For full copy of order against AMBUJA ZINC LTD., click here.

For full copy of order against DURGA PRASAD GUPTA, click here.

For full copy of order against GOPI KRISHAN GUPTA, click here.

For full copy of order against KRISHNAVADAN R.DESAI, click here.

For full copy of order against MADAN MOHAN CHOUDHARY, click here.

For full copy of order against SHYAM SUNDAR GUPTA, click here.

PRESS RELEASE - SEBI
October 04, 2002
PR No. 210/2002

Issued by : PRIMARY MARKET DEPARTMENT

Subject : M/s Ambuja Zinc Ltd.-Action against vanishing company

M/s.Ambuja Zinc Ltd.(AZL) came out with a public issue of 21,42,000 equity shares of Rs.10/- each for cash at par in May 1992 aggregating Rs.214.2 lacs for listing its shares at Patna, Mumbai and Delhi Stock Exchanges vide its prospectus dated 31.3.92. 
 
It was found that the Company was not complying with the requirements of listing agreement as well as other relevant legal and statutory requirements. Further, physical verification conducted by Magadh Stock Exchange revealed that the company was not located its registered office address.
 
The Calcutta Task Force (comprising of DCA Officers, SEBI Officials and concerned Stock Exchange Officials) in its meeting held on April 2nd 2002, identified AZL as non traceable. SEBI issued show cause notices to the Company and its Directors. After due process, vide orderorder dated 27th September 2002, u/s 11B of the SEBI Act, 1992, SEBI directed the company and its Directors as per details given below, to disassociate themselves in every respect from the capital market related activities and not to access the capital market for a period of five years, i.e. more specifically, they shall not be allowed to raise funds from the capital market, deal in securities and shall also not be or be associated with any of the intermediaries in the capital market for a period of 5 years. Further, the public companies in which the above directors hold controlling or substantial interest shall not be allowed to raise funds from the capital market for a period of five years.

Sr.No.

Name of the Company

Address

1

Ambuja Zinc Limited

Manish Villa, Patliputra Colony,

Patna 800 013, Bihar

 

Name of the Directors

Address

1

Shri Durga Prasad Gupta

188, Patliputra Colony, Patna

2

Shri Shyam Sundar Gupta

Greater Kailash Part II,

New Delhi

3

Shri Gopi Krishna Gupta

Manish Villa, New Patliputra Colony, Patna 800 013

4

Shri Madan Mohan Choudhary

B176, Peoples Co-op, Kankad Bagh, Patna 800 020

5

Shri Krishna Vadan R Desai

Gokul, 8, Shivranjan Society, Satellite Road, Ahmedabad 380 015

These directions are being issued without prejudice to the right of SEBI to take any other action as deemed fit, under provisions of law, against the Companies and their Directors.