sebi:16954
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Facts / Headnote
Debarred the noticees (promoters and directors listed in the Annexure) from operating in the capital market and from accessing the capital market for a period of 5 years from the date of the Order.
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 5 years for failing to comply with 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 (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 Shri Prem Prakash Chaturvedi - also director (S/o Late Shri Arun Kumar Chaturvedi) Shri Krishan Kumar S/o Shri Sunder Lal Shri Vijay Naidu - also director (S/o Shri V.G. Naidu) Shri Naresh Chander Kaushik (S/o Shri Narayan Dutt Kaushik) Ms. Jyoti Prabha Kaushik - also director (W/o Shri Ashwani Kaushik) Shri Mukesh Arora (S/o Shri R.K. Arora) Shri Rajiv Katyal (S/o Shri R.K. Katyal) Names of other directors Dr. Ashwani Kaushik
(S/o Shri Naresh Kaushik) Dr. Usha Kiran Chaturvedi (W/o late Shri Arun Kumar Chaturvedi) Shri Harish Kr. Popli (S/o Shri Krishan Lal) Shri Sunil Tyagi (S/o Shri Dalchand Tyagi) Shri Dayanand Mishra (S/o late Shri D.L. Mishra) Shri Vijay Kr Gupta (S/o Shri Roshan Lal) Shri Kichloo (S/o Shri A.M.Kichloo) Shri Sanat Kumar Panja (S/o Shri Haban Lal) Shri Gurpratap Singh Bhangu (S/o Shri H.S. Bangu) Shri Nahar Singh Shri Amalendu Bhowmik Shri Alpons Raja. Reddy Shri M. Mallaraje URS Shri Rajendra Kumar Singh Shri Maghar Singh Shri M.S.S.Pillat Shri H.P. Bhardwaj Shri Avtar Singh Shri Bimal Sabarwal Shri J.K. Bhandari
Shri Ved Shriram Balsod
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Source: SecMarx — sebi:16954. 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.