sebi:WTM/GA/47/ISD/01/06
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Facts / Headnote
Ad interim ex-parte order directing the company not to issue equity shares or alter capital structure; directing promoters, PCBs, interconnected clients, and other clients not to buy, sell or deal in securities of Millennium Cybertech Ltd.; directing certain brokers not to deal in such securities on behalf of the named entities; directing NSDL and CDSL not to give effect to transfers; and granting 15 days to file objections and request personal hearing.
Provisions invoked
- s. 11B
- s. 19
Regulations
- Reg. 13(1)
- Reg. 13(3)
Holding
SEBI issued an ad interim ex-parte order restraining Millennium Cybertech Ltd., its promoters, private corporate bodies, interconnected clients, certain other clients, and certain stock brokers from dealing in the securities of the company, and directing depositories not to give effect to transfers, pending investigation.
Full text
2 2. Preliminary Findings The Company – Business, board of directors, shareholding pattern 2.1 Millennium Cybertech Ltd. was registered as Private Limited Company named Brahma Capital & Securities Ltd. and was incorporated in the year 1986. As per the publicly available information, the company was doing the business of Financial Services & Hire Purchase, Leasing till September 1999. In the year 1999, the company changed its name to Millennium Cybertech Ltd. In the year 1999-2000, the company reportedly diversified its business from Finance to Web-Development & Web-Hosting Services.
3 Holding Source: BSE Website It is noticed that promoter shareholding has continuously decreased during the period September 30, 2004 to September 30, 2005.
4 Ltd. Total of the above PCB 357600 7.15% 304000 6.08% 364311 7.29% Total PCB Holding 365216 7.30% 408176 8.16% 772137 15.44% Source: BSE Website
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Source: SecMarx — sebi:WTM/GA/47/ISD/01/06. 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.