. R. Prasad - also director Mr. Chand Kumar Verma - also director Mr. Feroze Khan
Names of other directors Mr. R.B. Singh (S/o Mr. Shanker Lal) Mr. R.P. Sharma Names of managers/persons-in-charge of business of schemes Mr. R.D. Besoya, General Manager Mr. P.C. Panni, Advisor Mr. S.K. Dass, Senior Executive Mr. R.R. Maurya, Senior Executive Mr. A.K. Mandal, Senior Executive Mr. B.C. Roy Chaoudhary, Development director Mr. R.K. Pathak, Development Director Mr. V.K. Verma, Manager Mr. Sushil Dixit, Manager Mr. Akif Ayubi, Manager Mr. Harpal Singh, Manager
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Source: SecMarx — sebi:16947. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.