March 12, 2004
PR No. 56/2004
SUB: ORDERS UNDER SECTION 11B OF SEBI ACT, 1992 READ WITH REGULATION 11 OF SEBI (PROHIBITION OF FRAULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 1995 AGAINST THE PROMOTERS OF AFTEK INFOSYS LTD.
SEBI had conducted investigations into the alleged irregularities in the buying, selling and dealing in the scrip of M/s Aftek Infosys Ltd. Pursuant to investigations, SEBI after considering the facts found the promoters of M/s Aftek Infosys Ltd. viz., Shri Ranjit Mohan Dhuru, Shri Pramod Broota, Shri Nitin Kashinath Shukla, Shri Sandip Save, Shri Ashutosh Humnabadkar, Shri Ravindranath Umakant Malekar, Shri Mukul Suryakant Dalal and Shri Charuhas Vasant Khopkar guilty of violating the provisions of Regulations 4 (a), (b), (c) and (d) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995.
In view of this, vide Order dated March 08, 2004 SEBI has prohibited Shri Ranjit Mohan Dhuru, Shri Pramod Broota, Shri Nitin Kashinath Shukla, Shri Sandip Save, Shri Ashutosh Humnabadkar, Shri Ravindranath Umakant Malekar, Shri Mukul Suryakant Dalal and Shri Charuhas Vasant Khopkar promoters of Aftek Infosys Ltd. from buying, selling or dealing in securities for a period of one year from the date of the order.
|