Jul 29, 2002
|
Orders :
Orders of Chairman/Members
SECURITIES AND EXCHANGE BOARD OF INDIA
DIRECTIONS UNDER SECTION 11B OF THE SEBI ACT, 1992 READ WITH REGULATIONS 65, 73 AND 74 OF SEBI (COLLECTIVE INVESTMENT SCHEMES) REGULATIONS, 1999 ISSUED TO:-
M/S. SUPERGOLD FORESTS LTD., CHANDIGARH
Vide Order dated January 29, 2002, directions under Section 11B of the SEBI Act, 1992 read with Regulations 65 & 73 of SEBI (Collective Investment Schemes) Regulations, 1999 were issued to you as you, having failed to get registration from SEBI, had failed to wind up your existing collective investment schemes and make repayments to your investors in accordance with the provisions of the SEBI (Collective Investment Schemes) Regulations, 1999. As per the said Order, you were directed to refund the money collected under the scheme(s) with returns which is due to the investors as per the terms of the offer within a period of one month from the date of the said Order.
As you have failed to comply with the directions of the said Order, you have violated the provisions of Regulation 73 of the SEBI (Collective Investment Schemes) Regulations, 1999.
Now, therefore, in exercise of the powers conferred under Section 11B of the SEBI Act, 1992, I hereby debar you/your promoters/your directors/your managers/persons in charge of the business of your schemes (whose names are mentioned in Annexure) from operating in the capital market and/or from accessing the capital market for a period of 5 years from the date of this Order.
Place: Mumbai
Date: July 29, 2002
G.N. BAJPAI
CHAIRMAN
SECURITIES AND EXCHANGE BOARD OF INDIA
Annexure
Names of promoters
Mrs. Sushma Datta- also director
(W/o Mr. V.K. Datta)
Mrs. Savita Kansal
(W/o Mr. V.K. Kansal)
Mr. V.K. Kansal
(S/o Mr. J.C. Kansal)
Mr. Rajesh Kumar Balli
(S/o Mr. S.N. Balli)
Mr. Jagdish Chander
(S/o Mr. Hari Sharan Das)
Mr. Vijay Kumar Datta
(S/o Mr. R.N. Datta)
Mrs. Shashi Bala
(W/o Mr. Sham Lal)
Names of other directors
Mr. P.N. Giri
Mr. V.K. Datta
(S/o Mr. Ramnath Datta)
Names of managers/persons in-charge of business of schemes
Mr. Anil Seth, General Manager
Mr. V. Kumar, Area Branch Manager
Mr. Sabir H. Shah, Area Dev. Manager
Mr. Arif H. Shah, Distt. Manager
Mr. Sujait H. Shah, Branch Manager
Mr. Abdul Ahad, Dev. Officer
Mr. Iqbal Wani, Branch Manager
Mr. Nazmul H. Shah, Branch Manager
Mr. Khurshid Khan, Branch Manager
Mr. Mohd. Bashir K., Branch Manager