sebi:16953
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Facts / Headnote
Debarment of promoters and directors from operating in and accessing the capital market for a period of 5 years
Provisions invoked
- s. 11B
Regulations
- Reg. 73
Parties
- Mr. Romesh Kumar Sharma
- Mr. Rakesh Kumar Sharma
- Mr. Khan Abdul Ghani
- Mr. Guman Singh Panwal
- Mrs. Saroj Bala
- Mr. Prabhakaran Pillathu
- Mr. Subash Chander
- Mr. Vinod Kumar Dutta
- Mr. Abdul Quoyum Karima
- Prof. Gauri Shankar Sharma
- Mr. Diwan Chand Sangra
- Mr. Mohd. Alam
Holding
The noticees, being the promoters and directors named in the Annexure, 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 (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. Romesh Kumar Sharma - also director (S/o Mr. P.R. Sharma) Mr. Rakesh Kumar Sharma (S/o Mr. P.R. Sharma) Mr. Khan Abdul Ghani (S/o Khan Abdul Rehman) Mr. Guman Singh Panwal (S/o Betal Singh Panwal) Mrs. Saroj Bala (W/o Mr. Rakesh Sharma) Mr. Prabhakaran Pillathu (S/o S.N. Panicher) Mr.Subash Chander (S/o Mr. C.R. Khajuria) Names of other directors Mr. Vinod Kumar Dutta
(S/o Mr. Vishva Mittar Dutta) Mr. Abdul Quoyum Karima (S/o Lt. Ali Mohammad) Prof. Gauri Shankar Sharma (S/o Mr. Rajender Nath Sharma) Mr. Diwan Chand Sangra (S/o Mr. Sant Ram Sangra) Mr. Mohd. Alam (S/o Mr. Kazi Hussain)
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 (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. Romesh Kumar Sharma - also director (S/o Mr. P.R. Sharma) Mr. Rakesh Kumar Sharma (S/o Mr. P.R. Sharma) Mr. Khan Abdul Ghani (S/o Khan Abdul Rehman) Mr. Guman Singh Panwal (S/o Betal Singh Panwal) Mrs. Saroj Bala (W/o Mr. Rakesh Sharma) Mr. Prabhakaran Pillathu (S/o S.N. Panicher) Mr.Subash Chander (S/o Mr. C.R. Khajuria) Names of other directors Mr. Vinod Kumar Dutta
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Source: SecMarx — sebi:16953. 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.