sebi:WTM/SR/SEBI/EFD/66/12/2016
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Facts / Headnote
Representation dated October 7, 2016 disposed of - request for general defreezing for personal use rejected; limited sale permitted only to pay disgorgement
Parties
- Ms. Meenaben Ashok Kumar Shah
Holding
SEBI disposed of Ms. Meenaben Ashok Kumar Shah's October 7, 2016 representation by refusing general defreezing of demat accounts for personal use and permitting sale of shares only to pay disgorgement of Rs 26,86,610 plus 12% simple interest from February 2007 through a SEBI-registered broker.
Full text
. Page 2 of 3 We request you to issue necessary instructions to permit the Appellant to sell and dispose off shares from the following demat accounts and use the sale proceeds thereof for its purposes. DP Name Demat BOID Soham Ashok Shah IN30034311302551 Meena Ashok Shah IN300343 10279990 Shivani Ashok Shah CDSL 12050900 00038673 Meena Shah CDSL 1601480000681572 Soham Shah 1009420(ICICI Prudential)
. Page 3 of 3 The demat accounts of the applicant including the accounts held jointly by the aforesaid applicant with other entities have been frozen pursuant to the aforesaid directions issued by SEBI vide Order dated August 12, 2016.
Further instructions be issued to defreeze their accounts immediately” 5. Thereafter, the Hon’ble SAT, vide common Order dated November 16, 2016 inter alia directed SEBI to consider the aforesaid representation filed by the applicant on October 7, 2016 and pass appropriate
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Source: SecMarx — sebi:WTM/SR/SEBI/EFD/66/12/2016. 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.