sebi:WTM/AB/IVD/ID4/14106/2021-22
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Facts / Headnote
Representations allowed; de-freezing of jointly held demat accounts and mutual fund folios directed
Provisions invoked
- s. 28A
- s. 226(3)
Parties
- Soma Textiles & Industries Limited
- Whiteview Trading Corporation
- Mr. S. K. Somany
- Mr. A. K. Somany
- Mr. Prafull Anubhai
- Mr. P. Bandopadhyay
- Mr. Sunil Patel
Holding
The representations of Ms. Nitya Raj Patel, Ms. Anuja Somany and Ms. Prasann Arindkumar Somany for de-freezing of their jointly held demat accounts and mutual fund folios were allowed, and Depositories, Mutual Funds and RTAs were directed to de-freeze the said accounts and folios.
Full text
Miscellaneous Order in the matter of Soma Textiles and Industries Limited Page 1 of 8 WTM/AB/IVD/ID4/14106/2021-22 SECURITIES AND EXCHANGE BOARD OF INDIA MISCELLANEOUS ORDER
Miscellaneous Order in the matter of Soma Textiles and Industries Limited Page 2 of 8 of mutual funds, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 2 years from the date of this order. c) Mr. Prafull Anubhai (Noticee No. 5) is hereby restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities including units of mutual funds, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 1 year from the date of this order. d) Whiteview Trading Corporation (Noticee No. 2) and Mr. Sunil Patel (Noticee no. 7), are hereby restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities including units of mutual funds, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 2 years from the date of this order.
Miscellaneous Order in the matter of Soma Textiles and Industries Limited Page 3 of 8 solely earned by them. Representors have attached their income tax returns along with computation of income to establish that the shares and mutual funds have been acquired from their source of income which is independent of Shri A. K. Somany. They have not received any fund by way of gift or any other way from Shri. A.K. Somany.
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Source: SecMarx — sebi:WTM/AB/IVD/ID4/14106/2021-22. 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.