Subject: VANISHING COMPANIES
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Date: Tue, 19 Oct 2004 10:50:19 +0530

VANISHING COMPANIES

PUNISHING THE GUILTY

The Capital Market had witnessed a boom during early 1990s, when many new companies tapped capital market and collected funds from the public through issue of shares/debentures.  Some of their  companies took advantage of the market conditions but later defaulted in their commitments made to the public while mobilizing funds.  Some of these companies are not even traceable; the public has thus been cheated of   their hard earned money.

2.         A High Powered Central Coordination and Monitoring Committee (CMC) co-chaired by Secretary, Department of Company Affairs (DCA) and Chairman, SEBI was set up to monitor the action taken against the vanishing companies, and unscrupulous promoters who misused the funds raised from the public. It was decided by this Committee that Seven Task Forces be set up at Mumbai, Delhi, Chennai, Kolkata, Ahmedabad, Bangalore, Hyderabad with RDs/ROCs of respective regions as convenor, and Regional Offices of SEBI and Stock Exchanges as Members. Subsequently, the number of Task Forces was reorganised from 7 to 4 corresponding to the Regions falling under the jurisdiction of the four Regional Directors of DCA.  The main task of these Task Forces was to identify the companies, which have disappeared, or which have misutilised their funds mobilized from the investors, and suggest appropriate action in terms of Companies Act or SEBI Act.

3.         As a result of concerted efforts made by these Task Forces, prosecutions have been launched against the promoters of the vanishing companies under Section 63/68/628 of the Companies Act, 1956.

(i)                  “63.  Criminal liability of mis-statement in prospectus.

(ii)                 68.    Penalty for fraudulently inducing persons to invest money and

(iii)               628. Penalty for false statements.

An effort has been made to bring to the notice of the public, at large, the list of vanishing companies, names and addresses of their directors against whom prosecution proceedings have been launched under Section 62/68/628 of the Companies Act, 1956, along with the names of   Lead Manager, Merchant Bankers, Underwriters to the issue etc. who helped these companies in raising the funds.  The list of such companies and its directors is given below:

Sno.

Name of the ROC

Prosecution Filed

1.

REGISTRAR OF COMPANIES,BIHAR & JHARKHAND

4

2.

REGISTRAR OF COMPANIES, ANDHRA PRADESH, HYDERABAD

1

3.

REGISTRAR OF COMPANIES, ORRISA

1

4.

REGISTRAR OF COMPANIES, WEST BENGAL,KOLKATA

2

5.

REGISTRAR OF COMPANIES,KARNATAKA, BANGALORE

2

6.

REGISTRAR OF COMPANIES,TAMILNADU,COIMBATORE

6

7.

REGISTRAR OF COMPANIES, CHENNAI

5

8.

REGISTRAR OF COMPANIES, MUMBAI

8

9.

NCT OF DELHI AND HARYANA

6

10.

REGISTRAR OF COMPANIES, JALANDHAR

5

11.

REGISTRAR OF COMPANIES,U.P.,UTTARANCHAL, KANPUR

5

12.

REGISTRAR OF COMPANIES, GUJRAT(AHMEDABAD)

30

Total

75

1. REGISTRAR OF COMPANIES,BIHAR & JHARKHAND

Sl.No.

Name & Regd. Office of the company

Name & address of directors/Officers in default.

Gist of violation

Date of filing Prosecution

Remarks

(if any)

1

M/s Bodh Gaya Ceramics Ltd.

Tekuna Farm, Industrial Estate, Gaya, Dobhi Road, P.O.,-Bagdaha,

Gaya-823 004.

Dr. Meera Ananat Gharpure, M.D.,Vijay, 520C Adenwala Road, Matunga Mumbai-400 019

Sh. Achyut Anant Ganpule, Parshuram Pottery Works Co. Ltd. Morvi-363 642.

Sh. Ashok Anant ganpule, Parshuram Pottery Works Co. Ltd. Morvi-363 642

Sh. Harshad Nandlal Bhutta,

Samundrei, 17, Ashoknagar society, Juhu,

Mumbai-45.

Dr. Gyan Dhar Singh,

B/173, Gandhi Vihar, Polic colony, anishabad, Patna-800 002.

Sh. Harinandan Prasad Sinha, B.N.Lane, Mithapur, patna-800 001.Sh. Chndeshwar Singj, 80,Anandpuri,Patna 800 001.Shri Aditya Swaroop, D.M.’s Residence,Gaya.

Shri Prithwi Raj Roy, b/3/28, Officer’s Flats, Bailey Road, Patna 800 001.

Sh. Umesh Kumar Sinha

P.S.P.C.D.C., 5TH floor, Block-A, Mouryalok complex, Patna-800 001.

Section 63,68 & 628

24.06.2002

--

2

M/s Cilson Organics Ltd., 5, Boring Road, Patliputra, Patna-800 013.

Sh. Chandra Mohan Jha,

Managing Director,

1A, Patliputra Colony,

Patna-800013

Lal Bahadur Singh,

111-112, Rajnigandha App.,

Patna-800 013

Lalan Kumar Jha,

Director,

111-112, Rajnigandha App.,

Patna-800 013

Sh. Rajni Kant Mishra,

Director,

111-112, Rajnigandha App.,

Patna – 800 013.

Section 63,68 & 628

24.06.2002

--

3

M/s Ambuja Zinc Ltd.

Ambuja house, 297, Patliputra Colony, Patna-13.

Sh. Durga Prasad gupta, Chairman

Manish Villa, Patliputra Colony, Patna-800 013.

Sh. Gopi Krishan gupta, M.D.,

Manish Villa, Patliputra colony,Patna-800 013.

Sh. Shyam Sundar Gupta, G37, East of Kailash, New Delhi-65.

Sh. Pradeep Kumar gupta,

21, Mangaldeep apartment, P.P. colony, Patna-800 013.

Ms. Sushila Gupta

Manish Villa, P atliputra Colony, Patna-800 013

Section 63,68 & 628

17.07.2002

--

4

Shree Vaishnavi Dying & Printing Limited.,

2nd Floor, Krishna Building,

S.P. Verma Road,

Patna-800 013

Sh. Zulfikar Ali Kagri,

205, Vishram Nagar, Ved Road,

Surat.

Sh. Yakub K. Mulla,

Begampura, Falso Wadi,

Surat.

Sh. Saiyed Nizzamudin,

Navsari Bazar, Putli,

Surat

Section 63,68 & 628

22.07.2002

--

2. REGISTRAR OF COMPANIES, ANDHRA PRADESH, HYDERABAD

Sl.No

Name & Regd. Office of the company.

Name & address of   Directors/Officers in default.

Gist of violation

Date of filing Prosecution

Remarks (if any)

1.

Deccan Petroleum Limited,

3-6-100, B/1, West Marredpally, Secunderabad – 26

1.     Shri G. Sampath, Managing Director, S/o. K. Gopalan, 3-6-100,  B/1, West Marredpally, Secunderabad – 26

2.     Smt. Subhadra Sampath,  W/o. G. Sampath, 3-6-100, B/1, West Marredpally, Secunderabad – 26

3.     Smt. Sai Priya Varadarajan, W/o. P. Varadarajan, 31, Venkateswara Agraharam, Mylapore, Chennai – 4.

4.     Sri K.S. Shetty, S/o. K. Manjayya Setty, H.No.420, 8th Cross Road, II Block, Ravindranath Tagore Nagar, Bangalore.

5.     Sri R. Srinivasan, S/o. S. Rajagopalan, H.No.48, Lasya Apartments,  189A, St. Mary’s Road, Chennai – 1.

6.     Sri M. Khandelwal, S/o. Ramswaroot Khandelwal, A-2, Opp: Udyog Bhawan, Tilak Mark, Jaipur – 5.

7.     Sri K. Krishnamurthy, S/o. M.K. Sastri, Plot No.539, 11th Main Road, Chembur, Mumbai – 71.

8.     Sri R.M. Kranthi (Nominee of IFCI) S/o. R.M. Ratnam, 1-1-230/15, Chikkadpally, Hyderabad – 20.

9.     Sri R. Kannan, Nominee of RCTC, S/o. Neelkantha Iyer, C/o. Deccan Petroleum Limited, 3-6-100, B/1, West Marredpally, Secunderabad – 26.

Violation of provisions of Sections 62, 63, 68 and 628 of the Companies Act, 1956.

10.7.2002

The case has not come up for hearing.

3. REGISTRAR OF COMPANIES, ORRISA

SL.NO

Name & Registered Office of the Company.

Name & Address of Directors/ Officers in default.

Gist of Violation.

Date of filing Prosecution.

Remarks (if any)

1.

UNIVERSAL VITA ALIMENTARE LTD.

17/8,BALGOPALPUR INDUSTRIAL ESTATE, BALASORE- 756020

1.Shri A.Krishna Murty,341,BJB Nagar,Bhubaneswar.

2. Shri Hari Prakash Vyas, 72A, Turt Road, Calcutta-25.

3. Shri Nidamardy Kondala Rao, Sneha Nagar, Hyderabad-7.

4. Shri Vithal B. Mitbander, 2/2A, Munirka, New Delhi-7,

5. Shri J.K.Mohanty, AT/Po-Pipili, Dt.Puri

6. Shri P.:P.Bhatt, 39A, Cuffe Parade, Maker Tower F Bombay-5.

7. Shri K.K.Rao, 17/B, Balgopalpur Industrial Estate, Balasore.

8. Mrs. Shieh Shirlie, 3/8, Paper Mill Road, Perambur, Madras.

U/S. 63,68 and 628 of the Companies Act, 1956 for mis-statement in the Prospectus, fraudulently inducing persons for investment and False Statement in the Prospectus respectively.

24.05.2002.

The Next date for appearance of the accused persons is fixed on 31.08.2002.in the Court of Ld.ACJM(Spl)Cuttack.

4. REGISTRAR OF COMPANIES, WEST BENGAL,KOLKATA

Sl.

No.

Name   &   Regd.  Office of  the  Company

Name  &  address  of   Directors /  Officers  in  default

Gist   of   violation

Date  of    filing  Prosecution

Remarks (if any)

1.

M/s  Kiev  Finance  Limited

Registered office at  8 , Lyous Range ,

Kolkata – 700 001.

1.    Mr. S. K. Kothari ,

23/ 24 ,  Radha  Bazar  Street ,

Kolkata – 700 001.

2.     Mr. B.R. Jain ,

142 , Antriksha ,

Khedgali  Prabadevi ,

Mumbai – 400 025 .

3.     Mr. Nirmala   Kothari ,

23/ 24 ,  Radha  Bazar  Street ,

Kolkata – 700 001.

4.      Mr. Somesh  Sharma ,

Hanuman  Building  ,3 rd  Floor , 67 ,  Tanpakants,

Mumbai – 400 002.

5.    Mr.  Rajendra  jain ,     Saroogh  Building  ,

3 rd  Floor , 251 / 1 , DR. D. N. Road ,

Mumbai – 400 001.

6.       Mr. S. N. Saha ,

58 , Southern  Avenue ,

Kolkata – 700 029 .

As  compared  to  projected  amount ,

utilisation  of  funds  was  much  lower

and  there  were increased  in  investment ,

leased  assets  current  assets  etc.

18-06-2002  (  for  violation

of    section  63 , 68  and 628)

2.

M/S   Oriental  Remedies  & Herbals Limited

Registered office at

46 – B , Rafi

Ahmed Kidwai  Road , 2ndfloor ,

Kolkata – 700 016 .

1.   Dr. Piyush  Aggarwal ,

S/O   Mr. K.K. Aggarwal ,

102 , Wellesly  Mansion,

44 B , Rafi  Ahmed  Kidwai  Road ,

Kolkata -  700 016.

2.     Dr. ( Mrs. )  Neelom

Aggarwal ,

W/ O  Piyush Aggarwal,

102 , Wellesly  Mansion,

44 B , Rafi  Ahmed  Kidwai  Road ,

Kolkata -  700 016.

3.  Mrs.  S . Talwar ,

W/O  Dr. T. Talwar ,

162 , New  Colony ,

Gurgoan  (Haryana ) .

4.    Mr. Nagarmal  Aggarwal ,

S/O  Mr. Jugal  Kishor  Aggarwal  ,

386 , Belilios  Road ,

Howrah – 711  101

The  company  did  not  utilise  the  funds

for  the  purpose  it  was  raised .

18-06-2002       (  for  violation

of    section  63  and   68 )

5. REGISTRAR OF COMPANIES,KARNATAKA, BANGALORE

Sl.No

Name & Regd. Office of the Company

Name & Address of Directors / officers in default

Gist of violation

Date of filing

Remark (if any)

1.

2.

3.

4.

5.

6.

1.

Flora Wall Covering Ltd,

345/1, Telugarahalli

Anekal  562 106,

Bangalore Dist.

1.  Shri. M.S.A. Aleem

36, D’costa Square

II Cross, Cooke Town,

Bangalore 560 084.

2.       Smt. Anuradha,

23 “Madhuri”

J.P. Nagar I phase,

ITI Layout,

Bangalore 560 078

3.       Shri. P. N. Vedanarayan,

No. 2, Ist Avenue,

Indiranagar,

Chennai 600 020.

4.       Shri. N.R. Subramania Raja,

77, Srivilliputhur Road,

Rajapalyam 626 117,

Tamilnadu

5.       Shri. Jaisukh S. Khatadia.

“Smruti”, Plot No. 20,

R.A. Kidwai Road,

Mumbai 400 031.

6.       Shri. Filipo Uecher,

Emmepi S.R.L.

Via per Muzzano,

13055, Occhieppo

Inferiore Vc, Italy.

7.       Shri. M.S. Arun Kumar

No. 16, 4th Floor

Narang Chambers

Town Hall Square, N.R. Road,

Bangalore 560 002

8.       Shri. S. Devi Prasad

4112, 14th Main (I Main)

'B' Block, Rajajinagar

Bangalore 560 010

1.Sec.. Sec. 63

Untrue statement in the prospectus dated 31.1.1994 for issue of 50,00,000 equity shares of Rs. 10/- each, for cash at par, aggregating to Rs. 500 lakhs.

2. Sec. 68

Making statements, promises and forecasts in the above prospectus, which are false, deceptive, or misleading, with a view to induce persons to subscribe for shares in the company.

3. Sec.628

Making false statements in the above prospectus, knowing such statement to be false.

13.8.2002

Complaint U/s 62 could not be filed as the ROC is not a party and does not have locus standi

2.

Ready Foods Ltd

1332, Double Road,

Indiranagar II Stage

Bangalore 560 038

1.        Shri. T.V. Raja Reddy

2/268 Colony,

Madanpalle – 517 325

2.       Shri. D. V. Kapur

405,“Aradhana

Apartments “

Sector B, R.K. Puram,

New Delhi 110 006.

3.       Shri. H.A.B. Parpia

Suryakanti, 333, Hinkal,

Mysore 570 017

4.       Shri. J. Mathan,

7, Papanna Street,

St. Marks Road,

Bangalore 560 001.

5.       Shri. R.Anand,

10/326, Kamma Street,

Madanapalle 517 325

6.       Dr N.S. Randhava,

EA – 220, Maya Enclave

New Delhi 110 064.

1.Sec.. Sec. 63

Untrue statement in the prospectus dated 22.12.1992 for issue of 1,96,00,000 equity shares of Rs. 10/- each, for cash at par, aggregating to Rs. 19.60 Crores

2. Sec. 68

Making statements, promises and forecasts in the above prospectus, which are false, deceptive, or misleading, with a view to induce persons to subscribe for shares in the company.

3. Sec.628

Making false statements in the above prospectus, knowing such statement to be false

30.8.2002

Complaint U/s 62 could not be filed as the ROC is not a party and does not have locus standi

6. REGISTRAR OF COMPANIES,TAMILNADU,COIMBATORE

Sl.No

Name & Regd. Office of the Company

Name & Address of Directors / officers in default

Gist of violation

Date of filing

Remark (if any)

1

Denmur Fax Roll Limited

Coimbatore-Pollachi Road, Nallathipalayam, Tamaraikulam – 642 109

1.     Mr. P.N. Devarajan, Aged about 67 years

S/o P.S. Narayanaswamy,

45, Usha Kiran 22nd Floor,

Carmichael Road,

Mumbai- 400 026.

2.     Mr. Chandrasekar Venkataraman, Aged about 46 years

S/o Mr Venkataraman,

Fremont C.D. 94539

3.     Mr. Suresh Nagaraj, Aged about 40 years

S/o Mr. P. Nagaraj,

4401, Park Glin Road,

Appt No. 116, St Louis Port,

Minneapolis, M.N. 55416

United States of America

4.     Mr. Upendra A. Shah, Aged about 61 years,

S/o  Ambala P Shah,

194-H, Dalamal Park

223, Cuffe Parade,

Mumbai – 400 005

5.     Clifton Desilva aged about 49 years

S/o Mr. Cyprus

201, Tanwar Apartments Shradh Anand Road,

Vile Parle East,

Mumbai – 400 057.

6.     Mr. Pankaj Madhukar Tambane, Aged about 50 years

S/o Sri Tamhane

A/41 “Varsha”

Gulmohar Cross Road No.4

J.V.P.D. Scheme

Vile Parle West

Mumbai 400 049

7.     Mr. Jethanand Hemant Kumar, Aged about 53 years,

S/o Mr. Jethanand,

152, Poonamallee

High Road,

Kilpauk, Chennai

– 600 010.

8.     Mr Ram Gopal Kabra, Aged about 48 years,

S/o Ram Rai Kabra

P.O. Box No.6891.

Dubai.

9.     Mr. P.R. Murthy, Aged about 65 years,

S/o Mr. EBP Haran

“Oriental” 25 DB Road,

RS Puram, Coimbatore 641002.

10.  Mr. J. Jayaraman, Aged about 69 years,

S/o Mr. H Jagadisa Iyer,

Ashwin Apartments,

39/4, C.P. Ramaswamy Road,

Alwarpet, Chennai – 600 018.

11.Mr. K. Ramanujam,

Aged about

48 years,

S/o T.R.

Krishnaswamy,

42, Bharathi         Colony,

Peelamedu,   Coimbatore 641004

This office has filed three complaints – one each under section 63, 68 & 628 of the Companies Act, 1956 – for the mis statements, untrue statements & false statements respectively made in the prospectus dated 28.09.1993 issued by the company inviting shares from the public

31.05.2002

The complaints filled before the Judicial Magistrate court No. 1 , Pollachi have been numbered as CC 447, 448 and 449 of 2002. All the accused except those who are  staying abroad have appeared.

For those Three Directors who are residing in foreign countries the summons was sent through  the DCA to the Ministry of External Affairs for service of summons through the respective Embassies to the accused. However the Ministry of External Affairs has now replied that this issue has to be first addressed to the Ministry of Home Affairs. This issue is now being taken up with the Ministry of Home Affairs and it will be ensured that the summons is served on the accused in their respective countries

2

Navakkarai Spinners Limited,Door No.1059/19, II Floor,Gowtham Centre Annexe, Avanashi Road, Coimbatore-18

1.     Shri N.Anand, aged about      years,

S/o P.Nanjappan,

6/66-A, ‘SHINE’, Perumalsamy Nagar,

B.K.Pudur,Kuniamuthur, Coimbatore-641 008.

2.     Shri M.Duraisamy, aged about    years,

S/o R.Marimuthu,

Soorachirapalayam, Pudussery P.O, Palakkad.

3.     Shri R.Mohankumar,(aged about   years) S/o V.Ramanujam,

S.F.No.11,Kolarpatti Village,Gedimedu,

Gomangalampudur Post, Pollachi Taluk.

4.     Shri Richard Dorairaj,(aged about   years)  S/o A.George,

P.B.No.5208, Sowripalayam,Coimbatore-641 028.

5.     Shri P.Subramaniam,(aged about   years) S/o Palaniappan,

277, Gandhipuram, II Street, Coimbatore-641 012.

This office has filed three complaints – one each under section 63, 68 & 628 of the Companies Act, 1956 – for the mis

statements, untrue statements & false statements respectively made in the prospectus dated 07.10.1996 issued by the company inviting shares from the public

31.05.2002

The complaints filed before the Judicial Magistrate court No.III, Coimbatore  are yet to be numbered

3

Shyam Prints & Publishers Limited

Door No 57/1 Mahatma Gandhi Nagar, SIHS Colony, Aerodrome Po

Coimbatore

641 014.

Shri R Sriram, aged about  37    years,

S/o K.S. Ranganathan,

35-A, ‘Kongu Nagar,

Ramanathapuram,

Coimbatore-641 045.

Smt. Manga Sriram, aged about  36  years,

W/o R. Sriram,

35-A, ‘Kongu Nagar,

Ramanathapuram,

Coimbatore-641 045.

Shri V. Shivasankaran, aged about 55  years

S/o Sri Viswanathan,

108A, Ponnurangam Road (West),

Coimbatore 641 002.

This office has filed three complaints – one each under section 63, 68 & 628 of the Companies Act, 1956 – for the misstatements, untrue statements & false statements respectively made in the prospectus dated 13.11.1995 issued by the company inviting shares from the public

31.05.2002

The complaints filed before the Judicial Magistrate court No.III, Coimbatore  are yet to be numbered

4.

Global Blooms (India) Limited

Door No.11, HUDCO, Ganapathy, Coimbatore

641 006

1.     V.RAVINDRAN, Aged  40 Years

S/o R.V.Venkitapathy

H 11, HUDCO, GANAPATHY

COIMBATORE 641 006

2.     P.KANDASAMY, Aged  50 Years

S/o Palaniappa Gounder

36-B, BALAJI NAGAR, RAMANATHAPURAM

COIMBATORE 641 045

3.     RANJINI, Aged  39 Years

W/o V.Ravindran

H 11, HUDCO, GANAPTHY

COIMBATORE 641 006

4.     K.R.MANOHAR, Aged  46 Years

S/o Rajamanickam

24 SIVASAKTHI COLONY, PEELAMEDU

COIMBATORE 641 004

5.     S.V.RAGHAVAN, Aged  61Years

S/o Subramanian

F-4-B BHAGAT SINGH MARKET

NEW DELHI 110 001

6.     S.NAGAPPAN, Aged  39 Years

S/o A.T. Srinivasan

239-B, B.K.CHETTY STREET, FORT

COIMBATORE 641 001

7.     R.RAJENDRAN, Aged  50 Years

S/o K.R.Ranganathan Naidu

Executive Director of

MADANAPPALLE SPINNING MILLS LTD

MADANAPPALLE, 517 326 A.P

8.     S.MURUGAPPAN, Aged  48 Years

S/o A.T.Srinivasan

239-B, B.K CHETTY STREET, FORT

COIMBATORE 641 001

9.     SUMATI, Aged  38 Years

W/o Ram Mohan

7 RACE COURSE, COIMBATORE 641 018

This office has filed three complaints – one each under section 63, 68 & 628 of the Companies Act, 1956 – for the misstatements, untrue statements & false statements respectively made in the prospectus dated 30.01.1996 issued by the company inviting shares from the public

31.05.2002

The Complaints filled before the Judicial Magistrate Court No. II, Coimbatore have been numbered as CC 839 of 2002 and STC 1159 and 1160 of 2002.

5.

AVR Securities Limited, Door No. 219, Ist Floor, Palani road, Udamelpet 642 126

1          A.K.AHILAN

Aged about 42 Years

S/oM.KANDASAMY

15 MANICKAM PILLAI STREET

UDUMLET 642 126

2  VIJAYALAKSHMI

Aged about 40 Years

W/o A.K.AHILAN

15 MANICKAM PILLAI STREET

UDUMALPET 642 126

3. M.KANDASAMY

Aged about  78 Years

S/o MURUGAVEL PILLAI

15 MANICKAM PILLAI STREET

UDUMALPET 642 126

4.  R.ANBAZHAGAN

Aged about 42 Years

S/o A.RAMAN

20 SAI RAM LAYOUT

D.V PATTANAM

UDUMALPET 642 126

5   J. RAVICHANDRAN

Aged about 38 Years

S/o JAYARAMAN

1055/13 GOWTHAM CENTRE

AVANASHI ROAD

COIMBATORE 641 018

6.   J.VASANTHA

Aged about 66 Years

W/o JAYARAMAN

1 O.M.C LANE

UDUMALPET 642 126

7.     D. MANAMOHAN

Aged about 63 Years

S/o DAYANANDAM PILLAI

104 RAMACHANDRA ROAD

R.S PURAM, COIMBATORE

641002

This office has filed three complaints – one each under section 63, 68 & 628 of the Companies Act, 1956 – for the misstatements, untrue statements & false statements respectively made in the prospectus dated 27.10.1995 issued by the company inviting shares from the public

31.05.2002

The complaints filed before the Judicial Magistrate court No.I, Udumalpet have been taken on file as CC Nos 197, 198 & 199 of 2002.The cases are posted to 26.07.2002..

6.

Pappilon Exports  Limited

Door No. 33. Sathappa Compound

Harvey Road, Tirupur 641602

1.     K.B.SASIDHARAN

Aged about 48 Years

S/o K.BHASKARAN NAIR

KAIPALLY HOUSE,

MULLUKARA

TRICHUR DIST 680 583

KERALA

2.     SITARAM GUPTA

Aged about 73 Years

S/o Nanhelal Gupta

D 901 NEW FRIENDS COLONY

NEW DELHI

3.     MOHAN GUPTA

Aged about 43 Years

S/o Sitaram Gupta

D 901 NEW FRIENDS COLONY

NEW DELHI

4.     ASHOK KUMAR GUPTA

Aged about 54 Years

S/o K.L.Gupta

B-27-80 A-1-A RAVINDRAPURI

VARANASI, UTTAR PRADESH

5.     VIRENDRA BAPNAAged about 52 Years

S/o Bhogmal Bapna

SARAFA BAZAR, LASHKAR

GWALIOR, MADHYA

PRADESH

6.     MUKESH CHAND GUPTA

Aged about 48 Years

S/o Ramji Gupta

4341 VIJAYANAGAR COLONY

AGRA, UTTAR PRADESH

This office has filed three complaints – one each under section 63, 68 & 628 of the Companies Act, 1956 – for the misstatements, untrue statements & false statements respectively made in the prospectus dated 06.04.1995 issued by the company inviting shares from the public

31.05.2002

The complaints filed before the Judicial Magistrate court No.I, Tirupur have been taken on file as CC Nos 400, 401 & 402 of 2002.The cases are posted to 29.07.2002.

7. REGISTRAR OF COMPANIES,CHENNAI

Sl.No.

Name of the Company and Registered Office

Name & Address of Directors/ Officers in Default

Gist of Violation

Date of filing Prosecution

Remarks (if any)

1

M/s.Nagarjuna Jiya Industries Limited

Karthikeyan Salai, Periyar Salai, Chennai 600 082

1. Sri R.K.Agarwal

S/o.Dr.Jiallal Agarwal

292, Fountain Plaza, Pantheon Road, Egmore,

Chennai 600 008.

2. Sri R.K. Agarwal,

S/o. Dr Jialal Agarwal,

B-32, Karthikeyan Salai, Periyar Salai, Chennai 82

3. Sri Kassam Sait N.M

S/o.Noor Mohamed Ummer Sait,

Faiz Mansion, 12/25, Panayappily, Cochin College Road, Cochin

682 002.

4. Sri Kassam Sait N.M.

S/o. Noor Mohamed Ummer Sait,

Al-239/9, Block 11th Main Road Anna Nagar, Chennai 40

5. Sri Kassam Sait N.M.

S/o.Noor Mohamed Ummer Sait,

SFA-1-157, Auto Nagar, Vizag 530012.

6. Sri Mohammed Faiz Kassam Sait

S/o.Kassam Sait,

AL-238/9 Block

11th Main Road, Anna Nagar, Chennai 40

7. Sri Mohammed Faiz Kassam Sait,

S/o.Kassam Sait,

SFA-1-157, Auto Nagar, Vizag 530012.

8.Sri S Nagarjuna Rao,

S/o.S.L.Kantha Rao

B-32, Karthikeyan Salai,Periyar Salai, Chennai 82

The company had issued a Prospectus in respect of a Public issue of 27,00,000 equity shares of Rs.10/- each for cashd at par aggregating Rs.270 lacs and the said prospectus dated 4/4/94 had been filed in this office on 4/4/94.

In the Prospectus so issued by the company, it had made statement to the effect that it would be implementing projects for processing of shrimps and other sea-food products as per the Schedule of implementation given under the heading “Company, Management and Project”, which is reproduced below:

Commencement  Completion   Amt.

Spent

Till

Nov 93

(Rs. In lacs)

Land Acqn.    Nov 93  Feb 94   0.50

Land Dvpt.    Mar 94  Apr 94     -

Civil Const.   Apr 94  July 94   1.00

Plant & Mac.

-Placement of

orders         Nov 93  Nov 93   0.50

-Receipt of

Machineries  May 94 June 94    -

-Erection &

Commission   June 94 July 94    -

Trial Run        July 94  July 94    -

Commercial

Production     Aug 94    --           -

Arrangement

Of working

Capital           Aug 94   Aug 94  79.27

In the said prospectus issued by the company, it was also stated that “the plant is to be erected at Bhimunipatnam, Vizag District, where the Raw Materials are easily available.  The companyd has advanced money to aqua farmers for regular supply of raw materials.  Plant & Machinery order had already been placed with M/s.Flow Freeze Engineers, Cochin at a cost of Rs.100.09 lacs.  Production will be commenced from July 1994”

However, the company did not take any steps to implement the projects referred to in the Prospectus and had thus failed to fulfill the promises made by it to the public while offering the shares through the Prospectus issued by the company.  The statements made by the company in the prospectus, referred to above were, therefore, false and deceptive and they were made with the intent to defraud the public.  Hence the provisions of Section 62,63,68 and 628 of the Companies Act,1956 had been violated.

25/6/2002

The said complaints were numbered in Economic Offences Court-I vide EOCC No.578/02 (S.62)

579/02(S.68)

580/02(S.63)

and

581/02(S.628) Trial not commenced.

2.

M/s.Novel Finance India Limited,

G-2, Srivallaba Apts., 8th Street, Shanthi Nagar, Adambakkam, Chennai 88

1. Sri Saradhamani Ganesan, Secretary,

C-1, 17/18, Zackria Colony, IV Street, Choolaimedu, Chennai 94

2. Sri N Subramanian, MD,

G-2, Srivallaba Apts., 11-A, 8th Street, Shanthi Nagar, Adambakkam, Chennai 88

The company had issued a Prospectus in respect of a Public Issue of 15,00,000 equity shares of Rs.10/- each for cash at par aggregating Rs.150 lacs and the said prospectus dated 25/9/95 had been filed in this office on 25/9/95.

In the Prospectus so issued by the company, it had made statement to the effect that the fund raised by this issue would be to meet the following objects:-

i) To meet the long term working capital requirements of the company

ii) To raise resources for deploying in the business of the company viz. Leasing, Hire Purchase, Bills Discounting, Intercorporate Deposits, etc.,

iii) To improve the infrastructural facilities of the company

iv) To start investment banking

v) To get the shares of the company listed on recognized Stock Exchanges.

vi) To meet the expenses of the issue.

In the said Prospectus issued by the company, under the heading “Future Business Prospectus”, the following statements were made:-

“a) The company’s future businessn plans include Leasing, Hire Purchase, Bill Discounting and Short term Investments.  The company proposes to invest in these areas for next three years as under:-

Rs.  In lacs

Activities/Years 95-96 96-97 97-98

Leasing                 100     140  183

Hire Purchase         60      80    105

Bills Discounting  115    150    190

Short Term

Investments            35     50      70

Total                     310    420    548

b)  The company projects a substantial growth in the next three year period.  PKVL’s finance related activities shall be one of the major income earned for the company.  In addition, the company proposes to actively involve in non fund based activity as under:-

Rs.  In lacs

Activities/Years  95-96 96-97 97-98

Lease Syn.        2000    2500   3500

ICD Syn.          2000    2500   3500

Bill

Discounting

Syndication      2500   4000    5000

However, the company did not take any steps to implement the business plans referred to in the Prospectus and had thus failed to fulfill the promises made by it to the public which offering the shares through the prospectus issued by the company.  The statements made by the company in the prospectus, referred to above were, therefore, false and deceptive and they were made with the intent to defraud the public.  Hence, the provisions of Section 62,63,68 and 628 of the Companies Act,1956 had been violated.

26/6/2002

The said complaints were numbered in Economic Offence Court I vide EOCC No.589/02(S.68)

590/02(S.63)

591/02(S.62) & 592/02(S.628)

Trial not commenced.

3.

M/s.Panggo Exports Limited

21, 17th Street, Mosque Colony, Guindy, Chennai 32

1.Sri C Narayanan MD

3, Ramasamy Cross Street, Radha Nagar, Chromepet

Chennai 44

2. Sri D Govindaraj Director

6, Lakshmi Talkies Road,

Shenoy Nagar, Chennai 30

3. Sri R Pandian, Director,

54, Lakshmi Talkies Road, Shenoy Nagar, Chennai 30

The company had issued a Prospectus in respect of public issue of 20,00,000 equity shares of Rs.200 lacs and the said prospectus dated 26/7/96 had been filed in this office on 26/7/96.

In the Prospectus so issued by the company, it had made statement to the effect that the company was carrying on the manufacturing activity at the leased premises at Mosque Colony, Madras and the additional machinery to be purchased would be installed in the new leased premises at Radha Nagar, Chromepet and the production would be continued here till the completion of the company’s own building.  The Schedule of Implementation given was as follows:-

Commencement Completion

Month/year    month/yr

Land Acq

& Devp.     Dec 95        Apr 96

Civil Work   Apr 96      Oct 96

Installation

Of Plant &

Machinery at

The new leased

Premises        July 96     July 96

Commercial

Production

For the expanded

Capacity at the

Leased

Premises       Aug  96         -

Shifting of

Plant &

Machinery

To the company

Owned

Premises       Oct 96         Nov 96

The company incurred the following expenditure towards the project as on 31/3/96

Rs. In lacs

1.Plant  &

Machinery            4.44

2. Factory &

Fittings                 0.72

3. Furniture &

Fittings                 0.32

4. Electrical

Fittings                 0.60

5.Vehicles           4.26

6. Office

Equipments         0.10

7.Land               17.80

8.Preliminary &

Public Issue

Expenses            3.87

9.Working

Capital               24.62

-------

Total                  56.73

-------

Share capital       67.21

Less

Goodwill/

Technical

Know how     15.00

-------

52.21

Share

Application

Money                  4.52

-------

Total         56.73

-------

However, the company did not take any steps to implement the projects referred to in the Prosepectus and had thus failed to fulfill the promises made by its to the public while offering the shares through the prospectus issued by the company.  The Statements made by the company in the prosepectus, referred to above were, therefore, false and deceptive and they were made with the intent to defraud the public.  Hence the provisions of Section 62,63,68 and 628 of the Companies Act,1956 had been violated.

26/6/2002

The said complaints were numbered in Economic Offences Court-I vide EOCC No.596/02(S.63)

595/02(S.628)

597/02(S68),

598/02(S.62)

Trial not commenced.

4.

M/s.Crest World Marine Limited,

90, III Street, Karpagam Avenue, Chennai 28

1.Sri Mohammed Azhar MD,

90, III Street, Karpagam Avenue, Chennai 600 028

2. Sri Roy Varghese, MD

90, III Street, Karpagam Avenue

Chennai 28

3. Sri Mohammed Faiz Kassam Sait, Director,

AG-238/9, Shilok Apts., Anna Nagar, Chennai 40

4. Sri Raziaakoor Director, F.12, P.A.Apts., 81, Luz Church Road,  Chennai 600 004.

5. Sri Kochu Thresia Varghese

Director,

I-189, Reshmi Kizhajupattukara Trichur 5

The company had issued a prospectus in respect of a Public Issue of 43,80,000 equity shares of Rs.10/- each for cash at par aggregating Rs.438 lacs and the said prospectus dated 29/9/95 had been filed in this office on 29/9/95.

In the prospectus so issued by the company, it had made statement to the effect that it would be implementing projects established to procure, process and export seafood items employing individually Quick Frozen method (IQF) as per the Schedule of Implementation given below:-

Particulars commence-  comple-

Ment           tion

Conclusion

Of Arrangement

For

Leased

Processing       Jan  95

Plant &

Machinery

Operation

From leased

Out plant         Feb 95

Land Acq.        Jan 95     Sept 95

Civil Const.     Oct 95      Nov 95

Plant &

Machinery

-Placement

of order           Nov 95      Dec 96

-Receipt of

Machineries    Dec  96      Jan 96

-Erection &

Commission     Feb 96      Mar96

Trial Run         Apr 96

Commercial

Production        June 96

In the said prospectus issued by the company it was also stated that “the plant is to be located at Chemmenchery Village, Off.Old Mahabalipuram Road, approximately 28 Kms from the city and is an area where sea food processing companies have already set up their processing plants, and the company has entered into an agreement with M/s.Fisher Overseas, Madras to process the raw materials on a job-contract basis”.

However, the company did not take any steps to implement the projects referred to in the prospectus and had thus failed to fulfill the promises made by it to the public while offering the shares through the Prospectus issued by the company.  The statements made by the company in the prospectus, referred to above were, therefore, false and deceptive and they were made with the intent to defraud the public.  Hence the provisions of Section 62, 63,68 and 628 of the Companies Act,1956 had been violated.

25/6/2002

The said complaints were numbered in Economic Offences Court-I vide EOCC No.582/02(S63)

583/02(S.68),

584/02(S.628),

585/02(S.62).

Trial not commenced.

5.

M/s.MaCapital Market Services Limited

Habib Complex, VII floor, No.3, Durgabhai Road, RA Puram , Chennai 28

1.Sri George Chacko, Director

Jashi Delex Happay Villa Hill Side, Guwahati 781 003.

2. Sri K. Gopalakrishnan, Managing Director

Samarpan, 7, 5th Avenue, Adyar Chennai 600 020.

3. Mrs.Chithira Krishna, Director

Samarpan, 7, 5th Avenue, Adyar, Chennai 20

4. Sri Dileep Krishna, Director

F-4, Century Anchorage, 4th Seaward Road, Valmiki Nagar, Chennai 41

5. Sri Ramakrishna Raja, Director

Kanya, 59, Peos Garden, Chennai 600 086.

6.Sri Ramani Sundaresan Director

Sivam, 13 First Cross Street, Karpagam Gardens Adyar,

Chennai 20

The company had issued a prospectus in respect of a public issue of 14,40,000 equity shares of Rs.10/- each for cash at par aggregating Rs.144 lacs and the said prospectus dated 22/12/95 had been filed in this office on 22/12/95.

In the prospectus so issued by the company, it had made statement to the effect that it would do investment banking including bought out deals and the following future projections were given  for the next three years as estimated by the company under the heading “Profitability Projections”.

Rs. In lacs

Income     95-96  96-97  97-98

Merchant

Banking     68.50 150.00 194.00

Portfolio

Mgt.            9.27   11.59    13.91

Marketing  27.50  38.25    47.63

Lease

Rental        12.48   46.08   93.12

Other

Income         1.26    1.50     2.00

OTCEI         6.00    7.50   10.00

-----------------------

125.01 254.92 360.66

However, the company did not take any steps to implement the projects referred to in the prospectus and had thus failed to fulfill the promises made by it to the public while offering the shares through the prospectus issued by the company.  The statements made by the company in the Prospectus, referred to above were, therefore, false and deceptive and they were made with the intent to defraud the public.  Hence the provisions of Section 62, 63, 68 and 628 of the Companies Act,1956 had been violated.

25/6/2002

The said complaints were numbered in Economic Offences Court I vide EOCC No. 603/02(S.63), 604/02(S.68), 605/02(S.628), 606/02(S.62) Trial not commenced.

8. REGISTRAR OF COMPANIES,MUMBAI

Sl.NO

NAME & REGD. OFFICE OF THE COMPANY

NAME & ADDRESS  OF THE DIRECTORS  / OFFICERS IN DEFAULT

GIST OF VIOLATION

Date of  Filing Prosecution

REMARKS

1.

REALTIME FINLEASE LIMITED.

CO.NO.62703

ADD: 2/18, SITASADAN, S.B.MARG, ELPHINSTONE, MUMBAI-400013.

1.      SHRI. DHANPATRAJ P MEHTA,     A-  901, RAJUL APARTMENTS, 9 J. MEHTA ROAD, MUMBAI-400009.

2.      SHRI. MADAN I JAIN,               B/806, SUMER TOWERS, LOVE LANE, BYCULLA,  MUMBAI-400027.

3.      SHRI. HARI PRASAD NAIR,      2460, EGLINTON AVC(E), LPH 12, SCARBOROUGH CNTARIO, CANADA MIK5J7.

4.      SHRI. V. S. SUNDARARAMAN, BLOCK NO. 1, PLOT NO.168, SHAKTI, SION (EAST) ,  MUMBAI -22.

5.      .SHRI.KUSHALRAJ P MEHTA, A/901,RAJUL APARTMENTS,9 J.MEHTA ROAD, MUMBAI -400 006.

6.      SHRI. DILIP P MEHTA,      A/901,RAJUL APARTMENTS, 9 ,J.MEHTA ROAD, MUMBAI 400 006.

7.      SHRI.  MANISH G MEHTA,     30H, SHRIPAL NAGAR, NAPEAN SEA ROAD, MUMBAI-6.

63

68

6-9-2001

8-5-2002

2

SPARKLE FOODS LIMITED CO.NO.40529

ADD:- R-385, T.T.C. INDUSTRIAL AREA,THANE BELAPUR RIAD.

1.      SHRI. NANALAL L. JAVERI,            9-D, SHAHNAZ, 90, NEPEAN SEA ROAD, MUMBAI 400 006.

2.      SHRI. BHAVESH N JAVERI,                   9-D, SHAHNAZ,90,NEPEAN SEA ROAD, MUMBAI-400 006.

3.      NISHA B JAVERI,                               9-B, SHAHNAZ, 90 NEPEAN SEA ROAD,  MUMBAI -400 006.

4.      SURESH P PRABHU,                     B/21, SADHANA BLDG, 16TH ROAD, KHAR, MUMBAI.

5.      PARESH J. MEHTA,                           B-20, TIRTH APTT, LALLUBHAI PARK, ANDHERI (WEST), MUMBAI-400 058.

68

14-6-2002

3

RUSODY & CO LIMITED

CO.NO.35515

ADD: 405,EMBASSY CENTRE, NARIMAN POINT, MUMBAI-21.

1.      MANSUKHLAL H DOSHI, RATNA DEEP,DR.DAFTARY'S COMPOUND,GHATKOPAR (WEST) , MUMBAI-400 086.

2.      BAGINDAS N JUTHANI,              D/19, B. I. T. BLDG, OPP. DON BOSCO SCHOOL, KINGS CIRCLE, MUMBAI-400 019.

3.      KIRTI V PAREKH,                              D. L. JAIN COMPOUND, "O" BLDG, BLOCK NO.13, CHINCHPOKLI, MUMBAI 400 080.

4.      HASMUKHLAL N GANDHI,               3 B, GURUKRIPA, BALIKA VIDYLAYA ROAD, KANDIVALI  (WEST) , MUMBAI-67.

5.      PRADEEP V RAGHANI,                 A/3, 401, VEENA NAGAR, OPP. GABRIEL, LBS MARG, MULUND (WEST), MUMBAI-80.

6.      MAHENDRA S SHAH,                       D, ARVIND NIWAS, KASTURBA X ROAD NO.5, BORIVALI EAST, MUMBAI 400 066.

7.      PRAKASH J DESAI,                  104/108, MADHAV WADI, NAIGAON X ROAD, ROOM NO.. 13,DADAR, MUMBAI.

68

14-6-2002

4

HITESH TEXTILE MILLS LIMITED

CO.NO.  76502

ADD:- 26,RAJNIKANT MANSION, II FLOOR, 51/55, LORD HANUMAN LANE, MUMBAI-2

1.      SHRI. HITESH B. RAVAL,                  8, KIRAN BUILDING, MANDPESHWAR ROAD, BORIVLI (WEST), MUMBAI.

2.      SHRI.SATISH  SINGHAL,                 26, SECTOR-15A, NODIA, DELHI.

3.      SHRI. HEMANDRASINGH BANERA, AKSHARA BHAVAN, P.O.BANERA, RAJASTHAN-311401.

4.      SHRI. ASHOK H. SAGAR,                31, VIMALA APARTMENT, UMED ASHRAM ROAD, BORIVLI WEST, MUMBAI.

5.      SHRI. K. L. KAPOOR,                       33, LOVEDALE, MINOO DESAI MARG, COLABA,    MUMBAI.

6.      MS. PRITI H. RAWAL,                        8, KIRAN BUILDING, OPP. USHA HOSPITAL, MAND PESHWAR ROAD,  BORIVALI WEST, MUMBAI.

68

14-6-2002

5

PASHUPATI CABLES LIMITED.

CO.NO.76819

ADD: G-14, SUKHSAGAR, N. S. PATKAR MARG, MUMBAI-400007.

1.          SHRI. VINAY KUMAR SINGHAL, 207, PARAS PALACE, SILVASSA-396 230.

2.          SHRI. VINAY JAIN,                       138, URBAN ESTATE HISSAR,  HARYANA.

3.          SUSHILKUMAR AGARWAL,        M-59, GREATER KAILASH II,MARKET, NEW DELHI.

4.          SHRI. K C GUPTA,                   802/12, KLARD NO.6,MAIN MARKET MEHROLI, NEW DELHI-110 030.

68

14-6-2002

6

ICHALKARANJI SOYA LIMITED

A-17, VARUN 1, RAHEJA TOWNSHIP, MALAD (EAST),

MUMBAI-400097.

1.SHRI.SHYAMGONDA BABGONDA PATILNEHRU ROAD, JAISINGPUR-416115.

2.SH.SUDHIR B. GOLANGADE, 20, ASHIRWAD, SAHAKAR NAGAR, ICHALKARANJI – 416115.

3.ANNA PARISAD CHOUGULE A-P, UDGAON, TALUKA- SHIROLE, DIST.KOLHAPUR.

4.KALLAPA NANA UDGAVE, A-P, SHRDI, TAL. SHIROL, DIST. KOLHAPUR.

5.VITHAL MAHADEV RAUT, B-3/4, SARVATRA SOCIETY, PAUD ROAD, PUNE-411029,

6.SH BHARAT DINKAR MEHTA, 494/ PARVATI 6, VANDANA APARTMENT,PUNE-411029.

7.S.S. JAIN, 15, ABHILASHA APARTMENT, NEW PALASIA, INDORE-452003.

8.SRINIWAS ASAWA, 15-9-52, MAHAJGANJ, HYDERABAD-500012.

SECTION 68

26/11/2002

7.

VIPUL  SECURITIES LIMITED.

4-C, AVSAR, 5TH FLOOR, 77-81, KAZI SYED STREET, MANDOI, MUMBAI-400003.

1. TARA V. MANTRI

B/18, MANAV MANDIR,17TH SIDDHARTH NAGAR,GOREGAON (WEST),MUMBAI-400 062.

2. RAJESH K. SHAH

A-43, PANNALAL TERRACE, 3RD FLOOR, LAMINGTON ROAD, MUMBAI.

3. G.R. GANGADHARAN

A/4, SOUTH INDIA BUILDING, MATUNGA,

MUMBAI-400019.

4. PRABHAT MAHESHWARI

1ST FLOOR, NEAR UNION BANK OF INDIA, ULHASNAGAR-421002.

SECTION 68

29/11/2002

8.

AVI INDUSTRIES LIMITED.

302A, PEARL APARTMENT,LOKHANDWALA COMPLEX, ANDHERI (WEST),MUMBAI-58

1.ROHIT KUMAR

302-A, PEARL APARTMENT, LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI-58.

2.AVINAH ARORA,

302-A, PEARL APARTMENT,    LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI-58.

3.RAKESH ARORA,

302-A, PEARL APARTMENT, LOKHANDWALA COMPLEX, ANDHERI (WEST),  MUMBAI-58.

4.INDERLAL

302-A, PEARL APARTMENT, LOKHANDWALACOMPLEX, ANDHERI (WEST), MUMBAI-58.

5.AJIT MOHAN SHARMA,

H-NO.3361, SECTOR 23 D, CHANDIGARH – 160029.

6. S.SRINIVAS RAO

8TH FLOOR, PARISRAMA BHAVANANI BASHEER BAGH,HYDERABAD-500029.

SECTION 68

7/1/2003

9. NCT OF DELHI & HARYANA,

NEW DELHI

Sl.No.

Name & Regd. Office of the Company

Name & address of Directors/Officers in default

Gist of violation

Date of filing prosecution

Remarks(if any)

1.

Star Electronics Limited

503, Paragati Towers, 26, Rajendra Place, New Delhi-110008

Mr. Rajesh Arora (Chairman & WTD), 1-B, Lake View Apartments, 45/18, East Patel Nagar, New Delhi-110008

Mr. S.N. Jain(MD),

503, Sarvapriya Apartments, Sarvapriya Vihar, New Delhi-110016

Mr. M.S. Prasad (WTD), F-1595, Netaji Nagar, New Delhi-110023

Mr. Sampat Rai (WTD), 116, Mandakin Enclave, New Delhi-110019

Mr. Basant Kumar

Company Secretary, 67-C, Pocket-III, Mayur Vihar-I, Delhi-110091

Section 62/63, 68 & 628.

07.05.02

2.

Star Exim Limited

503, Pragati Towers,

26-Rajendra Place, New Delhi-110008

Mr. Rajesh Arora (Chairman),

1-B, Lake View Apartments, 45/18, East Patel Nagar, New Delhi-110008

Dr. J.S. Mand (MD), E-213A, MB Road, Lado Sarai, New Delhi-110030

Mrs. Vijay Mala Arora, 1-B, Lake View Apartments, 45/18, East Patel Nagar, New Delhi-110008

Mr. Pradeep Grover

12/81, Punjabi Bagh, New Delhi-110026

Mrs. Saroj Jaiswal

P-30/A-5, Dilshad Garden, Delhi-110095.

Mr. Ramesh Chandra Jaiswal(WTD)

P-30/A-5, Dilshad Garden, Delhi-110095

Miss. R. Dua

Company Secretary

G-102, Sarita Vihar

New Delhi

-do-

-do-

3.

Zed Investments Limited

B-20, Lajpat Nagar-I, New Delhi

Mr. Rakesh Kumar Srivastava, 5605, Kohlapur Road, Kamla Nagar, New Delhi - 110007

Mr. Zile Singh(MD),

C-445, East of Kailash, New Delhi

Mr. Anil Kumar

N-31, Sindhi Colony, New Delhi-110089

Mr. Neeraj Kumar

334, Vishwas Park,

New Delhi-110045

Mr. Raj Kumar Shukla, B-87, Pandara Road, New Delhi

-do-

-do-

4.

Kedia Infotech Limited(Formerly Grivs Hotels Limited)

V-112, Lower Ground Floor, Vidhata House, Vikas Marg, Shakarpur, Delhi-110092

Col. Satish Kumar Sharma (MD)

34, Station Road, Agra Cantt., Agra (U.P).

Mrs. Indira Sharma, (JMD), 34, Station Road, Agra Cantt., Agra (U.P).

Mr. Rahul Sharma,

34, Station Road, Agra Cantt., Agra (U.P).

Mr. Gagan Kumar Sharma, 34, Station Road, Agra Cantt., Agra  (U.P).

Mrs. Veena Singh,

W/o Mr. Dabinder Singh,

C/o Hotel Surya Sofitel, Near Raja Ki Mandi Stn., Delhi Gate, Agra.

Mr. Anand Chandra Sharma, 3713, Ballet Court, Plano, TX-75023, USA.

Mr. Bijoy Kumar Bagchi, 41, Nishat Enclave, 74, Bunglow, Bhopal-462003.

Mr. S.N. Dixit

D-101, Sarita Vihar, New Delhi-110044

-do-

07.06.02

5.

Hoffland Investments Ltd.(Formerly Vardra Investments Limited)

B-9, Thapar Chamber-III

2, Desh Bandu Gupta Road, New Delhi.

Mr. Manjit Jaju

(a)    C-65, Malviya Nagar, New Delhi-110017.

(b)   LB-6, Tolstoy House, Tolstoy Marg, New Delhi.

Mr. Pramod Kumar

304-C, Pocket-E, GTB Enclave, Delhi.

Mrs. Kumkum Maheshwari,

(a)    A-III, Preet Vihar, Delhi

(b)   A-139/5, Shiv Mandir Marg, Mandavali, Delhi-110092

-do-

07.05.02

6.

Vermani Steel Strips Ltd.(In Liquidation)

28/4, Shakti Nagar, Delhi-110007

Mr. Shivaprasad Samaddar (Chairman)

K-1997, Chittaranjan Park, New Delhi-110017.

Mr. Ajay Kumar Vermani (MD)

28/4, Shakti Nagar, Delhi-110007.

Mr. Dwarka Dass Vermani

28/4, Shakti Nagar, Delhi-110007.

Mr. Tek Chand Jain

96, Shivalik Apartments, Alaknanda, Kalkaji, New Delhi-110019

Mr. Prakash Chandra Jain

2-C/9, New Rohtak Road, New Delhi-110005.

Mr. S.A. Egbert (Director PICUP nominee)

C-155, Nirala Nagar, Lucknow.

Mr. Rajiv Kumar Vermani (WTD)

28/4, Shakti Nagar, Delhi-110007.

-do-

07.06.02

10. Registrar of Companies,Jalandhar

Sl.No.

Name & Regd Office of the Company

Name & Address of Directors/Officers in Default

Gist of Violation

Date of Filing Prosecution

Remarks if any

1.

Sukhchain Cements Ltd.

Gangadevi Mahjan Trust Building , Main Bazar,  Manimajra, Chandigarh.

1.        Sh. Varesh Chalan, 1138, Sector 7, Panchkula.

2.        Sh. J.P. Gupta, 83, Sector 18, Chandigarh.

3.        Sh. S. Parampal Singh Mann, 29, Sector 9, Chandigarh.

4.        Sh. Kuldip Kaura, Executive Bungalows HBB Colony, Mancia Vadodara.

5.        Major Gen Retd. Surinder Kumar, I-601, Som Vihar, Sector X R.K. Puram, New Delhi.

6.        Sh. R.K. Singla, 411, Sector 16, Panchkula.

7.        Sh. Vivek Chalan, 1138, Sector 7, Panchkula.

Section 62 read with section 628, 63 and 68 of the Companies Act, 1956.

Section 159/220 of the Companies Act, 1956.

04-05-2002

06-05-2002.

------

2.

Hindustan Tools & Forgings Ltd., Dhankansu Road, Rajpura (Pb).

1.        Sh. Resh Goyal, 703, Sector 8-A, Panchkula.

2.        Mrs. Abha Goyal, 703, Sector 8-A, Panchkula.

3.        Sh. Vijay  Gupta, D-14, Calibre Market, Rajpura.

4.        Sh. S.R. Sodhani (NRI), S/o Sh. R. Sodhani, No. 17, JLN Metro Duta, Pondok Indah, Jakarta Sclatan, Indonesia.

5.        Sh. Arvind Jain, 23472, Moon Shadews Drive, Mali BU CA 90265, Los Angles, USA.

6.        Sh. M.S. Ahluwalia, V & P.O. Nadala, The. Bholath, Kapurthala.

7.        Sh. Pawan Kumar Sharma, Gali NO. 6, Aerry Mill Road, Mandi  Gobindgarh.

8.        Sh. Avtar Singh Walia, V & P.O. Nadala, The. Bholath, Kapurthala.

Section 62 read with Section 628, 63 and 68 of the Companies Act, 1956.

Section 209-A,

383-A,

73 & 113 of the Companies Act, 1956.

04-05-2002

09-11-2001

27-10-1997

-------

3.

Carewell Hygiene Products Ltd., Hotel Sunbeam, Sector 22-B, Chandigarh.

1.        Sh. R.K. Nair, S-187, Panchshila Park, New Delhi.

2.        Sh. J.K. Khaitan, H.NO. 47, Sector 4, Chandigarh.

3.        Sh. Rajneesh Rametrra, H.No. 231, Sector 21-A, Chandigarh.

4.        Dr. Mrs. P. Bhargava, H.No. 761, Sector 8-B, Chandigarh.

5.        Mrs. Surinder Kaur, H.No. 231, Sector 21-A, Chandigarh.

6.        Sh. Harpreet Singh Cheema, H.No. 733, Sectgor 8-B, Chandigarh.

Section 62 read with Section 628, 63 and 68 of the Companies Act, 1956.

Section 146/147, 209, 252 & 383-A , 159/220  of the Companies Act, 1956

04-05-2002

19-07-2002

30-03-2002

-------

4.

Hallmark Drugs & Chemicals Ltd., H.NO. 433, Phase 3, B-1, Mohali.

1.        Dr. Krishan Kalayan, 304, Prabhu Kunj, Poddar Road, Mumbai-400026.

2.        Sh. C.S. Pani, “Shri Sai Krupa”, 543, 12th Cross/36th Main, Sri Rajeshwari nagar, Bangalore---39.

3.        Sh. Dinesh Menon, Aradhana Gokuldham, Goregaon (East), Mumbai—63.

4.        Sh. Surinder Jirawala, 11, Amijara Society, Sabarmati, Ahmedabad.

5.        Mrs. Prema Swaminathan, B-605, Vardhman Appartment, Mayur Vihar, Phase 1, Delhi—91.

6.        Sh. H.R. Swaminatha, B-605, Vardhman Appartments, Mayur Vihar, Phase 1, Delhi—91.

7.        Sh. M.K. Dugar, B-515, Savita Vihar, New Delhi.

8.        Sh. Navneet Khurana, 1112, Urban Estate, Sector 13, Karnal—132 001.

9.        Sh. Piyush Mahendra Goda, 52/54, Popatwadi, Kalbadevi “Road, Mumbai.

Section 62 read with Section 628, 63 and 68 of the Companies Act, 1956.

Section

146/147

of the Companies Act, 1956

04-05-2002

29-04-2002

--------

5.

Seema Industries Limited(in Liquidation with Official Liquidator, Chandigarh), Last Regd. Office:

Mansa Road, Bathinda (Punjab).

1.        Sh. K.S. Dhillon, 44, Sector 28-A, Chandigarh.

2.        Sh. P.L. Goyal, Mandi Goluwala, Distt. Sriganganagar.

3.        Sh. A.K. Gupta, C-606, IFCI Colony, Paschim Vihar, New Delhi.

4.        Sh. R.C. Singal, B-23/750, Street No. 5, Janakpuri, Ludhiana.

5.        Sh. N.K. Guha, Dignatika F/5, A H Block, Sector 11, Salt Lake, Kolkata.

6.        Sh. S.D. Gandha, E-500, Greater Kailash-II, New Delhi.

7.        Dr. K.M. Upadhyay Punjab Agriculture, University, Ludhiana.

8.        Sh. Sanjay Khar, Alternate Director to Sh. R.F. Brusten of Germany,

1143, Sector 8, Pocket-I, Vasant Kunj, New Delhi.

9..    Sh. T,R. Gjoyal, 515-B,     Aggar Nagar, Ludhiana.

Section 62 read with Section 628, 63 and 68 of the Companies Act, 1956.

Section  159/220 of the Companies Act, 1956

04-06-2002

14-11-2000

------

<![endif]>

11. REGISTRAR OF COMPANIES,U.P.,UTTARANCHAL, KANPUR

-----------------------------------------------------------------------

Sl.No.|Name & regd. office  | Name & address of           | Date of

|of the company.      | Directors/Officers          | prosecution

|                     | in default.                 |

-----------------------------------------------------------------------

1.    Vidiani Agro-tech        1.Sh.C.K. Tikku              Filed on

Industries Ltd.            S/o.Late Shri S.K.Tikku    29.5.02

Vill- Gohari,              B-44, Pushpanjali Vikas    in the

Teh. Chhatta,              Marg Extension, New Dehi.  court of

Distt. Mathura.            Pin Code - 110 092.        Spl. CJM.,

Agra.

2.Maj. D.C. Misra (Retd.),

S/o.Late Sh. D.D. Misra

140, Wheeler, Bangalore.

3.Sh.Dinesh V. Chaturvedi

S/o Sh. V.D. Chaturvedi

C-706, Milton Apartment,

Juhu Tara Road,

Santacruz (W), Mumbai.

4.Sh.Vimal K. Chaturvedi,

S/o Shri K.N. Chaturvedi

608, Vishal Bhawan,

95, Nehru Place, New Delhi.

5.Sh.Mangal Singh,

S/o.Shri Sangram Singh

78 E, Venus Apartments,

Worli Sea Face,

Mumbai - 400 018.

6.Dr.J.H. Sanghavi,

S/o Shri J.H.L. Sanghavi

650, Rath Mansion

Veer Sarvarkar Marg,

Mumbai - 400028.

7.Sh. A.K. Maheshwary

Late Shri H.L. Maheswary

121, Maker Chamber V,

Nariman Point, Mumbai.

2.     Rizvi Exports Ltd.    1.Shri S.M.A Rizvi,            Filed on

14/145, Commerce        S/o.S.M.I.Rizvi,             02.5.02

Centre, The Mall,       117/388, L-Block,            in the

Kanpur-208 001.         Navin Nagar, Kakadeo,        court of

Kanpur.                      Spl. CJM.,

Kanpur.

2.Shri Sanjay Rizvi,

S/o Mr.S.M.A. Rizvi,

117/388, L-Block,

Navin Nagar  Kakadeo,

Kanpur.

3.Shri Ilyas Rizvi,

S/o Mr.S.M.A. Rizvi,

117/ 338 L-Block,

Navin Nagar,  Kakadeo,

Kanpur.

4.Shri Kaji Jalil Abbasi,

S/o.Late K.A.Abbasi,

P.O.Bayara,

Distt.Sidharth Nagar.

5.Shri N.Raja Shekar,

R/o. Sector-15,

Noida (UP).

6.Shri Kulwant Singh,

S/o S.Sundar Singh,

5-D, Sagar Apartments,

6, Tilak Marg,

New Delhi - 110001.

7.Shri K.B.L.Agarwal,

S/o.Mr.ABL Agrrawal,

58, HIG, Ratanlal Nagar,

Kanpur.

8.Shri Samshuddin,

S/o.Late M.Hasan,

A.B.Nagar,

Unnao.

9.Mr.Mohd.Qaiyum,

S/o.Late Haji Qadir Buksh,

C/o.Gulzar Hosiery,

Building, 45/105,

Nai Sarak, Kanpur.

10.Shri A.H.Rizvi,

Vill & Post Hallaur,

Sidharth Nagar.

3.    Danin Leathers Ltd.    1. Sh.Keshav Ram Mahajan,    Filed on

6/290-A, Rani Ka          Late Sh.Ram lal Mahajan   23.5.02

Ghera, Belanganj,         R/o 3/30, Khandari,       in the

Agra.                     Agra.                     court of

Spl. CJM.,

2. Shri Ashok Mahajan,       Agra.

S/oSh.Keshav Ram Mahajan,

R/o. 3/30, Khandari, AGRA.

3. Shri Ajay Mahajan,

S/o.Sh.Keshav Ram Mahajan,

R/o. 3/30, Khandari, ARGA.

4. Shri Sanjay Mahajan,

S/o.Sh.Keshav Ram Mahajan,

R/o. 3/30, Khandari, AGRA.

4.   Siddhartha              1. Sh.Piyush Kumar Jain,      Filed on

Pharchem Ltd.              S/o.Shri H.C. Jain,        17.5.02

A-6/1, UPSIDC              4B/12,Sant Gadge Marg,     in the

Indl. Area,                Old Rajinder Nagar,        court of

Gajraula,                  New Delhi.                 Spl. CJM.,

Moradabad.                                            Lucknow.

2. Shri A.B.Dubey,

S/o.Shri J.R.Dubey,

8,Triveni Apartments,

A 6 Paschim Vihar,

New Delhi.

3. Shri Prashant Jain,

S/o.Shri P.K.Jain,

4B/12, Sant Gadge Marg,

New Delhi.

4. Shri H.B.Chaturvedi,

S/o.Shri  B.D.Chaturvedi,

1-B, North Tower,

Girdher  Apartments,

28, Feroze Shah Road,

New Delhi 110001.

5.   Shefali Papers         1. Shri Gopal Singh,          Filed on

Ltd.                      S/o.Shri Garib Dass,       27.5.02

'V'Thapri Nagar Road,     55  Prem Vatika,           in the

Shakhpuru Kadeem,         Saharanpur.                court of

Saharanpur.                                          Spl. CJM.,

2. Smt. Aruna Karnwal,        Meerut.

W/o.Shri Gopal Singh,

55 Prem  Vatika,

Saharanpur.

3. Shri Rakesh KumarTalwar,

S/o.Shri Madan Lal,

Samarpan Chander Nagar,

Saharanpur.

4. Shri A.R.Nighoskar,

S/o.Shri R.L.Nighoskar,

35, Raj Vihar,

Saharanpur.

5. Shri Gagal Walia,

55 Prem Vatika,

Mission Compound,

Saharanpur.

6. Shri Munish Kumar Marwah,

E-72, Kirti Nagar,

New Delhi 110015.

12. THE REIGISTRAR OF COMPANIES, GUJARAT. (AHMEDABAD).

Sl.NO

NAME & REGD. OFFICE OF THE COMPANY

NAME & ADDRESS OF DIRECTORS/OFFICERS IN DEFAULT

GIST OF VIOLATION

DATE OF FILING PROSECUTIONS.

REMARKS IF ANY.

1.

M/s. Girish Hotels Resorts and Healthfarms Limited,

Girish House,Near People’s Co.Operative Bank,

Museum Road,Paldi Char Rasta, Ahmedabad-

380 006.

1.    Shri Girish.P.Ruparel,

A/6, Naseeb Appartments,

B/h Police Officers’ Qtrs.

Ahmedabad.

2.      Mr. Baldev Bhai Rami,

2nd Floor,Anila Flats,

Khodi Ambli,Kalupur,

Ahmedabad.

3.      Mr. Devendra Painter,

41, Chandralok Society,

Ranip.Ahmedabad.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

2.

M/s. Spil Finance Limited,

H.K.House, 7th floor,Ashram Road,

Ahmedabad- 380 009

1.      Bipinchandra P.Mehta.,

S/o.,Mr.Premchandbhai Mehta,

B-104,Lav-kush,Apptt.,

Nr.Gosha Soc.,Thaltej Tekra,Ahmedabad.54.

2.       Girishchandra M.Modi,

S/o, Mr.Mansukhlal T.Modi,

D/2,First floor,Mahavir Apptt.,

Mirambica Road,

Ahmedabad.13

3.      Balvantsinh J.Vaghela,

S/o.,Jetusinh Vaghela,

A-6,Pushpanjali apptt.,

Nr.Navchetan High School,

Paldi Char Rasta,Ahmedabad.

4.      Narendrakumar P.Mehta.

S/o.,Mr.Premchandbhai Mehta,

B-104,Lav-kush Apptt.,

Nr.Gosha Soc.,Thaltej Tekra,Ahmedabad.

5.      Laxminarayan A.Patel,

S/o., Amrital M.Patel,

S/2,Sankool Apptt.,Ambawadi,

Ahmedabad.15.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

3.

M/s. Genuine Commodities development company Ltd.,

Plot No.104/105,

Nr.Ajit Mills,Rakhial, Ahmedabad.

1.      Manoharsinh L. Waghela,

S/o Dr.Laxmansinh,

37/1,Jayant Park,

Maninagar,Ahmedabad

.

2.      Rajkumar Bafna,

S/o., Sumermalji,

15,Dariamahal,

Nepeansea Road,

Mumbai

.

3.      Kishoresinh  D. Jadeja,

C/o., Genuine Commodity Development Co. Ltd.

Plot No.104/105,

Nr.Ajit Mills,Rakhial,

Ahmedabad.

4.      Hemant Bhati,

S/o., Lalsinh,

Hotel Neelam,

Mt.Abu,Rajasthan.

5.      Mrs.Kusum Waghela,

W/o, Manoharsinh,

37/1,Jayant Park,

Maninagar ,Ahmedabad.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

4.

M/s. Naisargik Agritech (India) Ltd.

306, Kalash Navrangpur Post Office,

Ahmedabad-380 009.

1.      Chhaganbhai.K.,Patel,

P/2, Siddhant Apts.

3, Shrimali Society,

Navrangpura,Ahmedabad-380 009.

.

2.      Shanshak.Y.Shah,

Q/12,Lake View Flats,

Vastrapur,

Ahmedabad- 380 015.

3.      Ishwarbhai.K.Patel,

M/33,Satelite Park,

Jodhpur Char Rasta,

Ahmedabad-380 015.

4.      Bipin.M.Patel,

2,Harsiddh Society,

Opp.Jain Derasar,

Naranpura Char Rasta,Ahmedabad.

5.      Ambalal.N.Patel,

2, Sabar Society,Gayatri Mandir Road,

Mahavir Nagar,Himatnagar-383 001.

6.      Smt.Sobhanka.D.Patel,

5, Khanderao Society,

R.V.Desai Road,

Baroda-390 001.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

5.

M/s. Nisu Fincap   Limited,

(formerly known as Medha Finance and Securities Ltd).

301, Samudra Complex,C.G.Road,

Sardar Patel Nagar,Ellisbridge,Ahmedabad- 380 006.

1.      Rakesh.G.Pathak,,

29, Paraskunj Society-1,

Satelite Road,

Ahmedabad- 380 015.

2.      Mahipat.R.Shah,

A-1, Jin Mangal Apartments,

Gautambuag Society,Paldi,

Ahmedabad- 380 007.

3.      Medha.R.Pathak,

29, Paraskunj Society-1,

Satelite Road,

Ahmedabad-380 015.

4.      Jagdish.L.Shah,

2/94, Varmanagar, Old Nagar Das Road,

Andheri (East)

Mumbai- 400 069

5.      Ashish.C.Bhatt,

11, Suarashtra Vishvakarma Society-2,

Near Manek Baug,

Ahmedabad- 380 015.

6.

7.      Gaurang.M.Shethwala,

H/43, Parshwanath Chowk, Gurukul Road,

Ahmedabad- 380 052.

7.    Vandan.N.Patel,

13, Bank of Baroda Society,

Navawadaj,Ahmedabad- 380 013.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

6.

M/s. Sushil Packaging (I) Limited,

250/252, Village Changodar,

Ta :- Sanand, Dist :- Ahmedabad.

1.      Bipinchandra.P.Mehta,

B/2/32, Goyal Intercity,

B/h, Drive in Cinema,Thaltej,

Ahmedabad- 380 054.

2.      Shri Girishbhai.M Modi,

D/2, Mahavir Apartments,

Nr. Mirambica School,Naranpura,

Ahmedabad- 380 013.

3.      Amul .M.Gandhi,

30, Shivall Apartment,

Nr. NCC Ground, Law Garden,

Ahmedabad.

4.      Mr. Madanlal.R.Jalani,

C/o. George Talkies, Indian Bazar Chowk,

Deesa (N.G)

5.    Bipinchandra.R.Shah,

“ Parshwanath” 2, Ramnagar Gondal Road,

Rajkot.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

7.

M/s. CromaKem Limited,

82, Geekani House, Opp.Law Garden,

Ellisbridge, Ahmedabad- 380 006.

1.      Shri  Rohit.M.Shah,

Nr. Polytechnic,

Ahmedabad- 380 015.

2.      Mr. Vijay.S.Talati,

12, Aagam Apartment,

Neelparna Society,

Ahmedabad- 380 007.

3.      Mr. Krishnalal.C.Jhaveri,

Ami Appartment, Ambawadi,

Ahmedabad- 380 015.

4.      Dr. Nagin.G.Mehta

19, Hemlock Road,

HARTSDALF-New York- 10530. U.S.A

5.    Mahesh.K.Shroff,

Ratilal  Thakkar Marg,

Mumbai.

6.    Mr. Kirit.N.Damania,

Reva Appartment, Haji Ali Circle,

Mumbai.

7.     Mr. Amratlal.R.Sanghvi,

9, Punit Nagar Division 3, Satellite Road,

Ahmedabad.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

8.

M/s. Bhawna Steel Cast Limited,

101, Ivorya Terrace,

R.C.Dutt Road, Alkapuri,Baroda- 390 005.

1.      Shri  A.S.Bhattar,

Vyom, Near Sama Octroi Naka, Sama Road,

Vadodara- 390 008.

2.      Mr. Ghanshyamsinh.U.Raijada,

Qtr. No. DT- 3, Narmada Colony,Nr. Chhani Jakat Naka,

Baroda- 390 002.

3.      Mr. Jawahar.P.Kanugo,

44, C.P Tank Road,

Bombay- 400 004.

4.      Mr S.Shridharan,

77, Haribhakti Extentsion, Old Padra Road,

Vadodara.

5.     Mr. Sayanarayan.N.Sodhani,

Neo Metal & Alloys B.NO.172, Shalimar Baug (West)

Delhi.

6.    Mrs. Suchitra Bhattar

Vyom, Near Sama Octroi Naka,

Sama Road,Baroda- 390 008.

8.Mr. Praveen Kumar Aggarwal

A-503, Kaveri Appartment,

Alaknanda,New Delhi- 110 014.

1.       Mr. Rasesh Dalal

14, Ajanta Society,

Race Course Circle,

Baroda- 390 007.

1.       Mr. Vijendra Bhattar,

Vyom, Near Sama Octroi Naka,

Sama Road,Baroda- 390 008.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

25-6-2002

The  matter is pending in the Court.

9.

M/s. Citizen Yarns Limited

32, Ajanta Commercial Centre,

3rd floor, Ashram Road, Ahmedabad

1.  Shri Govindram Khetan

D-56, Yashpath Prabhu Marg,Tilkanagar

Jaipur 4

2.  Shri Hariprasad Khetan

21, Prenrana Kutir B/h Sarthi Hotel, Vastrapura Road, Ahmedabad

3.  Shri Mahesh Ramanlal Jani

C-14, Sateliited Centre, Premchand Nagar Road,

Ahmedabad 15

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

10.

Topline Shoes Ltd.

B-3, Bihari Apats.,

R.C.Dutt Road, Alkapuri, Vadodara 390005

1.  Shri Duleep Singh

5/37, Sector VI, Vashi, New Bombay 400703

2.  Shri H.M.G.Murthy

17, Vyshwas Colony Alka Puri, Vadodara 390005

3.  Shri H.M.B.Murty

Snehal Nagar, Wardha 442001

4.  Shri Sunil M Gavaskar

Sports Field, Worli Sea Face, Bombay 400018

5.  Shri Vinod B Mistry

A-18, Mangalam Apartments,

Irla Lane, 4th floor, Vile Parle, Bombay 400056

6.  Shri Arun L. Kapani

4/C, Sea Breeze, St. John Bapista Road,

Bandra, Mumbai 400050

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

25-6-2002

The  matter is pending in the Court.

11.

Gujarat Bonanza Auto  and Steel Rolling Ltd.

1311, GIDC,

Halol- 389 350

(Dist : Panchmanal)

1.  Mr  Kirit  M.Trivedi,

59, Urmi Society,

Productivity Road,

Baroda.

2.  Mr. Iqbalsingh  S. Kaushal,

88,  Ellora Park,

Race Course Circle,

Baroda.

3.  Mr. M.J. Trivedi,

59, Urmi Society,

Productivity Road,

Baroda.

4.   Mr. Manubhai L. Ramani,

Lajpat Nagar,

NEW DELHI.

5.  Mr. Narendra R. Thakkar,

Part Street, Threatre Road,

Crossing Lane, Calcutta.

6.  Mr. Kamalnath S. Gupta,

Godulia Chowki, Varansi,

(UP)

7.  Mrs.. Jyoti M. Trivedi,

59, Urmi Society,

Productivity Road,

Baroda.

8.  Shri Jagdish P. Joshi,

Ratu Road,

Ranchi, (Bihar)

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

25-6-2002

The  matter is pending in the Court.

12

M/S. ISHAN INFRASTRUCTURE & SHELTERS LTD.

407/408, Brajbhumi Complex, B/h Shilp Building, Navrangpura, Ahmedabad.

1.        Shri Kalpen R. Shah,

5, Suyog Apartments,

Drive-in-road,

Ahmedabad.

2.        Nitinkumar S. Raval,

13/B, Anandham society, Opp: Kiranpark, Navawadaj, Ahmedabad-13.

3.        Shri Jatin N. Shah,

27, Nehru Nagar, S.M. Road, Ambawadi, Ahmedabad.

4.        Shri Saurn Jitendrabhai Shah,

1, Navdarshan flats,

Opp: Opera society,

New Vikasgruh cross road,

Ahmedabad.1.

5.        Shri Kaushal P. Shah,

21, Satellite Plaza, Satellite road,

Ahmedabad.15.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

13.

M/S. SUPER DOMESTIC MACHINES LTD.

1392, Patel Vas, Mithakhali Gam,

Ellisbridge, Ahmedabad.

1.          Shri Girish M. Modi,

D-2, Mahavir Appartments,

Mirambica Road, Naranpura, Ahmedabad.

2.          Shri Sudana C. Batra,

1/103, Samrajya appartments,

Nr. Manavmandir, Drive-in-road,

Ahmedabad.

3.          Shri Prafun M. Modi,

1/12, Virat complex, Bhuyangdev-Sola Road, Ahmedabad.61.

4.          Shri Taral M. Desai,

401,  Highscope Appartmetns,

Patel Park, Nr. Kailash Tower,

Navrangpura, Ahmedabad.9.

5.          Shri Govind K. Modi,

3, Chandralok society, Narannagar road, Ahmedabad.382 480.

6.          Shri Sandeep A. Mistry,

1276, Sametshikhar’s pole, Mandvi-ni-pole, Manekchowk,

Ahmedabad.1.

7.          Shri Deepak J. Khajanchi,

Kapidhawaj Bunglows, Nr. Subdha colony, Satellite, Ahmedabad.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

21-6-2002

The  matter is pending in the Court.

14.

M/S LYONS INDUSTRIAL ENTERPRISES LTD.

A-72,  Pariseema complex, C.G. Road, Ahmedabad,

1.        V.G. Pendharkar,

32-A, Anand Park, Pune Aundh,

Pune- 411 007.

2.        Manoj M. Sharma,

B-83,  Buena Vista, Nr. Kashiram Agarwal Hall, Ambawadi, Ahmedabad-15.

3.        K. S. Rangnathan,

L.B.S. Marg, Ghatkopar West,

Mumbai-86.

4.        Ashwin J. Bhatt,

503, Siddharth Tower,

Kastur Park, Boriwali(W),

Mumbai.

5.        M.R.Sharma,

B-83,  Buena Vista, Nr. Kashiram Agarwal Hall, Ambawadi, Ahmedabad-15.

6.        Ramesh N. Thakkar,

4/B,  Narnarayan society,

Navrangpura, Ahmedabad-9.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

19-4-2002

The  matter is pending in the Court.

15.

M/S. SHREE YAAX PHARMA AND COSMETICS LTD.

6, Moonlight complex, 1st floor, Gurukul Ahmedabad.

1.        Dr. Yogesh S. Dave,

26,Muktidham society, Motera road,  Sabarmati, Ahmedabad-5.

2.        Dr. Parul Dave,

26,Muktidham society, Motera road,  Sabarmati, Ahmedabad-5.

3.        Dr.Jitendra Rajgor,

E-8, Bhaktinagar, IOC Road,  Chandkheda, Ahmedabad. 382 424.

4.        Maneklal Velsibhai Thakkar.

3/25, Kumbhnath society,

Ghodasar, Maninagar, Ahmedabad-8.

5.        Dr. Anant C Patel,

G-802,  Samrajaya flats,

Opp: Manavmandir, Drive-in-road,Ahmedabad. 52.

6.        Dr. Arvind K. Patel,

80, Someshwara Park, Nr. Sun-n-steps  Club, Sola road, Ahmedabad-61.

7.        Deepak S. Talati,

26, Indrapuri appartments,

Mithakhali, Ahmedabad-6.

8.        Vijay S. Talati,

6, Tulsipuja apartments,

49,Vasant kunj society, New Sharda Mandir Road, Ahmedabad.7.

9.        Kantibhai M  Patel,

19, Rajendra Park, Station Road, Unjha – 384 170.

10.    Prakash J. Patel,

68, Goel Park, Vastrapur, Premchandnagar, Ahmedabad.15.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

19-4-2002

The  matter is pending in the Court.

16.

M/S. GROWTH AGRO INDUSTRIES LTD.

F/29, Harisiddha chambers, Income Tax Circle, Ahram Road, Ahmedabad.

1.        Praful N. Barot,

6, Bhagwati Nagar, Saraspur, Ahmedabad. 18.

2.        Hemlata P. Barot,

6, Bhagwati Nagar, Saraspur, Ahmedabad. 18.

3.        Praveen Panwar,

6, Arihant Apartments, Nr. Bhagwan Nagar Tekra, Mahalaxmi Char Rasta, Paldi, Ahmedabad-7.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

19-4-2002

The  matter is pending in the Court.

17.

M/S.  TIRTH PLASTIC  LTD.

Survey No. 134/D, Rana Road,

Village: Budasana,  Ta: Kadi,

Dist : Mehsana – 382 721.

1.        Nalini Doshi,

J/64,  Deshwali society,

Nr. Dhanjibhai Kuva, Chandlodia, Ahmedabad.

2.        Madhusudan D. Rathod,

Block No.356, Satyagrah chhavani, Sector No.3, Lane –18, Satellite Ahmedabad.

3.        Subhas A.Shah,

C-3,  Sahajanand flats, Umiyavijay Khancho, Satellite Road, Ahmedabad. 15.

4.        Mahendra R. Shah,

5/42, Adinath nagar, Nr. Memnagar,  Ahmedabad.

5.        Vansh M. Doshi,

5/64,  Deshwali society, Nr. Dhanjibhai Kuva, Chandlodiya, Ahmedabad.

6.        Dilip M. Talsania,

44, Avantika Park society, Khanpur Road, Ahmedabad.

63, 63 AND 628 OF THE COMPANIES ACT, 1956.

9-7-2002

The  matter is pending in the Court.

18.

M/s Frontline Financial Services Ltd.

19, Shayam Gokul Complex,

Nr. Vijay Char Rasta, Navrangpura, Ahmedabad.

1.Prafulbhai B. Pandya

3, Maitri Nagar,   Nr. Pragtinagar,   Naranpura, Ahmedabad.

2.Shreyas R Pate,

11, Harsiddh Soc.Naranpura, Ahmedabad-13

3.Nimesh N Patel

24-17, 90th Place,East Almhorst, New Yok

111369 USA

4.Ravish A Shah

1-404, Samryajya, Opp Manavmandir, Memnagar,Ahmedabad.

5.Mayurbhai R Patel

9, Champaner Society, Ushmanpura, Ashram Rd.Ahmedabad.

10.Nikhil J Shah,

4, Ankur, Nr. Town Hall,Esslibridge,Ahmedabad-6.

63, 68 and 628 of the Companies Act, 1956

17-10-2002

Pending in the Court

19.

M/s Naturo Paste Ltd.

Dabhasa Jambusar

Ta: Padra

Dist : Vadodara

391 440

1.Kishor J Chokshi

Shashtri’s LaneMandi, Vadodara

2.Bhagirath N. Shah,

P.O. Box No.693Lamberton NC 283358 USA

3.Ashokbhai P Soni

41-A,   Uma  Colony,Vadhodia Road, Baroda.

4.Smt. Anjanaben L Soni,

Shashtri’s LaneMandi, Vadodara

5.Dr. K. C Soni,

126, Dharamnath Prabhu SocNr. Adishwarnagar, Nikol Rd.Naroda, Ahmedabad-25.

63, 68 and 628 of the Companies Act, 1956

3-8-2002

Pending in the Court.

20.

M/s. Marine Cargo Co. Ltd.

609, Harikrupa tower,Ellisbridge, Ahmedabad

1.Vadibhai M Patel,

Amin Bhawan,Opp Maninagar Rly Stn.Maninagar, Ahmedabad.

2.Kanayalal N. Patel,

5, Jalbindu Soc Bhaduat Nagar,Maninagar, Ahmedabad.

3.Mrs. Kapilaben M Patel,

Amin Bhawan,Opp Maninagar Rly Stn.Maninagar, Ahmedabad.

4.C. R. Patel,

Bipin Niwas,Shahpur Bahai Centre,Shahpur, Ahmedabad.

5.Shailesh Shah,

32, Vinay Park society,hodasar, Ahmedabad.

6.Prakashchandara P. Agarwal,9, Vasupujya Raw House,Satellite Rd., Ahmedabad.

7.Pramod Purohit,

Bally View Compound, Ashram Road, Ahmedabad

63, 68 and 628 of the Companies Act, 1956

17-10-2002

Pending in the Court.

Sr No.

Names and Regd. Office of the Company

Names and addresses of the Directors/Officers in default

Gist of violation

Date of failing prosecution.

Remarks if any.

21

M/s. Pur Opale Creations Ltd.

(Formerly known as M/s. Nuline Glassware India Ltd. )

Plot No.344, Dabhasa,

Akalbara  Road,

Akalbara 391 440

1.Mohanlal Sanghavi,

Sanghavi Sadan

Bh Anumap Cinema,

Goregoan (E)

Mumbai 63.

2.Avinash M. Sanghavi,

13, Row Houses,

Pashubhai Park Soc,

Race Course Circle,

Vadodara-5.

3.Suresh M. Sanghavi,

Sanghavi Sadan

Bh Anumap Cinema,

Goregoan (E)

Mumbai 63.

4.Dinesh M .Sanghavi,

49-B, Mangalaam,

Svarnapuri, Chikuvadi,

Alkapuri, Baroda-5.

5.N. C. Chauhan

Flat No.4, Sangam, Pandurangwadi,

Goregaon (E), Mumbai-63.

6.K.K. Puri,

21-B, Anandvan soc.

Sama Road, Vadodara.

7.P. M. Jaisingh

8, Saraswati Co-op Hsg. Soc.

Plot No.433, Road No.15,

Khar, Mumbai-52.

63, 68 and 628 of the Companies Act, 1956

3-8-2002

Pending in the Court.

22

Shri Mahalaxmi Agricilture Development Ltd.

4, Ground Floor,

Ellora Commercial Centre,.

GPO Road, Ahmedabad.

1.Ramnikbhai M. Chandarana,

11, Tapovan Soc.

Ambawadi, Ahmedbad.15.

2.Shaileshbhai R. Chandarana,

11, Tapovan Soc.

Ambawadi, Ahmedbad.15.

3.Manish R. Bhatt,

159, Manekbaug soc,

Ambawadi, Ahmedabad.15.

4.Uday N. Bhojani,

32, Monalisa Appartments,

Bomanji Petit Road,

Camps Corner,

Mumbai-36.

5.Mrs. Savarnaben A Kadam.

A/B Hetal No.2,

Opp: Shyamal Raw House,

Satellite Road, Ahmedabad-15.

6.Rameshbhai V. Kalaria,

Opp: CBI, Jamjodhpur,

360 055.

7.Govindbhai Manubhai Patel,

At Raisan

Dist : Gandhinagar, (Guj)

63, 68 and 628 of the Companies Act, 1956.

17-10-2002

Pending in the Court.

23

M/s. Kesar Greenfield International Ltd.

G/25, Induchacha House,

Opp: Chhani Octroi Naka,

Vadodara-2.

1.Dushyant K Bhatt,

59, Harinagar soc,

Nr. Gotri Road, Vadodara.

2.Milap J Shukla,

53, Arunodaya soc.

Alkapuri, Vadodara-5

3.Hiralal I Gupta,

2, Parijatpark soc.

Amardeep Appartments,

Nizampura, Vadodara.

4.Bhashkar Trivedi,

A/501, Brahma Tower,

Sector 2A,  Charkop,

Kandivali (W),

Mumbai-67

5.Anil Patel,

Parswa Nagar,

Vasna-Saiyad Road,

Nr. Nirmanpark,

Vadodara-9.

63, 68 and 628 of the Companies Act, 1956

3-8-2002

Pending in the Court.

24.

Aashi  Industries Ltd.

Vishnuvilla, Station Road,

Khambhat

1.Dhaval A Jhaveri,

1, Mulchand Bhawan,

4, Walkeshwar Road,

Mumbai-6.

2.Mr. Vaidyaeshwaran C Narayan,

301, Star Appartments,

Old Prabhadevi Road,

Mumbai-25.

3.Rajan Shivanand Shah,

C-12,  Sea Face Park,

50, Bhulabhai Desai Road,.

Mumbai

4.S. K. G. Kapadia,

Chitra 2nd floor, Block No.A,

West Avenue Road,

Shantacruz (W),

Mumbai.

5.Seema D  Jhaveri

1, Mulchand Bhawan,

4, Walkeshwar Road,

Mumbai-6.

6.Jayesh R. Mor,

97, Sardarkunj society,

Shahpur Bahai Centre,

Ahmedabad.1.

63, 68 and 628 of the Companies Act, 1956

25-10-2002

Pending in the Court.

25

M/s. Kome-on Communication Limited.

PA/903,Fair Deal House,

Swastik Cross Roads,

Navrangpura,Ahmedabad

1.Mr. Bhagyesh.Bhatnagar

26/27, Rameshwari Raw House, Ramdevnagar, Satellite Road, Ahmedabad.

2.Mr. Rameshpraash Bhatnagar

6, Parthsarthi Appartments, Thaltej,

Ahmedabad.

3.Mr. Deepak.I.Joshi

9/K, Rangsagar Flats,

P.T.College Road,

Paldi,Ahmedabad.

4.Mrs. Monica Bhatnagar

6, Parthsarthi Appartments

Thaltej,Ahmedabad.

5.Mr. Panka.B.Adeshara

6-57, Suramy Appartment, Nr. Jay Mangal Society,

Ahmedabad.

6.Mr. S.N.Bhatnagar

6, Greenpark,Nizampura,

Baroda-2.

63,68 and 628 of the Companies Act,1956.

30.1.2003

26.

M/S Protech Switchgears Ltd.

B-Block, Mehuli Talavdi, Dabhasa, Padra, Dist;- Baroda.

1.Shri D.V.Sanghvi,

43, Urmi Society, Baroda-390005.

2.Shri D.J.Vora,

6, Vishwajyot  Society,Manjalpure, Baroda-4

3.Shri S.V. Dighe,

B-25, Radhakishan Apartment, 3rd Cross Lane, Rajaji Road,Dombivali(E) Mumbai-421201.

4.Dr. Arun J. Kochar,

24, Nirav park Society,Makarpura, Road, Baroda-10

63,68 and 628 of the Companies Act,1956

21.2.2003

27.

M/s Protect Circuit Breakers Ltd.

B-Block, Mehuli Talavdi, Dabhasa Padara, Dist;- Baroda391440.

1.Shri D.V.Sanghvi,

43, Urmi Society, Baroda-390005.

2.Shri D.J. Vora,

6, Vishwajyot  Society,Manjalpure, Baroda-4

3.Shri S.V. Dighe,

B-25, Radhakishan Apartment, 3rd Cross Lane, Rajaji Road,Dombivali(E) Mumbai-421201.

4.Dr. Arun J.Kochar,

24, Nirav park Society,Makarpura Road, Baroda-10

63,68 and 628 of the Companies Act,1956

21.2.2003

28

Rahil Investment And Finance Ltd.

503, Ashwamegh Avenue, Nr. Mithakhali Under Bridge,

Ellisbridge,

Ahmedabad

1.Shri Rakesh R.Sheth,

B/9, Amita Apartments, Opp;-memnagar, Fire station,Navrangpura, Ahmedabad.

2.Shri Kalepesh R.Sheth,

B/9, Amita Apartments, Opp;- Memnagar,Fire station,Navrangpura, Ahmedabad.

3.Shri Omkarchandra Maloo,

A/5 Harikrupa Apartments, Nr. Naranpura Rly Crossing, Usmanpura, Ahmedabad.

4.Shri Prashant R.Shah,

B/901, Indraprastha Tower, Drive-in Road, Ahmedabad.

5.Smt. Mayadevi R.Sheti,

B/9, Amita Apartment Opp;-Memnagar Fire station, Navrangpura, Ahm edabad.

6.Smt. Shilpa R.Sheth,

B/9, Amita Apartments Opp;-Memnagar, fire station, Navrangpura, Ahmedabad.

63,68 and 628 of the Companies Act,1956

11.2.2003

29.

M/s Shreeji Dye-Chem Ltd,

C-1/51, GIDC Phase-II, Vatva, Ahmedabad-17

1.Shri Amratbhai T.Patel,

7, New Rajdeep Society,Memnagar, Ahmedabad.

2.Shri Paresh D,Patel,

3, Vimal Complex, Opp;-Sharda school, Memnagar,Ahmedabad.

3.Shri Ramesh T.Patel,

250/2992, Sundarvan apartment Sola Road, Ahmedabad.

4.Shri Dayalji T.Patel,

3,Vimal Complex,Opp;-Sharda school,Memnagar, Ahmedabad.

5.Shri Saurin D.Shah,

Takshshila Apartment Satelite Road, Ahmedabad.

6.Shri Ushakant I.Bhatt,

34/281, Vidyanagar Society,Ahmedabad.

7.Shri Rumal Sing Dinkar,

3, Vasant Vihar Flats, Vastrapur, Ahmedabad.

8.Shri Chandubhai F.Patel,

10, Hirabaug Society, Ambawadi, Ahmedabad.

9.Shri Lavji T.Patel,

2, Vimal Complex, Opp;- Sharda school, Memnagar, Ahmedabad.

63,68 and 628 of the Companies Act,1956.

11.2.2003

30.

Manav Pharma Ltd,

1st Floor, Nirman House,

Nr. S.V.P.Rly Crossing, Usmanpura, Ahmedabad-380006

1.Shri Ramesh Banatwala,

S/o Mr. Govindas Banatwala, 1108, Embassy Centre, Nariman Point, Mumbai-21.

2.Shri S.C.Bafna,

S/o Kundan Malji, 71, Jawaharnagar, 1st floor, Goregaon, (W)Mumbai-62.

3.Shri Sarvesh Bansal,

S/o Mr. Bishan Prakash Bansal RH-2, Manavsthai Gokuldham, Goregaon (E) Mumbai 63

4.Shri Shashikant Tulsian

S/o Parmanad Tulsian, 5/1 Agrawal Nagar, Dr. Ambedkar Road, Matunga, Mumbai-19.

5.Anil K. Thanavala,

S/o Mr. Kantilal S. Thanavala, 6, Ceaser Villa, Veera Desai Road, Andheri (W) Mumbai-58

6.Pramod K.Goel,

S/o Premdutta 304, Chandrasagar, Gokuldham, Goregaon,(E) Mumbai-63.

7.Bimlesh Bansal,

W/O Mr.Sarvesh Bansal, RH-2,Manavsthal, Gokuldham, Goregaon (E) Mumbai-63.

8.Ishwar N.Phadnis,

S/o Narsinghrao N.Phandis, 5, Maheshwar Kiran Besant  Street, Santacruz,(W) Mumbai-

63,68 and 628 of the Companies Act,1956

11.2.2003