sebi:16959
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Facts / Headnote
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
Provisions invoked
- s. 11B
Regulations
- Reg. 73
Holding
The noticees, their promoters, directors, managers, and persons in charge of the business of the schemes (as named in the Annexure) were debarred from operating in and accessing the capital market for a period of 5 years from the date of the Order for failing to comply with the directions of the said Order, thereby violating 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. Shrawan Singh Guleria- also director (S/o Mr. K.S. Guleria) Mr. Rakesh Mohan Rana - also director (S/o Mr. S.S. Rana) Mrs. Anita Rana (W/o Mr. Rajindra Mohan Rana) Mr. Rajendra Singh Rana (S/o Mr. S.S. Rana) Mrs. Jaya Guleria (W/o Mr. S.S. Guleria) Mr. Rajesh Mohan Rana (S/o Mr. S.S. Rana) Mr. Narayan Singh Guleria (S/o Mr. K.S. Guleria) Names of other directors Mr. Ravindra Mohan Rana- also manager
Mr. Narender Singh Rawat - also manager Mr. Jai Singh Negi -also manager Mr. Tirath Singh Bhandari - also manager Mr. Hukam Singh Negi -also manager Mr. Santosh Mohan Kukreti- also manager Mr. Dinesh Thapliyal -also manager Names of other managers/persons in-charge of business of schemes Mr. Dharam Singh Rana, A.B.M. Mr. Gulab Singh Bisht, B.M. Mr. Puran Singh Negi, B.M. Mr. N.P. Khanduri, A.B.M. Ms. Vijaya Sati, A.B.M. Mr. S.L. Sahi, B.M. Mr. S.S. Rawat, B.M. Mr. T.S. Bhandari, Chief Executive Mr. Ajay Kumar Aggarwal, A.B.M. Mr. D.S. Bhandari, Chief Executive
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Source: SecMarx — sebi:16959. 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.