PRESS RELEASE - SEBI

December 16, 2010
PR No. 275/2010

Orders in respect of failure to redress investor grievances by five companies and their directors

In the matter of non-redressal of investor grievances by the below mentioned five companies and their directors, Dr. K. M. Abraham, Whole Time Member, SEBI, has passed orders dated December 15, 2010 restraining them from accessing the securities market and prohibit them from buying, selling or otherwise dealing in securities, directly or indirectly, till all the pending investor grievances against the Companies are resolved.

Sr No

Name of the Company / Directors

 

1

Indo American Credit Corporation Ltd

Company

2

Kanel Oil & Export Industries Ltd

Company

3

Mr. Thakkar K. Dhiren

Director

4

Mr. Thakkar K. Hitesh Bhai

Director

5

Mr. Khese S. Umesh

Director

6

Kolar Information Technologies Ltd (Kolar Biotech Ltd.)

Company

7

Mr. Basantani Chinrai Raj Kumar

Director

8

Mr. Jain Mohanlal Vijay

Director

9

Motorol Enterprise Ltd

Company

10

Mr. Gandhi K. Shashikant

Director

11

Mr. Gandhi K. Chandrakant

Director

12

Mr. Gandhi S. Rinki

Director

13

Mr. Thakar S. Mahesh

Director

14

Panjwani Packaging Ltd

Company

15

Ms. Sujata Verma 

Director

16

Mr. Amarlal Chugh

Director

17

Mr. Kamal Panjwani

Director


 
The orders have come into effect immediately
 

Mumbai

December 16, 2010

 


For full copy of order against AMARLAL CHUGH, click here.

For full copy of order against DHIREN K.THAKKAR, click here.

For full copy of order against HITESH K.THAKKAR, click here.

For full copy of order against INDO-AMERICAN CREDIT CORP.LTD., click here.

For full copy of order against KAMAL PANJWANI, click here.

For full copy of order against KANEL OIL & EXPORT INDUSTRIES LTD., click here.

For full copy of order against KHESE S.UMESH, click here.

For full copy of order against KOLAR INFORMATION TECHNOLOGIES LTD., click here.

For full copy of order against MOTOROL ENTERPRISES LTD., click here.

For full copy of order against PANJWANI PACKAGINGS LTD., click here.

For full copy of order against RAJKUMAR CHAINRAI BASANTANI, click here.

For full copy of order against RINKI S.GANDHI, click here.

For full copy of order against SUJATA VERMA, click here.

For full copy of order against THAKAR S.MAHESH, click here.

For full copy of order against VIJAY MOHANLAL JAIN, click here.