Further development on this order: RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES IN ANY MANNER AND IN ANY CAPACITY FOR A PERIOD OF ONE YEAR (25/07/2007 TO 24/07/2008) IN THE MATTER OF M/S NATURAL EXPO AGRO INDUSTRIES LTD.

Further development on this order: SAT: APPEAL STAND DISPOSED OFF, AS APPELLANT AGREED TO PAY RS.5,60,000 AS PER CONSENT ORDER

Further development on this order: SAT: IMPUGNED ORDER SET ASIDE

Further development on this order: SAT: IMPUGNED ORDER SET ASIDE AND INSTRUCTED SEBI TO ISSUE FRESH NOTICE AFTER INITIATING PROCEEDINGS

Further development on this order: SEBI DIRECTED NOT TO TAKE ANY ACTION AGAINST KEYWORD M.BAKSHI

PRESS RELEASE

Chairman SEBI has passed four (4) Orders dated 05.09.03, against M/s. Raj Investments and its partners; M/s. Vrushti Financial Services Pvt. Ltd. and its directors; M/s. Manyog Investments Pvt. Ltd. and its directors; and M/s. Galav Finance and Investments Pvt. Ltd. and its directors in the matter of public issue of M/s. Natural Expo Agro Industries Ltd. Chairman has in exercise of the powers conferred on him under Section 4(3) read with Section 11(4)(b) and 11B of SEBI Act and Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 ordered that M/s. Raj Investments and its partners namely Ms. Praveena C Shah, Ms. Sandhya S Shah, Ms. Suniti N Shah, Ms. Sheetal J Shah and Mr. Jignesh N Shah; M/s. Manyog Investments Pvt. Ltd. and its directors namely Shri Yogesh Ruparel and Shri Manish Shah; M/s. Galav Finance Limited and its directors namely Shri Navinbhai and Shri Jayesh Thakkar to dissociate themselves from the capital market for a period of 5 years and that the aforesaid persons shall not deal in securities in any manner whatsoever for a period of five years with immediate effect. 
 
Chairman has also in exercise of the powers conferred on him under Section 4(3) read with Section 11 and 11B of SEBI Act and Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 ordered that M/s. Vrushti Financial Services Pvt. Ltd. and its directors namely Shri Shailesh Thakkar and Shri Keyoor M. Bakshi to dissociate themselves from the capital market for a period of 5 years and that the aforesaid persons shall not deal in securities in any manner whatsoever for a period of five years with immediate effect.

For full copy of order against GALAV FINANCE & INVESTMENTS PVT.LTD., click here.

For full copy of order against JAYESH THAKKAR, click here.

For full copy of order against JIGNESH N.SHAH, click here.

For full copy of order against KEYOOR M.BAKSHI, click here.

For full copy of order against MANISH N.SHAH, click here.

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

For full copy of order against NAVINBHAI, click here.

For full copy of order against PRAVEENA C.SHAH, click here.

For full copy of order against RAJ INVESTMENTS, click here.

For full copy of order against SANDHYA S.SHAH, click here.

For full copy of order against SHAILESH THAKKAR, click here.

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

For full copy of order against SUNITI N.SHAH, click here.

For full copy of order against VRUSHTI FINANCIAL SERVICES PVT.LTD., click here.

For full copy of order against YOGESH RUPAREL, click here.