October 01, 2007
PR No. 268/2007

Order against M/s. Ganpati Finsec Pvt. Ltd. and others

Shri G.Anantharaman, Whole Time Member, SEBI has passed an order on September 28, 2007 against M/s. Ganpati Finsec Pvt. Ltd. (GPPL) and its Directors viz. Shri Devender Mittal, Smt. Ritu Mittal and Dr. K.C MittalM/s. Digital Stocks and its Proprietor, Shri Dheeraj Kumar Madaan (DKM) and M/s. Ansh Bharati and its Proprietor, Shri Amit Mittal. These entities have been restrained from accessing the securities market and also prohibited from associating with the securities market to buy, sell or deal in securities either directly or indirectly for a period of three years. GFPL and its Directors and DKM were inter alia found involved in defrauding of investors at Abohar, Punjab. GFPL and M/s. Ansh Bharati acted hand in glove and circumvented the compliance of ad interim SEBI order dated October 05, 2005. 
 
The period of prohibition already undergone by GFPL and its Directors, M/s.Digital Stocks and its proprietor, Shri Dheeraj Kumar Madaan vide ad interim SEBI order dated October 05, 2005 would be reduced from the said period of three years.
 

Mumbai

October 01, 2007

For full copy of order against
(1) M/S DIGITAL STOCKS AND ITS PROPRIETOR, SHRI DHEERAJ KUMAR MADAAN,
(2) GANPATI FINSEC PVT LTD AND ITS DIRECTORS VIZ SHRI DEVENDER MITTAL, SMT. RITU MITTAL AND DR. K.C MITTAL AND
(3) M/S ANSH BHARATI AND ITS PROPRIETOR SHRI AMIT MITTAL. click here.