PRESS RELEASE - SEBI

 January 13, 2009
PR No. 018/2009

Order against Websity Infosys Ltd. and others

Dr. K. M. Abraham, Whole Time Member, SEBI, has passed an order dated December 31, 2008 issuing directions under Section 11 B of SEBI Act, 1992 read with Regulation 11 of SEBI (Prohibition of fraudulent and unfair trade practices relating to securities market) Regulations, 2003 and Regulations 44 and 45 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 against the following entities:-

Sr. No.

Name of the entity

Address

Directors

1

Websity Infosys Limited

B-218, Ground Floor, Lajpat Nagar, Part- I, New Delhi (Formerly at D-15/4, Okhla Industrial area Phase I, New Delhi-110020)

Mr. S.L. Maloo, Mr. R.K. Agarwal, Mr. M. C. Maloo, Mr. S. C. Sethia, Mr. K. K. Agarwal, Mr. Sunil Agarwal, Mr. D.D. Manger and Mr. Ashutosh Sharma

2

Lunar Finance Limited

D-15/4, Okhla Industrial area Phase I, New Delhi-110020

Mr. S. L. Maloo and Mr. Sunil Agarwal,

3

Yare Engineering Private Limited

15 A/38, WEA, Karol Bag, New Delhi

Mr. Digambar Mandal, Mr M. C. Chhajer and Mr. Sunil Agarwal

4

Yashodanandan Investment Private Limited

73,  Vijay Block, 3rd Floor, Laxmi Nagar, Vikas Marg, New Delhi

5

Chakradhara Holdings Private Limited

73,  Vijay Block, 3rd Floor, Laxmi Nagar, Vikas Marg, New Delhi

Mr. Sunil Agarwal and Mr. Jaswant Saini,

6

Devkinandan Holdings Private Limited

15 A/38, WEA, Karol Bag, New Delhi

Mr. Sunil Agarwal and Mr. Jaswant Saini,

7

Murliwala Holdings Private Limited

15 A/38, WEA, Karol Bag, New Delhi

Mr. Sunil Agarwal and Mr. Jaswant Saini

8

Sunraj Software Private Limited

S-453, GK-II, New Delhi

9

Echo Chemicals Private Limited

A-81, Okhla Industrial Area, Phase II, New Delhi

Mr S.C. Sethia, Mr. M. C. Chhajer and Mr. Sunil Agarwal

10

Emerald Housing & Constructions Private Limited

15 A/38, WEA, Karol Bag, New Delhi

11

Teknik Digital Systems Private Limited,

73,  Vijay Block, 3rd Floor, Laxmi Nagar, Vikas Marg, New Delhi

12

M/s. Jai Shankar Investment Private Limited

44, DSIDC Comples, Mata Sundri Road , New Delhi

Mr. M.M. Miglani

13

Mr. Rajiv Sharma

M/s. Rajiv Sharma & Co, Chartered Accountants, E-133, Greater Kailash , Part I, New Delhi .



In accordance with said order, the entities from serial number 1 to 12 above including their directors have been prohibited from buying, selling or dealing in securities in any manner either directly or indirectly for a period of five years. Whereas entity at serial number 13 (i.e. Mr. Rajiv Sharma) has been prohibited for a period of one year. The said order is enforced with immediate effect. 

Mumbai

January 13, 2009

 

For full copy of order against AJAY ROADWAYS PVT.LTD., click here.

For full copy of order against ASHUTOSH SHARMA, click here.

For full copy of order against CHAKRADHAR HOLDINGS PVT.LTD., click here.

For full copy of order against D.D.MANAGER, click here.

For full copy of order against DEVKINANDAN HOLDINGS PVT.LTD., click here.

For full copy of order against DIGAMBAR MANDAL, click here.

For full copy of order against ECHO CHEMICALS PVT.LTD., click here.

For full copy of order against ECONO COMMERCIAL EVALUATORS PVT.LTD., click here.

For full copy of order against EMERALD HOUSING & CONSTRUCTIONS PVT.LTD., click here.

For full copy of order against JAI SHANKAR INVESTMENTS PVT.LTD., click here.

For full copy of order against JASWANT SAINI, click here.

For full copy of order against K.K.AGARWAL, click here.

For full copy of order against LUNAR FINANCE LTD., click here.

For full copy of order against LUXURY FOAMS LTD., click here.

For full copy of order against M.C.CHHAJER, click here.

For full copy of order against M.C.MALOO, click here.

For full copy of order against M.M.MIGLANI, click here.

For full copy of order against MURLIWALA HOLDINGS PVT.LTD., click here.

For full copy of order against R.K.AGARWAL, click here.

For full copy of order against RAJIV SHARMA, click here.

For full copy of order against RAJIV SHARMA & CO., click here.

For full copy of order against S.L.MALOO, click here.

For full copy of order against S.L.MALOO, click here.

For full copy of order against SHIKHAR CHAND SETHIA, click here.

For full copy of order against SHIKHAR CHAND SETHIA, click here.

For full copy of order against SUNIL AGARWAL, click here.

For full copy of order against SUNIL AGARWAL, click here.

For full copy of order against SUNRAJ SOFTWARE PVT.LTD., click here.

For full copy of order against TEKNIK DIGITAL SYSTEMS PVT.LTD., click here.

For full copy of order against WEBSITY INFOSYS LTD., click here.

For full copy of order against YARE ENGINEERING PVT.LTD., click here.

For full copy of order against YASHODANANDAN INVESTMENTS PVT.LTD., click here.