PRESS RELEASE - SEBI

 June 26, 2009 
PR No. 204/2009

Order in the matter of Pyramid Saimira Theatre Ltd.

Shri M. S. Sahoo, Whole Time Member, SEBI, has passed an order dated June 25, 2009, restraining Mr. Kishore S. Jain, Mr. Jayantilal R. Jain, Mr. Shripal J. Shah, Mr. Rajeshkumar P. Jain, and Mr. Pravin Kumar Jain from buying, selling or dealing in the securities market in any manner whatsoever or accessing the securities market, directly or indirectly, for a period of three years.

It is also directed that the unlawful gains made by the above named shall be disgorged and an interest @20% shall be paid on the unlawful gains, from the date of sale of the shares so allotted till the date of disgorgement. The same shall be paid by them within 45 days of receipt of the order. In case the aforesaid amount is not paid within the specified time, the above persons shall be restrained from buying, selling or dealing in securities market in any manner whatsoever or accessing the securities market, directly or indirectly, for a further period of seven years, without prejudice to SEBI�s right to enforce disgorgement.

The order has come into force with immediate effect.


Mumbai

June 26, 2009

 


For full copy of order against JAYANTILAL R.JAIN, click here.

For full copy of order against KISHORE S.JAIN, click here.

For full copy of order against PRAVIN KUMAR DEVICHAND JAIN, click here.

For full copy of order against RAJESH PRAKASHCHANDRA JAIN, click here.

For full copy of order against SHRIPAL J.SHAH, click here.