Prohibition on opening of fresh demat accounts by IDBI Ltd., ING Vysya Bank Ltd., Infrastructure Leasing and Financial Services Ltd., lifted
Dr. T.C.Nair, Whole Time Member, SEBI has vide his post hearing orders on July 28, 2006 in the matter of Initial Public Offering (IPO) Investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by the Depository Participants (DPs), namely, order lDBI Bank Ltd., ING Vysya Ltd. and Infrastructure Leasing and Financial Services Ltd. be lifted. The orders further state that all issues and contentions are left open to be considered by the Enquiry Officer appointed by SEBI and to be decided in subsequent proceedings pursuant to his report.
SEBI vide ex-parte ad interim order dated April 27, 2006 had, inter alia, directed the above DPs not to open fresh demat accounts till further orders. Thereafter, an opportunity of hearing was granted to these DPs.
The full text of the is available on the website: www.sebi.gov.in
Mumbai
July 28, 2006
