sebi:16951
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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, their promoters, directors, managers, and persons in charge of the business of the schemes are 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.
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. K.D. Sharma - also director (S/o Mr. Jagat Ram) Mrs. Sudesh Sharma (W/o Mr. K.D. Sharma) Mrs. Kabita Sahu - also director (W/o Mr. L.N. Sahu) Mr. Rajesh Sharma (S/o Mr. Prem Chand) Mrs. Rashpal Kaur (W/o Mr. Kirpal Chand) Mr. K.K. Sangral (S/o Mr. Boli Ram) Mr. Som Datt (S/o Mr. Jagat Ram) Mr. N.K. Jain
(S/o Mr. Des Raj Jain) Names of other directors Mr. Sanjay Rath Mr. Veerji Pandit Mr. Amrish Kala Mr. Bidut Majumdar Names of managers/ persons in-charge of business of schemes Mr. Nanak Chand Mr. Hiraji Singh Mr. J.P. Giri Mr. D.K. Das Mr. Manohar Rasnakar Mr. Chandan Sharma Mr. Mahesh Sharma
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. K.D. Sharma - also director (S/o Mr. Jagat Ram) Mrs. Sudesh Sharma (W/o Mr. K.D. Sharma) Mrs. Kabita Sahu - also director (W/o Mr. L.N. Sahu) Mr. Rajesh Sharma (S/o Mr. Prem Chand) Mrs. Rashpal Kaur (W/o Mr. Kirpal Chand) Mr. K.K. Sangral (S/o Mr. Boli Ram) Mr. Som Datt (S/o Mr. Jagat Ram) Mr. N.K. Jain
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Source: SecMarx — sebi:16951. 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.