November 05, 2008
PR No. 247/2008
SEBI passes eight consent orders in the matter of IPO irregularities
A Panel consisting of Whole Time Members, SEBI, Dr. T.C. Nair and Shri M.S.Sahoo has passed two consent orders on November 04, 2008 and six consent orders on November 05, 2008 in the matter of �irregularities in the IPOs� on applications submitted by the following persons :
-
Shri Rajan Vasudevbhai Dapki
-
Ms. Shilpa Rajan Dapki
-
Ms. Ritaben R. Thakkar
-
Ms. Veenaben Y. Thakkar
-
Late Vasudevbhai Gordhandas Dapki
-
Shri Monal Y. Thakkar
-
Deep Stockbroking Pvt. Ltd
-
Shri Deepak Madhukant Patel
In the matter of �irregularities in IPOs�, SEBI passed ad interim ex-parte order on April 27, 2006, prohibiting the above mentioned entities from buying, selling and dealings in securities either directly or indirectly till further orders. These entities were alleged to have acted as financiers to key operators for cornering of shares of various IPOs. These entities have undergone prohibition, since passing of ex-parte order. The total amount remitted by these entities towards consent terms along with the details of disgorgement amount and settlement charges are mentioned in the table below.
|
Name
of the entity
|
Date
of passing order
|
Amount
of disgorgement
|
Amount
of settlement
charges
|
Total
amount
|
|
Shri
Rajan Vasudevbhai Dapki
|
05.11.08
|
Rs.
84,41,165
|
Rs.
10,00,000
|
Rs.
94,41,165
|
|
Ms. Shilpa
Rajan Dapki
|
05.11.08
|
Rs.
34,77,695
|
Rs.
5,00,000
|
Rs.
39,77,695
|
|
Ms. Ritaben
R. Thakkar
|
05.11.08
|
Rs
30,98,785
|
Rs.
6,20,215
|
Rs.
37,19,000
|
|
Ms. Veenaben
Y. Thakkar
|
05.11.08
|
Rs.
3,52,242
|
Rs.
70,758
|
Rs.
4,23,000
|
|
Shri
Monal Y. Thakkar
|
04.11.08
|
Rs.
29,17,331
|
Rs.
5,83,669
|
Rs.
35,01,000
|
|
Late Vasudevbhai
Gordhandas Dapki
|
05.11.08
|
Rs.
30,00,993
|
Rs.
3,00,000
|
Rs.
33,00,993
|
|
Deep Stockbroking
Pvt. Ltd
|
04.11.08
|
Rs.
19,31,824
|
Rs
3,68,176
|
Rs.
23,00,000
|
|
Shri
Deepak Madhukant Patel
|
05.11.08
|
Rs.
17,60,000
|
Rs.
3,50,000
|
Rs.
21,10,000
|
|
Total
|
|
Rs.2,49,80,035
|
Rs.
37,92,818
|
Rs.
2,87,72,853
|
Mumbai
November 05, 2008
|