Annexure 1
Action Taken Against the Brokers During the Period 01-04-1999 to 31-3-2000
| Sr. No. | Name | Exchange | Punishment |
Period
|
From
|
To
|
Order Date
|
|
1
|
Shailendra Kumar Tandon | UPSE | Suspended |
2 months
|
27-Apr-99
|
26-Jun-99
|
16-Apr-99
|
|
2
|
Bharat Kumar | UPSE | Suspended |
2 months
|
27-Apr-99
|
26-Jun-99
|
16-Apr-99
|
|
3
|
Suresh Bhardwaj | Magadh | Reg. Cancelled |
23-Apr-99
|
23-Apr-99
|
||
|
4
|
Chhanganlal Jain | CoSE | Suspended |
6 months
|
10-May-99
|
9-Nov-99
|
23-Apr-99
|
|
5
|
A. K. Ahilan | CSX | Reg. Cancelled |
17-May-99
|
17-May-99
|
||
|
6
|
Bharti Sharma | Magadh | Suspended |
6 months *
|
27-May-99
|
19-May-99
|
|
|
7
|
Yogendra Sharma | UPSE | Suspended |
6 months
|
1-Jun-99
|
30-Nov-99
|
19-May-99
|
|
8
|
Dinesh G. Ved | SKSE | Suspended |
6 months
|
11-Jun-99
|
10-Dec-99
|
3-Jun-99
|
|
9
|
Moti Lal Agrawal | Magadh | Suspended |
6 months *
|
17-Jun-99
|
4-Jun-99
|
|
|
10
|
P. S. Securities Ltd. | NSE | Reg. Cancelled |
4-Jun-99
|
4-Jun-99
|
||
|
11
|
Surendra Kumar Rungta | Magadh | Suspended |
6 months
|
10-Jun-99
|
9-Dec-99
|
4-Jun-99
|
|
12
|
Shekhar Agrawal | Magadh | Suspended |
6 months *
|
17-Jun-99
|
8-Jun-99
|
|
|
13
|
Vipin Ahuja | UPSE | Suspended |
6 months
|
22-Jun-99
|
21-Dec-99
|
11-Jun-99
|
|
14
|
Manoj Harlalka | GSE | Suspended |
6 months *
|
29-Jun-99
|
28-Jun-99
|
|
|
15
|
Rajan Maheshwari | JSE | Suspended |
1 month
|
2-Jul-99
|
1-Aug-99
|
2-Jul-99
|
|
16
|
Singhania Brothers Pvt. Ltd. | CSE | Suspended |
1 month
|
23-Jul-99
|
22-Aug-99
|
16-Jul-99
|
|
17
|
Pradeep Baheti | JSE | Suspended |
2 months
|
5-Aug-99
|
4-Oct-99
|
23-Jul-99
|
|
18
|
Edassery Stock & Investments Pvt Ltd |
CoSE | Suspended |
2 months
|
9-Aug-99
|
8-Oct-99
|
4-Aug-99
|
|
19
|
P. N. Boda | SKSE | Suspended |
3 months
|
13-Aug-99
|
12-Nov-99
|
4-Aug-99
|
|
20
|
Trimiti Investments & Financial Services Pvt. Ltd. |
PSE | Suspended |
2 months
|
13-Aug-99
|
12-Oct-99
|
4-Aug-99
|
|
21
|
Deval Sheth | ASE | Suspended |
2 months
|
16-Aug-99
|
15-Oct-99
|
5-Aug-99
|
|
22
|
Rabindra Bajoria | BhSE | Suspended |
6 months
|
10-Aug-99
|
9-Feb-00
|
6-Aug-99
|
|
23
|
Kunverji Finstock Ltd. ( Nayan K. Thakkar) |
ASE | Suspended |
2 months
|
16-Aug-99
|
15-Oct-99
|
10-Aug-99
|
|
24
|
Anil Shah Securities & Finance Ltd. |
ASE | Suspended |
2 months
|
27-Aug-99
|
26-Oct-99
|
23-Aug-99
|
|
25
|
Apurva Ramanlal Shah | ASE | Suspended |
2 months
|
3-Sep-99
|
2-Nov-99
|
25-Aug-99
|
|
26
|
Hoffland Finance Ltd. | BgSE & JSE | Reg. Cancelled |
25-Aug-99
|
25-Aug-99
|
||
|
27
|
Hoffland Share Shoppe Ltd. | DSE & MSE | Reg. Cancelled |
25-Aug-99
|
25-Aug-99
|
||
|
28
|
Bhupendra Talakchand Mehta | BSE | Suspended |
**
|
6-Sep-99
|
31-Aug-99
|
|
|
29
|
Atul Chhabildas Doshi | ASE | Suspended |
2 months
|
27-Sep-99
|
26-Nov-99
|
22-Sep-99
|
|
30
|
Kirit Shah Securities Pvt. Ltd. | ASE | Suspended |
3 months
|
11-Oct-99
|
10-Jan-00
|
30-Sep-99
|
|
31
|
Dinesh Babulal Jain | ASE | Suspended |
3 months
|
5-Nov-99
|
4-Feb-00
|
25-Oct-99
|
|
32
|
Poise Securities & Exchange Ltd. |
NSE | Suspended |
12 months
|
1-Dec-99
|
30-Nov-00
|
19-Nov-99
|
|
33
|
Mid East Investments Services Ltd. |
OTCEI | Suspended |
3 months #
|
24-Dec-99
|
23-Mar-00
|
15-Dec-99
|
|
34
|
Ramesh Kumar P. | BgSE | Reg. Cancelled |
29-Dec-99
|
29-Dec-99
|
||
|
35
|
Sumithra Muthukumar | MSE | Suspended |
4 months ##
|
6-Jan-00
|
29-Dec-99
|
|
|
36
|
Bimal Kumar Jalan | UPSE | Suspended |
2 months
|
8-Feb-00
|
7-Apr-00
|
31-Jan-00
|
|
37
|
Swarn Munjal | DSE | Reg. Cancelled |
2-Feb-00
|
2-Feb-00
|
||
|
38
|
Jagdish Pannalal Gandhi | BSE | Suspended |
**
|
14-Feb-00
|
9-Feb-00
|
|
| * or till the broker produces his books for inspection. ** Till SEBI fees are paid # till the broker redresses the complaints. ## or till the suspension is revoked by MSE, whichever is later |
|||||||
. Annexure 2
Action Taken by SEBI Pursuant to Investigations
| A) | Suspension |
| Stock Brokers | |
| 1 | Mefcom Securities Ltd.: Suspended for 18 months till 9/12/99 w.e.f. 10/6/98 |
| 2 | P R Shah & Stock Broker Pvt. Ltd.: Suspended for 24 months till 14/6/2000 w.e.f. 15/6/98 |
| 3 | Lalkar Securities Pvt. Ltd.: Suspended for 16 months till 4/12/99 w.e.f. 15/6/98 |
| 4 | Sony Securities Ltd.: Suspended for a period of 2 years from 11/6/98 till 10/6/2000 |
| 5 | Shri Ashok Kumar Kayan : Suspended for 3 months w.e.f. 27/8/99. |
| 6 | Shri Ashok Kumar Kayan: Suspended for 3 months w.e.f. 27/8/99. |
| 7 | Shri Ashok Kumar Kayan: Suspended for 3 months w.e.f. 27/8/99. |
| 8 | GNH Global Securities Ltd.: Suspended for 36 months from 15/6/98 till 14/6/2000 |
| 9 | Mahico Pvt. Ltd. : Suspended for 13 months from 22/6/98 to 3/8/98 and from 14/1/99 till 31/12/99. |
| 10 | Star Share & Stock Brokers Ltd.: Suspended for12 months from 5/12/98 till 16/9/99. |
| 11 | Satyanarayan Nangalia : Suspended for a period of 3 years from June 15, 1998 till June 14, 2001. |
| 12 | Satyanarayan Nangalia : Suspended for a period of 3 years from June 15, 1998 till June 14, 2001. |
| 13 | Valfin Financial Services Pvt. Ltd. : Suspended for a period of 18 months from June 17, 19998 till Dec 16, 1999. |
| 14 | Asian Securities and Stocks Ltd.: Suspended for a period of 18 months from Aug 17, 1998 till Feb 16, 2000. |
| 15 | Mahico Pvt. Ltd.: Suspended for 13 months from 22/6/98 to 3/8/98 and from 14/1/99 till 31/12/99. |
| 16 | Rajratan R Mohta: Suspended for the period of 3 years from June 12, 1998 till June 11, 2001. |
| 17 | Ramrakh R Bohra: Suspended for the period of 18 months from Jan 4, 1999 till July 3, 2000. |
| 18 | Ramrakh R Bohra : Suspended for the period of 18 months from Jan 4, 1999 till July 3, 2000. |
| 19 | Digital Leasing & Finance Ltd. : Suspended for the period of 3 years from June 10, 1998 till June 9, 2001. |
| 20 | M/s. Bharat J Patel : Suspended for the period of 18 months from November 2, 1998 till May 1, 2000. |
| 21 | Mansi investments : Suspended for one month |
| 22 | Amgis Holdings Pvt. Ltd. : Suspended for 18 months. |
| Bankers to an Issue | |
| 23 | State Bank of Saurashtra, Shahibaugh branch : Suspended for the period of 3 months (31.1.2000) |
| 24 | Punjab National Bank (new cloth market branch): Suspended for one month (22.02.2000) |
| 25 | Punjab National Bank (Raopur Branch) : Prohibited from acting as a BTI for a period of three months |
| 26 | Canara Bank (Bhadra Branch) : Prohibited from acting as a BTI for a period of three months |
| 27 | Canara Bank (Thousand Lights Branch): Prohibited from acting as BTI for a period of three months. |
| Sub-Brokers | |
| 28 | Malar Shareshoppe Ltd. : Suspended for the period of 18 months from Nov 2, 1998 till May 1, 2000. |
| Registrars and Share Transfer Agents | |
| 29 | Vibra Financial Services Ltd. : Suspended for a period of one month. |
| 30 | M/s. Choksh Securities Ltd. (presently Choksh Infotech Ltd. ) : Suspended for the period of 3 months (Feb, 2000) |
| B) | Warning issued |
| Stock Brokers | |
| 1 | Shri Mangal Keshav |
| 2 | M/s. Libord Securities Ltd. |
| 3 | Mr.M K Poladia |
| 4 | M/s. Saurashtra Capital & Services Ltd. |
| 5 | M/s. Wideangle Financial Services Ltd. |
| 6 | M/s. Arihant Fincap Ltd. |
| 7 | M/s. Pumarth Credit and Capital Ltd. |
| 8 | M/s. Nouveau Shares and Securities Ltd., member NSE. |
| 9 | M/s. D S Sancheti Securities & Finance Ltd. |
| 10 | M/s. Indo Thai Securities Ltd. |
| 11 | M/s. Shreyas Securities & Finance Ltd. |
| 12 | M/s. K K Jalan Securities P Ltd. |
| 13 | M/s. Babubhai Purshottamdas Stock Brokers P Ltd. |
| 14 | M/s. Parthiv Parekh & Co. |
| 15 | M/s. Century Consultants Ltd. |
| 16 | M/s. Saurabh Dani - Broker BSE |
| 17 | M/s. Skyes & Ray Equities Pvt. Ltd. (formerly M/s. Yogesh R Gupta) |
| 18 | M/s. C R Kothari & Sons Share & Stock Brokers Pvt. Ltd. |
| 19 | N C Jain |
| 20 | B R Jalan Securities Pvt. Ltd. |
| 21 | SVS Securities Pvt. Ltd. |
| 22 | M/s. Rajesh Meghani |
| 23 | M/s. Goldcrest Capital Markets Ltd. |
| 24 | Shalibhadra Securities Ltd. |
|
|
Bankers |
| 25 | State Bank of Hyderabad |
| Merchant Banker | |
| 26 | S B & T International Ltd. (presently known as Nigam Finvest Ltd.) |
| 27 | M/s. SMIFS Capital Markets Ltd., |
| Registrars and Share Transfer Agents | |
| 28 | M/s. M N Dastur & Co. Ltd., |
| C) | Refund of Issue Proceeds |
| 1 | Hindustan Finstock Ltd. |
| D) | Cancellation |
| 1 | Shahrukh N Tara, member (in respect to involvement in two cases) |
| 2 | Pankaj Shah, member |
| 3 | Kishore Janani, member |
| E) | Directions issued under section 11 B |
| 1 | Loggar Finance & Trading Ltd: Prohibited from dealing in securities for a period of one year wef 19/4/99 |
| 2 | Shri Kumar Shah: -do- |
| 3 | Kirtibhai Shah: -do- |
| 4 | Yogesh Ruparel: Prohibited from dealing in Securities for 2 years w.e.f. April 6, 1999. |
| 5 | Mihir Ghelani: -do- |
| 6 | Depak Dalal: -do- |
| 7 | Sohanlal Binjrajka & M/s. Binjrajka Portfolio Pvt. Ltd.: Prohibited from dealing in Securities Market for the period of 5 years wef 28/5/99 |
| 8 | Dimple Shah & M/s. Mukut Stock Brokers Pvt. Ltd: -do- |
| 9 | Rajesh R Sheth & M/s. Anubhav Investments: -do- |
| 10 | M K Ruparel & M/s. Shreeji Investments: -do- |
| 11 | Kamlesh Crores Bharwada & M/s. Virajka Associates: -do- |
| 12 | Dr. Amit Shah: Prohibited from dealing in securities for the period of 3 years wef 30/6/99 |
| 13 | M/s. S R Invest: -do- |
| 14 | Shri Kishore Barot: -do- |
| 15 | Shri Arvind K Shah: -do- |
| 16 | M/s. Akash Shelters and Finstock Ltd.: -do- |
| 17 | Shri Satish Pacharia, Ahmedabad: Prohibited from dealing in the securities markets for a period of 2 years wef 30/7/99 |
| 18 | Shri Shamji Kanji Gala, Mumbai: -do- |
| 19 | Alka Synthetics Ltd., Ahmedabad: -do- |
| 20 | Alka Spinners Ltd., Ahmedabad: -do- |
| 21 | Karnavati Fincap Ltd., Ahmedabad: -do- |
| 22 | Shri Mohindra Patodia, Mumbai: -do- |
| 23 | Patodia Textiles Industries Ltd., Mumbai: -do- |
| 24 | Patodia Securities Ltd., Mumbai: -do- |
| 25 | Patodia Polyster Ltd., Mumbai: -do- |
| 26 | Shri Lalit Thakkar / M/s. Stock Finance, Mumbai: -do- |
| 27 | M/s. Stock Street Services, Mumbai: -do- |
| 28 | Dr. Amit Shah: Prohibited from dealing in securities including NSGIL and accessing capital market for a period of 5 years wef 30/8/99 |
| 29 | Dr. Piyush Mehta: Prohibited from dealing in securities including NSGIL and accessing capital market for public subscription for a period of 3 years wef 30/8/99 |
| 30 | Shri Dipak Dalal: Prohibited from dealing in securities including NSGIL and accessing capital market for public subscription for a period of 5 years wef 30/8/99 |
| 31 | Shri Girish Shah: Prohibited from dealing in securities for a period of 3 years wef 30/8/99 |
| 32 | Shri Mihir Ghelani: Prohibited from dealing in securities for a period of 5 years wef 30/8/99 |
| 33 | Shri Gaurav Shah: Prohibited from dealing in securities for a period of 2 years wef 30/8/99 |
| 34 | Ms. Alka Shah: Prohibited from dealing in securities for a period of 2 years wef 30/8/99 |
| 35 | Shri Dharmendra Barot: Prohibited from dealing in securities for a period of 2 years wef 30/8/99 |
| 36 | M/s. Yashaswi Engg. Pvt. Ltd. and its directors namely, Dhamistha K. Panchal, Meena N. Panchal, Raju Panchal and Prakash P Bhat: Prohibited from dealing in securities for a period of 3 years wef 30/8/99 |
| 37 | M/s. Ekta Ceramics Ltd. and its directors namely, Rajendra V Panchal, Sailesh Bhatt and Nilesh N Barot: Prohibited from dealing in securities for a period of 3 years wef 30/8/99 |
| 38 | Shri Kanta Das: Prohibited from dealing in securities for one year wef 16/9/99 |
| 39 | Shri Sanjay Kumar Khemka: Prohibited from dealing in securities for one year wef 16/9/99 |
| 40 | Shri Sanjay Dutta: Prohibited from dealing in securities for one year wef 16/9/99 |
| 41 | R C Mathur, ED BSE: Shall not be eligible to become an office bearer of any exchange and to hold any public position in any capital market related public institution for a further period of 3 years. |
| 42 | Jain Corporation Services.: Prohibited from accessing the capital market and also restrained from dealing in securities under 11B of SEBI Act 1992, w.e.f. 8/12/99 for a period of 5 years. |
| 43 | Vipul R Kedia.: Prohibited from accessing the capital market and also restrained from dealing in securities under 11B of SEBI Act 1992, w.e.f. 8/12/99 for a period of 5 years. |
| 44 | Vruddhi Securities Ltd.: Prohibited from accessing the capital market and also restrained from dealing in securities under 11B of SEBI Act 1992, w.e.f. 8/12/99 for a period of 5 years. |
| 45 | M/s. Mefcom Securities Ltd., NSE & BSE: SEBI has ordered suspension of registration, for a further period of nine months w.e.f Dec 9, 1999 till Sept.8, 2000. |
| 46 | M/s. Hemendra Shah: Prohibited from dealing in securities for a period of five years w.e.f. 16th Feb 2000 under Reg 11 of (Fraudulent & Unfair Trade Practice) |
| 47 | Shri Bajrang Lal Agarwal, Promoter Director: Prohibited from accessing capital market for a period of five years w.e.f.16th Feb 2000. |
| 48 | R C Betala: Prohibited from accessing capital market for a period of 5 years with immediate effect (22.2.00). He shall purchase shares at face volume from any subscriber or existing shareholder who exercise an option to sell these shares in response to offer made by the company. |
| 49 | M/s. Betala Global Securities Ltd.: The company to write to al the applicants / existing shareholders giving them an option – to claim refund for the subscription made in the public issue of BGSL or sell their shares at the face value to Mr. R C Betala and other promoters. On receipt of such request from the applicants / existing shareholders the company shall refund the subscription amount to the applicants / Mr. R C Betala shall buy the shares from the shareholders at the face value of the shares within three months of this order. |
| 50 | Janak Doshi: Prohibited from accessing capital market & dealing in the securities for 2 years w.e.f 28.2.00 |
| 51 | Sohanlal Binjrajka: Prohibited from accessing capital market & dealing in the securities for 2 years w.e.f 28.2.00 |
| 52 | Rajesh Bhanushali: Prohibited from dealing in securities for a period of one year w.e.f. 28.2.00 |
| 53 | Rajiv Mehta: Prohibited from dealing in securities for a period of 3 years w.e.f. 28.2.00 |
| 54 | Mr. R Ramakrishnan: Composition of Board of Trustees, where he is one of the Trustees, should be changed. At least three trustees out of existing four trustees should step down within a month of receipt of this order. The remaining trustee may continue to hold office for a year to ensure smooth takeover by the new Board and for the sake of continuity of the operations. The fourth Trustee should then step dwon after the expiry of one year from the date of constitution of the new Board of Trustees. |
| 55 | Mr. P A Seshan : -do- |
| 56 | Mr. G V Raman: -do- |
| 57 | Mr. R Thyagarajan: -do- |
| 58 | Mr. Shenoy and Mr. Prakash who assisted Shri Gadgil should be asked to resign with immediate effect. Shri Gadgil who had already resigned shall not be eligible to hold any public position in any capital market related public institution for a further period of 3 years with immediate effect. Further, sponsors to pay with interest, towards the loss caused to unit holders of Shriram Mutual Fund |
Annexure 3
Relative Strength Index(RSI) for Sensex (April '99 - March 2000)
Annexure 4
Relative Strength Index (RSI) for S&P CNX Nifty (April '99-March,2000)
