sebi:WTM/RKA/OIAE/49/2013
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Facts / Headnote
Directions issued against Ex-Director Mr. Harshad Talati vide Order dated April 13, 2012 revoked
Provisions invoked
- s. 19
Parties
- Mr. Harshad Talati
Holding
SEBI revoked the market access directions issued against Mr. Harshad Talati, Ex-Director of Shukla Data Technics Limited, vide Order dated April 13, 2012.
Full text
SECURITIES AND EXCHANGE BOARD OF INDIA CORAM: RAJEEV KUMAR AGARWAL, WHOLE TIME MEMBER ORDER In respect of Ex Director Mr. Harshad Talati of Shukla Data Technics Limited
1. The Securities and Exchange Board of India (hereinafter referred to as 'SEBI'), vide Order no. WTM/RKA/OIAE/13/2012 dated April 13, 2012, restrained M/s. Shukla Data Technics Limited (hereinafter referred to as the 'Company') and its directors, from accessing the securities market and prohibited them from buying, selling or otherwise dealing in securities, directly or indirectly, till all the pending investor grievances against the said Company are resolved and the same is reported to and confirmed by SEBI. The said direction was issued as it was found that the Company had failed to redress pending investor grievances.
2. Mr. Harshad Talati, Ex-director of the company in his letter dated November 25, 2013 has mentioned that he has resigned from the company on June, 29, 1996 and in support of the same he has submitted (a) copy of the resignation letter accepted by the chairman of the company, (b) copy of Form 32 issued by the Registrar of Companies, Maharashtra (c) copy of the Annual Report for the period 1996-97 mentioning that Mr. Talati has resigned from the Board of the company. Therefore, it would be in the interest of justice to discontinue the directions issued against the Mr. Harshad Talati, Ex-Director of the company, vide Order dated April 13, 2012.
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Source: SecMarx — sebi:WTM/RKA/OIAE/49/2013. 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.