August 28, 2007
PR No. 247/2007

Order against ten entities in the matter of M/s. Gujarat Texspin Ltd.

Dr. T.C.Nair, Whole Time Member, SEBI, has passed an order dated August 27, 2007 against ten entities in the matter of M/s. Gujarat Texspin Ltd. 

The following nine entities have been found guilty of violating the provisions of Regulations 3 and 6(c) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995:

1. M/s. Gujarat Texspin Ltd., and its Directors Shri Taufik Haji Gaffar, Shri Tarik Haji Gaffar, Shri Jivrajbhai M.Patel and Shri Mukund Krishnaswami Rao 
    

2. M/s. Ferrari Textiles Pvt. Ltd. and its Director Shri Tohid Hazi Gaffar 
    

3. Shri Atul Ratilal Shah and 
    

4. Shri Neerav Bhagat, Proprietor of M/s. D.K.Consultancy. 

The nine entities have, thus, been restrained from dealing in securities market in any manner for a period of five (5) years.

The proceedings against Shri Krishnakant D.Parekh, erstwhile Director of M/s. Gujarat Texspin Ltd. have been dropped.

The order shall into force with immediate effect.

Mumbai

August 28, 2007

For full copy of order against ATUL RATILAL SHAH, click here.

For full copy of order against FERRARI TEXTILES PVT.LTD., click here.

For full copy of order against GUJARAT TEXSPIN LTD., click here.

For full copy of order against JIVRAJBHAI M.PATEL, click here.

For full copy of order against MUKUND KRISHNASWAMI RAO, click here.

For full copy of order against NEERAV BHAGAT, click here.

For full copy of order against TARIK HAJI GAFFAR, click here.

For full copy of order against TAUFIK HAJI GAFFAR, click here.

For full copy of order against TOHID HAZI GAFFAR, click here.