PRESS RELEASE - SEBI

October 01, 2010
PR No. 217/2010

Order in the matters of Mascon Global Ltd. and DSQ Biotech Ltd.

Shri Prashant Saran, Whole Time Member, SEBI, has passed an order dated September 23, 2010 in matters of Mascon Global Ltd. and DSQ Biotech Ltd against various entities. The directions in the order are as follows:

  1. Panther Fincap and Management Services Ltd., Luminant Investments Pvt. Ltd., Classic Credit Ltd. and Saimangal Investrade Ltd. be restrained from buying, selling or dealing in securities and from associating with securities market in any manner whatsoever for a period of fourteen years and this order shall be deemed to be effective from December 12, 2003.
  2. Triumph Securities Ltd. and N.H. Securities Ltd. be restrained from buying, selling or dealing in securities and from associating with securities market in any manner whatsoever for a period of five years and this order shall be deemed to be effective from November 12, 2007.
  3. Classic Share and Stock Broking Services Ltd. be restrained from buying, selling or dealing in securities and from associating with securities market in any manner whatsoever for a period of five years and shall come into effect from the date of the order.
  4. As regards Overseas Corporate Bodies such as Kensington Investments Ltd., European Investments Ltd., Wakefield Holdings Ltd. and Brentfield Holdings Ltd., since all OCB’s were derecognized in India as eligible classes of investor by Reserve Bank of India (RBI) and as these are no longer active in the Indian markets, no directions have been passed at this point of time. However, if there is any change in the policy of RBI regarding OCBs, SEBI shall be free to initiate action against these for allegations made herein.
     

Mumbai

October 01, 2010

 

For full copy of order against CLASSIC CREDIT LTD., click here.

For full copy of order against CLASSIC SHARE & STOCK BROKING SERVICES LTD., click here.

For full copy of order against CLASSIC SHARE & STOCK BROKING SERVICES LTD., click here.

For full copy of order against CLASSIC SHARE & STOCK BROKING SERVICES LTD., click here.

For full copy of order against CLASSIC SHARE & STOCK BROKING SERVICES LTD., click here.

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

For full copy of order against NH SECURITIES LTD., click here.

For full copy of order against NH SECURITIES LTD., click here.

For full copy of order against PANTHER FINCAP & MANAGEMENT SERVICES LTD., click here.

For full copy of order against SAIMANGAL INVESTRADE LTD., click here.

For full copy of order against TRIUMPH SECURITIES LTD., click here.