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SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

PERSONS: FORGED SIGNATURES ON AUTHORITY LETTERS

S.No. PERSON ENTITY REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1 
History of entity/person MAHENDRA C.SHAH  
  INDULGED IN CREATION OF ARTIFICIAL MARKET AND PRICE MANIPULATION IN SCRIP OF KARUNA CABLES LTD. (NOW KNOWN AS GLOBUS CORP.LTD.)

FORGED SIGNATURES ON AUTHORITY LETTERS TO ATTEND HEARING WITH SEBI IN MATTER OF KARUNA CABLES LTD. (NOW KNOWN AS GLOBUS CORP.LTD.)  		DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 24-JUN-2010 TILL FURTHER ORDERS

DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 24-JUN-2010 TILL FURTHER ORDERS

RESTRAINED FROM HOLDING ANY MANAGERIAL POSITION (INCLUDING DIRECTORSHIP) IN ANY LISTED COMPANY IN INDIA OR AN INTERMEDIARY REGISTERED WITH SEBI OR WITH ANY SECURITIES MARKET PARTICIPANT, IN ANY CAPACITY FROM 24-JUN-2010 TILL FURTHER ORDERS

24-JUN-2010 		SEBI VIDE ITS ORDER DATED 18/07/2011 MODIFIED ITS EARLIER ORDER DATED 24/06/2010 1.REVOKED RESTRAINT ORDER 2.DIRECTED TO CONTINUE TILL FURTHER DIRECTIONS NOT TO HOLD ANY MANAGERIAL POSITION (INCLUDING DIRECTORSHIP) OR ANY OTHER KEY POSITION IN ANY LISTED COMPANY IN INDIA OR AN INTERMEDIARY REGISTERED WITH SEBI
2 
History of entity/person PRAKASH K.SHAH  
  FORGED SIGNATURES ON AUTHORITY LETTERS TO ATTEND HEARING WITH SEBI IN MATTER OF KARUNA CABLES LTD. (NOW KNOWN AS GLOBUS CORP.LTD.)  BAR COUNCIL OF MAHARASHTRA & GOA DIRECTED TO TAKE APPROPRIATE ACTION AGAINST ADVOCATE MR.PRAKASH K.SHAH WITH REQUEST TO FURNISH A COPY OF ITS ACTION TO SEBI

24-JUN-2010 		SAT: APPEAL DISPOSED OFF WITH AN OBSERVATION THAT IMPUGNED ORDER DATED 24/06/2010 QUA APPLICANT SHALL BE TREATED AS COMPLAINT FILED BY SEBI AND RESTRAINT ORDER ISSUED SHALL STAND WITHDRAWN.AFFIDAVIT FILED BY SANJAY B.SHAH SHALL ALSO BE FORWARDED TO BAR COUNCIL OF MAHARASHTRA AND GOA ALONGWITH COMPLAINT. NO ORDER AS TO COSTS
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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