sebi:WTM/71/IVD/6/06

SEBI · SEBI · G Anantharaman, Whole Time Member

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Facts / Headnote

Shares of M/s. Aastha Broadcasting Network Ltd. held by the 13 entities/persons in their demat accounts directed to continue to be frozen till 14th January 2007

Provisions invoked

Parties

Holding

The shares of M/s. Aastha Broadcasting Network Ltd. held by the 13 named entities/persons in their demat accounts shall continue to be frozen till 14th January 2007. The direction comes into force with immediate effect.

Full text

Home » Enforcement » Orders » Orders of Chairman/Members Enforcement Enforcement▼ Order Under Section 11B and 11 of Securities and Exchange Board of India, Act, 1992 against Shri Ajit Satyaprakash Gupta, Shri Arihant Jain, Shri Dilip Mohan Kejriwal, Shri Gunjan Jain, Ms. Lalita Jain, M/s. Martanda Finlease P. Ltd., Ms. Meera Jain, M/s. Natun Finlease P Ltd., Shri Pradeep Joshi,  Shri Pramod Joshi, Ms. Sonal Jain, Shri Surendra Kumar Jain and Ms. Veena Dilip Kejriwal in the matter of M/s. Aastha Broadcasting Network Ltd.

interim order dated 15 January 2004 and directed that the 30 entities / persons be prohibited from buying, selling or dealing in the securities of Aastha, either directly or in till further orders. It was further directed that the shares of Aastha, held by the said 30 entities / persons and lying in all their demat accounts shall be frozen till further orders. 3.0 Order dated 6 September 2005 SEBI completed the investigations in the matter and based on the findings of the investigation, a notice was issued to Aastha and 39 other entities. Taking into accou violations committed by the Company, the preferential allottees including the promoter group entities and other entities which acted as cond recirculation of preferential allotment funds, a final order dated 6 September, 2005 was passed against Aastha and 39 entities (names of these entities are given

S. No Entity Address NSDL Client ID No. Depositary Participant

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Source: SecMarx — sebi:WTM/71/IVD/6/06. 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.