For full copy of order against ACE FINANCE, click here.

For full copy of order against CUMULATIVE INVESTMENTS & TRADING CO.PVT.LTD., click here.

For full copy of order against DESAI INVESTMENT PVT.LTD., click here.

For full copy of order against JALARAM ENTERPRISES, click here.

For full copy of order against KAMLESH J.SHROFF, click here.

For full copy of order against KAMLESH J.SHROFF, click here.

For full copy of order against KAMLESH J.SHROFF, click here.

For full copy of order against KAMLESH J.SHROFF, click here.

For full copy of order against KAMLESH J.SHROFF, click here.

For full copy of order against KAMLESH J.SHROFF, click here.

For full copy of order against MAHIM INVESTMENT & TRADING CO.PVT.LTD., click here.

For full copy of order against MARINE DRIVE INVESTMENT & TRADING CO.PVT.LTD., click here.

For full copy of order against MATUNGA INVESTMENT & TRADING CO.PVT.LTD., click here.

For full copy of order against MAXWORTH FINLEASE (INDIA) PVT.LTD., click here.

For full copy of order against MOHIT PATEL, click here.

For full copy of order against PATEL INVESTMENTS, click here.

For full copy of order against PRADIP R.SHROFF, click here.

For full copy of order against PRADIP R.SHROFF, click here.

For full copy of order against PRADIP R.SHROFF, click here.

For full copy of order against SAI DHWANI INVESTMENTS PVT.LTD., click here.

For full copy of order against SANJAY DAMANI, click here.

For full copy of order against SUKETA KAPADIA, click here.

PRESS RELEASE - SEBI
February 12, 2004
PR No. 40/2004

INVESTIGATOIN DEPARTMENT

Sub : Orders passed by SEBI prohibiting 12 entities from dealing in securities.

SEBI vide orders dated February 11, 2004, has prohibited the following 12 entities from dealing in securities, for their role in market manipulation in the scrip of M/s. V B Desai Financial Services Ltd. under Section 11 & 11(B) of SEBI Act, 1992.
 
While Shri. Kamlesh J Shroff has been prohibited from dealing in securities for three years, the other 11 entities, have been prohibited for one year, viz. 1) Shri Pradip R. Shroff, 2) Marine Drive Investment & Trading Co. Pvt. Ltd. 3) Matunga Investment & Trading Co. Pvt. Ltd. 4) Mahim Investment & Trading Co. Pvt. Ltd., 5) Cumulative Investment & Trading Co. Pvt. Ltd., 6) Desai Investment Pvt. Ltd. 7) Maxworth Finlease P. Ltd. 8) Sai Dhwani Investments P. Ltd., 9) Jalaram Enterprises and its proprietor Shri. Sanjay Damani, 10)Patel Investments and its proprietor Shri. Mohit Patel and 11) Ace Finance and its proprietor Shri. Suketu Kapadia. 
 
These orders are operative with immediate effect.