sebi:WTM/RKA/EFD/36/2016
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Restrained and prohibited Kushal Diamonds Limited and its directors from accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, till the company obtains SCORES authentication and resolves all pending investor grievances.
Provisions invoked
- s. 11B
- s. 11
- s. 19
Parties
- Kushal Diamonds Limited
- Mr. Bakul Jhaveri
- Mr. Kalpesh Bhagwandas Sheth
- Mr. Devdattbhai Shah Jayantilal
Holding
The Whole Time Member restrained Kushal Diamonds Limited and its three directors from accessing the securities market and dealing in securities until the company obtains SCORES authentication and resolves all pending investor grievances.
Full text
______________________________________________________________________________ In the matter of Kushal Diamonds Limited Page 2 of 3
______________________________________________________________________________ In the matter of Kushal Diamonds Limited Page 3 of 3
through affixture on its two last known alternate addresses. The SCNs were later served on the alternate addresses of Mr. Kalpesh Bhagwandas Sheth and Mr. Devdattbhai Shah Jayantilal, as well. The company, vide its letter dated November 03, 2014, sought 15 to 20 days time to complete 'necessary formalities'.
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Source: SecMarx — sebi:WTM/RKA/EFD/36/2016. 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.