June 27, 2000
PR No. 135/2000

Direction under Section 11 B of SEBI Act, 1992 against Shri Tarun Goyal
Primary Market department

Chairman, SEBI has issued a direction on June 12, 2000 under section 11 B of the SEBI Act, 1992 debarring Shri Tarun Goyal, a director of M/s Geefcee Finance Ltd. from associating with the capital market related activities, dealing in securities, accessing the capital market and associating with any of the intermediaries in the capital market for a period of 5 years. Shri Tarun Goyal was instrumental in committing irregularities in the public issues of M/s Karan Finance Ltd. (KFL), M/s Mahanivesh (India) Ltd. (MIL), M/s Geefcee Finance Ltd. (GFC) and M/s Kalyani Finance Ltd. (KAL).