March 07, 2001
PR No. 40/2001
Issued By: PRIMARY MARKET DEPARTMENT
Sub: Action in respect of companies not complying with the listing agreement and not physically traceable at the registered office address mentioned in the offer document.
SEBI issued 11 B orders dated January 18,2001 & February 28th, 2001 against 16 companies & 33 Directors prohibiting them from entering into the capital market for a period of 5 years. Details of debarred Companies are as per Annexure A & debarred Directors are as per Annexure B.
With these orders, SEBI has so far issued 11B against 86 companies and 335 directors prohibiting them from associating in every respect from the capital market activities. The order would mean that the companies and promoters/directors are prohibited from associating in every respect from the capital market activities and not to deal in securities and to access the capital market, more specifically not be allowed to raise funds from capital market and shall not be or be associated with any of the intermediaries in the capital market for a period of 5 years.
In addition to these, the cases would also be referred to the State governments for their action where cheating or fraud is suspected.
Further out of 335 directors, 11 B orders issued against 7 directors earlier have been revoked after examination of the cases. (Annexure C)
Annexure A :
S.No. |
Name of
the Company |
Address |
Date
of the Order |
1. |
Dhavanil Chemicals
Ltd. |
9, NIRAV COMPLEX,
NR. NAVRANG SCHOOL POST NAVJIVAN AHMEDABAD 380014.
|
18.01.2001 |
2. |
Crest World Marine
Ltd. |
90, 3rd Street ,
Karpagam Avenue, Chennai - 600 028. |
28-02-2001 |
3. |
Deccan Petroleum
Ltd. |
3-6-100/b/1, West
Marredpally , Secunderabad- 500 026. |
28-02-2001 |
4. |
Flora
wall Coverings Ltd. |
376/35,
6th cross, Wilson Garden, Bangalore - 560 027. |
28-02-2001 |
5. |
Global Exhibitions
Ltd. |
Suit No. 102,
10-5-6, My Home Plaza, Masab Tank, Hyderabad- 28. |
28-02-2001 |
6. |
Maa Capital Market
Services Ltd. |
3, Dugarbal Deshmukh
Road, Habib Compalex, III Floor, Raja Annamalaipuram, Chennai –
28 |
28-02-2001 |
7. |
Nagarjuna Jiyo
Marines Ltd. (Now called as Nagarjuna Industries Ltd.) |
2-C, Glenedal Place,
813, P.H.Road, Kilpauk, Chennai 600 010 |
28-02-2001 |
8. |
Panggo Exports Ltd. |
21, 17th street,
Mosque Colony, Chennai 600 032. |
28-02-2001 |
9. |
Rizvi Exports Ltd. |
14/145, Commerce
Centre , The Mall, Kanpur - 208001. |
28-02-2001 |
10. |
Shakti Sai Flowers
Ltd. |
6-2-39/B, AC Guards
, Hyderabad - 500 004. |
28-02-2001 |
11. |
Siddhartha
Pharmaceuticals Ltd. |
A- 6/1, UPSIDC
Industrial Area, Gajraula, Dist. Moradabad , UP |
28-02-2001 |
12. |
SSP Polymers
Industries Ltd. |
Plot No. 172, Street
no. 5, West Maredpalli, Secunderabad- 26. |
28-02-2001 |
13. |
Vidiani Agrotech
Industries Ltd. |
Village Gohari,
Tehsil Chhata, District Mathura, UP |
28-02-2001 |
14. |
Protech Switchgears
Ltd |
Mehuli Talavadi,
Dabhasa, Padra, Vadodra - 391 440 |
28-02-2001 |
15. |
Protech Circuit
Breakers Ltd. |
Mehuli Talavadi,
Dabhasa, Padra, Vadodra - 391 440 |
28-02-2001 |
16. |
Genuine
Commodities Development Company Ltd. |
37/I ,
Jayant Park , Near Bhadavatanagar, Vatva Road, Mani Road,
Ahmedabad-380 008. |
28-02-2001 |
Annexure B
S.No. |
Name of the Director |
Address |
Name of the
Company |
Date of the
Order |
1. |
Smt. Sejal S. Zaveri |
12- A, Nilay
Apartment, Behind Navrang School, Nanakpura,
Ahmedabad- 380 013.
|
DHVANIL CHEMICALS
LTD |
18.01.2001 |
2. |
Sh. Smitesh V.
Zaveri |
12- A, Nilay
Apartment, Behind Navrang School, Nanakpura,
Ahmedabad- 380 013.
|
DHVANIL CHEMICALS
LTD |
18.01.2001 |
3. |
Shashank Jain |
J-56, Sector 15,
Noida - 201 301 |
Canara Credit Ltd. |
28-02-2001 |
4. |
Ashok Mahajan |
3/30, Khandari ,
Agra |
Danin Leather Ltd. |
28-02-2001 |
5. |
C.H.Padmanabha Rao |
402, Amrutha
Estates, Lingapur Building, Himayat Nagar, Hyderabad. |
Global Exhibitions
Ltd. |
28-02-2001 |
6. |
K.Gopalakrishnan |
Samarpan , 5th
Avenue , Adyar, Chennai - 20 |
Maa Capital Market
Services Ltd. |
28-02-2001 |
7. |
Kasam Sait |
No 157, Auto nagar ,
Vizag 530012. |
Nagarjuna Jiyo
Marines Ltd. |
28-02-2001 |
8. |
Md. Faiz Kasam Sait |
No 157, Auto nagar ,
Vizag 530012. |
Nagarjuna Jiyo
Marines Ltd. |
28-02-2001 |
9. |
A. Ramakrishna Reddy |
8-2/12/112/A/14,
Road No. 9, Jubilee Hills, Hyderabad- 500 034. |
Premier Aqua Farms
Ltd. |
28-02-2001 |
10. |
A. Shanti |
8-2/12/112/A/14,
Road No. 9, Jubilee Hills, Hyderabad- 500 034. |
Premier Aqua Farms
Ltd. |
28-02-2001 |
11 |
C. Anil Kumar Reddy. |
8-2/12/112/A/14,
Road No. 9, Jubilee Hills, Hyderabad- 500 034. |
Premier Aqua Farms
Ltd. |
28-02-2001 |
12. |
Kanta Saini |
N- 1 Hakikat Nagar,
Saharanpur. |
Raymed Lab Ltd. |
28-02-2001 |
13 |
Sushil Kr. Saini |
N- 1 Hakikat Nagar,
Saharanpur. |
Raymed Lab Ltd. |
28-02-2001 |
14 |
Vidya Sagar Saini |
N- 1 Hakikat Nagar,
Saharanpur. |
Raymed Lab Ltd. |
28-02-2001 |
15 |
ILYAS RIZVI |
78/53-A , Latouche
Road, Kanpur |
Rizvi Exports Ltd. |
28-02-2001 |
16 |
Kaji Jalil Abbasi |
Post Bayara, Dist.
Sidhartnagar , UP |
Rizvi Exports Ltd. |
28-02-2001 |
17 |
N Rajashekar |
Sector 15, NOIDA, UP |
Rizvi Exports Ltd. |
28-02-2001 |
18 |
S M A Rizvi |
78/53-A , Latouche
Road, Kanpur |
Rizvi Exports Ltd. |
28-02-2001 |
19 |
B. Shridaram Reddy |
HIG - 1, Block 3,
F17, Baghlingampally, Hyderabad. |
Shakti Sai Flowers
& Tissues Ltd. |
28-02-2001 |
20 |
K. Ashok Reddy |
2-2-11337/3/1/C/1,
New Nallakunta, Hyderabad. |
Shakti Sai Flowers
& Tissues Ltd. |
28-02-2001 |
21 |
K. Lavanya Reddy |
1-8-702/4/B,
Nallakunta, Hyderabad. |
Shakti Sai Flowers
& Tissues Ltd. |
28-02-2001 |
22 |
K. Shobha Sahadev
Reddy |
Flat No. 102, Sai
Residency, Naveen Nagar, Erramanzil Colony, Hyderabad. |
Shakti Sai Flowers
& Tissues Ltd. |
28-02-2001 |
23 |
K. Srikanth Reddy |
2-2-11337/3/1/C/1,
New Nallakunta, Hyderabad. |
Shakti Sai Flowers
& Tissues Ltd. |
28-02-2001 |
24 |
Akhil Swami |
E- 37B, Sector 27,
Noida- 201 301. |
Sidhartha Pharmachem
Ltd. |
28-02-2001 |
25 |
Piyush Kr. Jain |
4B/12, Sant Gadge
Marg, Old Rajinder Nagar, New Delhi. |
Sidhartha Pharmachem
Ltd. |
28-02-2001 |
26 |
Prashant Jain |
4B/12, Sant Gadge
Marg, Old Rajinder Nagar, New Delhi. |
Sidhartha Pharmachem
Ltd. |
28-02-2001 |
27 |
Ananth Swaminathan |
108, AWHO Colony,
Sector A, Gautam Enclave, Secunderabad- 500 009. |
SSP Polymer
Industries Ltd. |
28-02-2001 |
28 |
Manit Jaju |
C-65, Malviya Nagar,
New Delhi - 110 017. |
Vadra Investments
Ltd. |
28-02-2001 |
29 |
A K Maheshwary |
121, Maker Chamber
V, Nariman Point, Mumbai. |
Vidiani Agrotech
Industries Ltd. |
28-02-2001 |
30 |
Dinesh V Chaturvedi |
C- 706, Milton
Apartment, Juhu Tara Road, Santacruz (W), Mumbai. |
Vidiani Agrotech
Industries Ltd. |
28-02-2001 |
31 |
Vimal K Chaturvedi |
608, Vishal Bhawan,
95, Nehru Place, New Delhi. |
Vidiani Agrotech
Industries Ltd. |
28-02-2001 |
32 |
T. Sudhakar Rao |
6-3-661/A/4,
Sangeetha Nagar, Somajiguda, Hyderabad- 500 482 |
Vini Meta Spin
Steels Ltd. |
28-02-2001 |
33 |
Raj Kumar Shukla |
B87, Pandara Road,
New Delhi. |
Zed Investments Ltd. |
28-02-2001 |
Annexure C
S.No |
Name of the Director |
Address |
Name of the Company |
Date of Order |
1 |
B. Arvind |
107, My Home Mt.
View Apts, Navodaya Colony, Hyderabad – 500 073. |
Sangeo Services Ltd |
26-02-2001 |
2 |
B Ramadevi |
107, My Home Mt.
View Apts, Navodaya Colony, Hyderabad - 500 073. |
Sangeo Services Ltd |
26-02-2001 |
3 |
S.B.Nallamala |
4153, Allistair
Road, Winston- Salem, N,C.27104. |
Sangeo Services Ltd |
26-02-2001 |
4 |
Ratan Paul |
407, R.N. Guha Road,
Dum Dum, Nager Bazaar, Calcutta |
Sangeo Services Ltd |
26-02-2001 |
5 |
Jayesh Mor |
9, Walkeshwar
Society , Ambawadi, Ahmedabad - 380 015 |
Aashi Industries
Ltd. |
28-02-2001 |
6. |
DR. AMRITLA C. SHAH |
C- 1/2, Llyods
Garden, Appasaheb Marathe Marg,
Prabhadevi , Mumbai - 400 025.
|
MRUG
PHARMACEUTICALS LTD |
10.11.2000 |
7. |
NARESH KUMAR
BHARGAWA |
417, Mahavir Nagar,
Tonk Road Jaipur |
SURAJ STONE
CORPORATION LTD |
22.01.2001 |
|
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