PRESS RELEASE - SEBI
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January
13, 2009
PR No. 018/2009
Order against Websity Infosys Ltd. and others
Dr. K. M. Abraham, Whole Time Member, SEBI, has passed an order dated December 31, 2008 issuing directions under Section 11 B of SEBI Act, 1992 read with Regulation 11 of SEBI (Prohibition of fraudulent and unfair trade practices relating to securities market) Regulations, 2003 and Regulations 44 and 45 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 against the following entities:-
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Sr.
No.
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Name
of the entity
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Address
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Directors
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1
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Websity
Infosys Limited
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B-218, Ground Floor, Lajpat
Nagar, Part- I,
New Delhi
(Formerly at D-15/4, Okhla
Industrial area Phase I, New Delhi-110020)
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Mr.
S.L. Maloo, Mr. R.K. Agarwal,
Mr. M. C. Maloo, Mr. S. C. Sethia,
Mr. K. K. Agarwal, Mr. Sunil Agarwal,
Mr. D.D. Manger and Mr. Ashutosh Sharma
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2
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Lunar
Finance Limited
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D-15/4,
Okhla Industrial area Phase I, New
Delhi-110020
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Mr.
S. L. Maloo and Mr. Sunil Agarwal,
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3
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Yare
Engineering Private Limited
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15 A/38, WEA, Karol Bag,
New Delhi
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Mr.
Digambar Mandal,
Mr M. C. Chhajer
and Mr. Sunil Agarwal
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4
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Yashodanandan
Investment Private Limited
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73,
Vijay Block, 3rd Floor, Laxmi
Nagar, Vikas Marg,
New Delhi
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5
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Chakradhara
Holdings Private Limited
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73,
Vijay Block, 3rd Floor, Laxmi
Nagar, Vikas Marg,
New Delhi
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Mr.
Sunil Agarwal and Mr. Jaswant
Saini,
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6
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Devkinandan
Holdings Private Limited
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15 A/38, WEA, Karol Bag,
New Delhi
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Mr.
Sunil Agarwal and Mr. Jaswant
Saini,
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7
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Murliwala
Holdings Private Limited
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15 A/38, WEA, Karol Bag,
New Delhi
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Mr.
Sunil Agarwal and Mr. Jaswant
Saini
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8
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Sunraj
Software Private Limited
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S-453, GK-II,
New Delhi
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9
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Echo
Chemicals Private Limited
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A-81, Okhla
Industrial Area, Phase II,
New Delhi
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Mr
S.C.
Sethia,
Mr. M. C. Chhajer and Mr. Sunil Agarwal
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10
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Emerald
Housing & Constructions Private Limited
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15 A/38, WEA, Karol Bag,
New Delhi
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11
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Teknik
Digital Systems Private Limited,
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73,
Vijay Block, 3rd Floor, Laxmi
Nagar, Vikas Marg,
New Delhi
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|
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12
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M/s.
Jai Shankar Investment Private Limited
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44, DSIDC Comples,
Mata Sundri Road
,
New Delhi
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Mr.
M.M. Miglani
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13
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Mr.
Rajiv Sharma
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M/s. Rajiv
Sharma & Co, Chartered Accountants, E-133, Greater Kailash
, Part I,
New Delhi
.
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In accordance with said order, the entities from serial number 1 to 12 above including their directors have been prohibited from buying, selling or dealing in securities in any manner either directly or indirectly for a period of five years. Whereas entity at serial number 13 (i.e. Mr. Rajiv Sharma) has been prohibited for a period of one year. The said order is enforced with immediate effect.
Mumbai
January 13, 2009
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For full copy of order against AJAY ROADWAYS PVT.LTD., click here.
For full copy of order against ASHUTOSH SHARMA, click here.
For full copy of order against CHAKRADHAR HOLDINGS PVT.LTD., click here.
For full copy of order against D.D.MANAGER, click here.
For full copy of order against DEVKINANDAN HOLDINGS PVT.LTD., click here.
For full copy of order against DIGAMBAR MANDAL, click here.
For full copy of order against ECHO CHEMICALS PVT.LTD., click here.
For full copy of order against ECONO COMMERCIAL EVALUATORS PVT.LTD., click here.
For full copy of order against EMERALD HOUSING & CONSTRUCTIONS PVT.LTD., click here.
For full copy of order against JAI SHANKAR INVESTMENTS PVT.LTD., click here.
For full copy of order against JASWANT SAINI, click here.
For full copy of order against K.K.AGARWAL, click here.
For full copy of order against LUNAR FINANCE LTD., click here.
For full copy of order against LUXURY FOAMS LTD., click here.
For full copy of order against M.C.CHHAJER, click here.
For full copy of order against M.C.MALOO, click here.
For full copy of order against M.M.MIGLANI, click here.
For full copy of order against MURLIWALA HOLDINGS PVT.LTD., click here.
For full copy of order against R.K.AGARWAL, click here.
For full copy of order against RAJIV SHARMA, click here.
For full copy of order against RAJIV SHARMA & CO., click here.
For full copy of order against S.L.MALOO, click here.
For full copy of order against SHIKHAR CHAND SETHIA, click here.
For full copy of order against SUNIL AGARWAL, click here.
For full copy of order against SUNRAJ SOFTWARE PVT.LTD., click here.
For full copy of order against TEKNIK DIGITAL SYSTEMS PVT.LTD., click here.
For full copy of order against WEBSITY INFOSYS LTD., click here.
For full copy of order against YARE ENGINEERING PVT.LTD., click here.
For full copy of order against YASHODANANDAN INVESTMENTS PVT.LTD., click here.
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