March 22, 2016
PR No. 066/2016

Order in the matter of Sharepro Services (I) Pvt. Ltd.

Shri Rajeev Kumar Agarwal, Whole Time Member, Securities and Exchange Board of India (SEBI), has passed an interim order dated March 22, 2016 against Sharepro Services(“Sharepro”) inter alia restraining Sharepro and several entities linked with the management of Sharepro from buying, selling or dealing in the securities market or associating themselves with securities market, either directly or indirectly, in any manner, till further directions.
 
Companies who are clients of Sharepro have been directed to conduct a thorough audit of the records and systems of Sharepro with respect to dividends paid and transfer of securities to determine whether dividends have been paid to actual/beneficial holders and whether securities have been transferred as per the provisions of law. They have also been advised to carry out /switchover their activities related to a registrar to an issue and share transfer agent, either in-house or through another registrar to an issue or share transfer agent registered with SEBI.
 
It was inter-alia observed that

a) Dividends belonging to rightful investors were transferred to the persons related to the management of Sharepro
 
b) Shares belonging to rightful investors were transferred to the persons related to the management of Sharepro

Mumbai
March 22, 2016

For full copy of order against ANAND S.BHALAKIA, click here.

For full copy of order against ANIL JATHAN, click here.

For full copy of order against BALRAM MUKHERJEE, click here.

For full copy of order against BHAGYALAKSHMI GOVINDRAJ RAO, click here.

For full copy of order against GOVINDRAJ RAO, click here.

For full copy of order against INDIRA PRASHANT KARKERA, click here.

For full copy of order against KRISHNA M.GHOSH, click here.

For full copy of order against NAGESH NARAYAN KARKERA, click here.

For full copy of order against NARAYAN DEVADIGA, click here.

For full copy of order against PRASHANT NARAYAN KARKERA, click here.

For full copy of order against RAJU LANDGE, click here.

For full copy of order against SHAREPRO SERVICES, click here.

For full copy of order against SHRIKANT CHANDULAL BHALAKIA, click here.

For full copy of order against SUKHDEV BHOSALE, click here.

For full copy of order against SURESH UNAVANE, click here.

For full copy of order against SWAPNIL SUTAR, click here.