sebi:WTM/VKC/ID8/11/09/06
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Facts / Headnote
Confirmed the ad-interim ex-parte order dated January 24, 2006 against M/s Millennium Cybertech Ltd; restraint on issuing equity shares or instruments convertible into equity and on altering capital structure continued till further directions
Provisions invoked
- s. 11B
- s. 11(4)
- s. 19
Regulations
- Reg. 13(1)
- Reg. 13(3)
- Reg. 7(3)
- Reg. 13(6)
Parties
- M/s Millennium Cybertech Ltd
Holding
The Whole Time Member confirmed the ad interim ex-parte order dated January 24, 2006 against Millennium Cybertech Ltd, continuing the direction not to issue equity shares or convertible instruments or alter capital structure till further directions.
Full text
APPEARANCES FOR COMPANIES/ BROKERS: Ex-Parte FOR SEBI Mrs Barnali Mukherjee, DGM, SEBI Shri Vir Sahab Singh , Manager, SEBI Mohamed Rahaz. P.M, Legal Officer, SEBI
c) That the Private Corporate Bodies, who are the shareholders of company MCL viz, Ampu Traders Pvt. Ltd., Rajput Textiles Ltd., Jupiter Securities & Properties Pvt. Ltd. and Camcon Engineers Ltd. are hereby directed not to buy, sell or deal in securities of the company MCL directly or indirectly, till further directions in this regard. d) The clients Amar Adhav, Umesh Choukekar, Deepak Todkar, Deepak Narvekar, New Leader Trading Co Pvt. Ltd., Fineline Mercantile Co. Pvt. Ltd., Rightstar Trading Co. Ltd., Santosh Pawar, Rajkishore Singh, Sharpline Trading co. Pvt. Ltd., Interlink Financial Services Ltd., Ritedeal Trading Co. Pvt. Ltd., Stockholm Mercantile Co. Pvt. Ltd., Sandeep Kadam and Jayesh Waghela, in any securities, directly or indirectly, till further directions in this regard. e) The clients - Shree Ambey Textiles Pvt. Ltd. and Goldcity Exports Pvt. Ltd. are hereby directed not to buy, sell or deal in securities of the company MCL directly or indirectly, till further directions in this regard. f) The clients Harish Sujan, Ghanshyam Sujan, Neel Sujan, Ramsudhakaran Menon, Shantha Bai, Bernard D’Souza, Rajendra Adukia and Abhayraj Rampher Shukla are hereby directed not to buy sell or deal in securities of the company MCL directly or indirectly, till further directions in this regard. g) That the stock brokers viz. Indiabulls Securities Ltd., Jaypee Capital Services Ltd., Fortis Securities Ltd., Vijay Bhagwandas and Company, Insight Share Brokers Pvt. Ltd. and Joindre C
h) Further, a separate order has been issued against the stock broker Galaxy vide order no. WTM/GA/MIRSD/46/1/06 dated January 24, 2006 for the alleged involvement in penny stocks as a whole. i) The Depositories, NSDL and CDSL shall not give effect to any transfer of shares of the company MCL lying in the beneficial owner accounts of the entities mentioned in para (b), para (c), para (d), para (e) and para (f) till further directions in this regard. 1.3 In the said interim order, 15 days time had been given to the said entities/persons to file their objections, if any, to the said interim order and to avail themselves of an opportunity of personal hearing, if they so desire, at the SEBI, Head Office, First Floor, Mittal Court B Wing, Nariman point, Mumbai. 2.0 Objection of the company MCL against the ad-interim Order dated January 24, 2006 and personal hearing 2.1. The company MCL submitted its written objection dated March 16, 2006 and requested for a personal hearing in the matter. Hence the matter against the company MCL has been taken up to decide as to whether the aforesaid ad-interim
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Source: SecMarx — sebi:WTM/VKC/ID8/11/09/06. 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.