Various entities and their Directors restrained from accessing the securitiesmarket and prohibited from buying, selling or dealing in securities, directly or indirectly, in the matter of investigations in the scrip of M/s. Shree Rama Multi Tech Ltd

Sep 15, 2004
Press Releases

PRESS RELEASE

September 15, 2004
PR No.227/2004

  

 

Various entities and their Directors restrained from accessing the securitiesmarket and prohibited from buying, selling or dealing in securities, directly or indirectly, in the matter of investigations in the scrip of M/s. Shree Rama Multi Tech Ltd.

 

Consequent to the investigations in the matters of dealing in the scrip of M/s. Shree Rama Multi Tech Ltd., orders have been passed against the following entities restraining them from accessing the securities market and prohibited from buying, selling or dealing in securities, directly or indirectly with immediate effect. The period of restraint is as mentioned against their names:-

 

Name of Entity

Period of Restraint ordered

 

Shree Rama Multi-tech Limited and its Directors Mr. Vikram Patel, Mr. Sharad Patel, Mr. Prakash Patel, Mr. Rambhai Patel, Mr. Hansraj Kanji and Dr. Prakash Trivedi

Five Years

 

Global Finance

Five Years

 

M/s. East West Polyart Limited and its Directors Mr. Mahesh Patel and Mr. Chandrakant Patel

Three years

 

M/s. Shree Rama Polysynth Private Limited and its Directors Mr. Manish Patel and Mr. Asit Patel

Three years

 

Satellite Management Services Private Limited and its Directors Mr. Mahesh Patel and Mr. Chandrakant Patel

Three years

 

Shree Developers Private Limited and its Directors

Mr. Nathubhai Patel and Mr. Asit Patel

Three years

 

M/s. Ideal Petro Products Limited and its Directors Mr. Mahesh Patel, Mr. Chandrakant Patel and Mr. Praful Shah

Three years

 

Ms. Asha Patel

Three years

 

 

These orders have been passed by Shri T.M.Nagarajan, Whole Time Member on September 6, 2004.

The above orders are available on our website: www.sebi.gov.in

Mumbai

September 15, 2004