sebi:WTM/RKA/OIAE/13/2012
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Facts / Headnote
Restrained and prohibited Shukla Data Technics Limited and five directors from accessing/dealing in securities market till all investor grievances resolved; proceeding against deceased director Yogesh R. Mankodi abated; SCNs against Dhansukh N. Shukla and Mohan N. Gupta disposed of without directions.
Provisions invoked
- s. 11B
- s. 11
- s. 19
Parties
- Shukla Data Technics Limited
- Mr. Pradeep B. Shukla
- Mr. Yogesh R. Mankodi
- Mr. Dhansukh N. Shukla
- Mr. Mohan N. Gupta
- Dr. Jitendra Sanghvi
- Mr. C. Suryaprasad
- Mr. Harshad Talati
- Smt. Harsha P. Shukla
Holding
SEBI restrained Shukla Data Technics Limited and its directors Mr. Pradeep B Shukla, Dr. Jitendra Sanghvi, Mr. C. Suryaprasad, Mr. Harshad Talati and Smt. Harsha P Shukla from accessing and dealing in the securities market till all investor grievances are resolved. Proceedings against Mr. Yogesh R. Mankodi were abated as deceased and SCNs against Mr. Dhansukh N. Shukla and Mr. Mohan N. Gupta were disposed of without directions.
Full text
Page 2 of 4 3. In view of the above, SEBI issued show cause notices (SCNs) dated February 23, 2012 under section 11 and 11B of the SEBI Act to the Company and its Chairman, Mr. Pradeep B. Shukla and its directors namely, Mr. Yogesh R. Mankodi, Mr. Dhansukh N. Shukla, Mr. Mohan N. Gupta, Dr. Jitendra Sanghvi, Mr. C. Suryaprasad, Mr. Harshad Talati and Smt. Harsha P. Shukla. The SCNs issued to the Chairman and other directors (except Mr. Dhansukh N. Shukla and Mr. Mohan N. Gupta) were returned undelivered with remark ‘left’.
Page 3 of 4 Vadodara, Government of Gujarat was also enclosed alongwith the said letter. She requested to delete the name of her father from the proceedings.
Page 4 of 4 such defaults are not dealt with by appropriate enforcement action, the investors will not have a protected environment for their investments in the securities market. Therefore, it is necessary to issue appropriate directions under section 11 and section 11B of the SEBI Act against the Company and the directors, without prejudice to any other action by way of adjudication or prosecution against them under the SEBI Act.
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Source: SecMarx — sebi:WTM/RKA/OIAE/13/2012. 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.