Further development on this order: DIRECTIONS OF PROHIBITING FROM ACCESSING SECURITIES MARKET AND FREEZING DEMAT ACCOUNTS REVOKED, OTHER DIRECTIONS WILL CONTINUE TO OPERATE. FURTHER DIRECTED TO SUBMIT COMPLIANCE REPORT TO SEBI IN RESPECT OF SALE OF SHARES LYING IN DEMAT ACCOUNT AND TRANSFER SALE PROCEED TO COMPLAINANTS NAMELY MR. T.S.NILKANTHAN & MS. LAKSHMI NILKANTHAN

Further development on this order: INTERIM ORDER DATED 03/09/2007 REVOKED AGAINST MR. PRADIPTA CHATTERJEE AND ENQUIRY OFFICER SHALL PROCEED WITH ITS PROCEEDINGS AND MAKE RECOMMENDATIONS WITHOUT BEING INFLUENCED BY THE OBSERVATIONS MADE IN THIS ORDER

 September 03, 2007
PR No. 251/2007

Order against M/s. Mega Millennium Securities Pvt. Ltd., M/s. Mega Millennium Investment Pvt. Ltd.,
Mr. Swaminathan Mahalingam &

Mr. Pradipta Chatterjee

Shri V.K.Chopra, Whole Time Member, SEBI, has passed an order dated September 03, 2007, against M/s. Mega Millennium Investment Pvt. Ltd. Member, Interconnected Stock Exchange of India and Sub-broker of NSE & BSE, M/s. Mega Millennium Securities Pvt. Ltd. and their Directors Mr. Swaminathan Mahalingam and Mr. Pradipta Chatterjee prohibiting them from buying, selling or dealing in securities in any manner whatsoever either for themselves or for their clients, till further orders are passed by SEBI in this regard. The entities have allegedly indulged in borrowing of securities from gullible investors by misrepresentation and fictitious means. They also failed to redress investor grievances.
 

Mumbai

September 03, 2007

For full copy of order against MEGA MILLENNIUM INVESTMENT PVT.LTD., click here.

For full copy of order against MEGA MILLENNIUM INVESTMENT PVT.LTD., click here.

For full copy of order against MEGA MILLENNIUM INVESTMENT PVT.LTD., click here.

For full copy of order against MEGA MILLENNIUM SECURITIES PVT.LTD., click here.

For full copy of order against PRADIPTA CHATTERJEE, click here.

For full copy of order against PRADIPTA CHATTERJEE, click here.

For full copy of order against PRADIPTA CHATTERJEE, click here.

For full copy of order against PRADIPTA CHATTERJEE, click here.

For full copy of order against SWAMINATHAN MAHALINGAM, click here.

For full copy of order against SWAMINATHAN MAHALINGAM, click here.

For full copy of order against SWAMINATHAN MAHALINGAM, click here.

For full copy of order against SWAMINATHAN MAHALINGAM, click here.