| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 121 |
|
INNOVENTIVE VENTURE LTD.
(CIN:L67190PN1985PLC142555
PAN:AAACK4718J)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
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| 122 |
|
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INTER GLOBE FINANCE LTD.
(CIN:L65999WB1992PLC055265
PAN:AAACI5520N)
|
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DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 18/08/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT, IF MADE. NO COSTS
SEBI VIDE ITS ORDER DATED 01/03/2018 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES 1) TRADING IN SECURITIES OF IGFL SHALL BE REVERTED TO STATUS AS IT STOOD PRIOR TO ISSUANCE OF LETTER DATED 07/08/2017 BY SEBI 2) EXCHANGE SHALL APPOINT AN INDEPENDENT AUDITOR INTERALIA TO FURTHER VERYFY: A) MISREPRESENTATION INCLUDING OF FINANCIALS AND/OR BUSINESS OF IGFL AND ITS SUBSIDIAREIS, IF ANY B) MISUSE OF THE BOOKS OF ACCOUNTS / FUNDS INCLUDING FACILITATION OF ACCOMMODATION ENTRIES 3) PROMOTERS AND DIRECTORS IN IGFL ARE PERMITTED ONLY TO BUY THE SECURITIES OF IGFL. THE SHARES HELD BY PROMOTERS AND DIRECTORS IN IGFL SHALL NOT BE ALLOWED TO BE TRANSFERRED FOR SALE, BY DEPOSITORIES 4) THE OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1 (D), AS MAY BE APPLICABLE, AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST INTER GLOBE FINANCE LTD. REPRESENTATION MADE BY IGFL DISPOSED OFF. DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 123 |
|
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INTERFACE FINANCIAL SERVICES LTD.
(PAN:AAACI3618P
CIN:L74910GJ1992PLC016866)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
|
| 124 |
|
|
INTERWORLD DIGITAL LTD.
(PAN:AAACI2221G
CIN:L72900DL1995PLC067808)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
BSE VIDE ITS NOTICE DATED 15/01/2018 DIRECTED THAT THE 1) TRADING IN SECURITIES SHALL BE REVERTED TO THE STATUS AS IT STOOD PRIOR TO ISSUANCE OF SEBI LETTER DATED 07/08/2017, EFFECTIVE FROM 16/01/2018 2) INDEPENDENT AUDITOR SHALL BE APPOINTED TO CONDUCT FORENSIC AUDIT OF THE COMPANY FOR VERIFICATION, INCLUDING CREDENTIALS / FINANCIALS OF THE COMPANY 3) PERMITTED PROMOTERS AND DIRECTORS ONLY TO BUY THE SECURITIES OF THEIR COMPANY AND SHALL NOT SELL THEIR EXISTING HOLDING IN THEIR RESPECTIVE COMPANY
SEBI VIDE ITS ORDER DATED 07/10/2019 REVOKED ITS DIRECTIONS ISSUED VIDE ITS INTERIM ORDER DATED 21/09/2017 AND CONFIRMATORY ORDER DATED 08/02/2018
|
| 125 |
|
|
IRIS MEDIAWORKS LTD.
(CIN:L92412MH1992PLC067841
PAN:AAACB4506D)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 23/08/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT AS EXPEDITIOUSLY AS POSSIBLE AND IN ANY EVENT WITHIN A PERIOD OF THREE WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 12/09/2017 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES 1) TRADING IN SECURITIES OF IML SHALL BE REVERTED TO XT GROUP OF BSE WITH APPLICABLE PRICE BAND IN TRADE TO TRADE CATEGORY 2) EXCHANGE SHALL APPOINT AN INDEPENDENT AUDITOR TO CONDUCT FORENSIC AUDIT OF IML FOR VERIFICATION, INCLUDING CREDENTIALS/FINANCIALS OF IML 3) PROMOTERS AND DIRECTORS IN IML ARE PERMITTED ONLY TO BUY THE SECURITIES OF IML. THE SHARES HELD BY PROMOTERS AND DIRECTORS IN IML SHALL NOT BE ALLOWED TO BE TRANSFERRED FOR SALE, BY DEPOSITORIES 4) THE OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1 (D), AS MAY BE APPLICABLE, AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST IRIS MEDIAWORKS LTD. DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 126 |
|
|
J.J.SPECTRUM SILK LTD.
(CIN:L17122WB1994PLC065015)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
|
| 127 |
|
|
J.KUMAR INFRAPROJECTS LTD.
(CIN:L74210MH1999PLC122886)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 10/08/2017 STAYED THE OPINION OF SEBI WHICH WAS COMMUNICATED VIDE IT’S IMPUGNED COMMUNICATION DATED 07/08/2017 THAT THE APPELLANTS ARE ‘SUSPECTED SHELL COMPANIES’ AND DIRECTED TO BSE AND NSE TO REVERSE THEIR DECEISIONS BOTH DATED 07/08/2017
SAT: SAT VIDE ITS ORDER DATED 11/08/2017 DISPOSED OFF THE EX-PARTE COMMUNICATION OF SEBI DATED 07/08/2017 AS THE SEBI/STOCK EXCHANGES ARE CONSIDERING THE REPRESENTATION OF THE APPELLANTS. NO COSTS
|
| 128 |
|
|
JACKSON INVESTMENTS LTD.
(CIN:L65993WB1982PLC035211
PAN:AAACJ7612E)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
BSE VIDE ITS NOTICE DATED 19/02/2018 DIRECTED THAT THE 1) TRADING IN SECURITIES SHALL BE REVERTED TO THE STATUS AS IT STOOD PRIOR TO ISSUANCE OF SEBI LETTER DATED 07/08/2017, EFFECTIVE FROM 20/02/2018 2) INDEPENDENT AUDITOR SHALL BE APPOINTED TO CONDUCT FORENSIC AUDIT OF COMPANY FOR VERIFICATION, INCLUDING CREDENTIALS / FINANCIALS OF THE COMPANY 3) PERMITTED PROMOTERS AND DIRECTORS TO BUY THE SECURITIES OF THE COMPANY AND SHALL NOT SELL THEIR EXISTING HOLDING IN THE COMPANY
BSE VIDE ITS NOTICE DATED 11/03/2020 DIRECTED THAT SECURITIES OF THE COMPANY TO BE PLACED UNDER STAGE VI OF GSM FRAMEWORK IN ACCORDANCE WITH EXCHANGE NOTICE DATED 29/10/2018 EFFECTIVE FROM 12/03/2020
|
| 129 |
|
|
JAGJANANI TEXTILES LTD.
(CIN:L17124RJ1997PLC013498
PAN:AAACJ6739Q)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
BSE VIDE ITS NOTICE DATED 19/03/2018 DIRECTED THAT THE 1) TRADING IN SECURITIES SHALL BE REVERTED TO THE STATUS AS IT STOOD PRIOR TO ISSUANCE OF SEBI LETTER DATED 07/08/2017, EFFECTIVE FROM 20/03/2018 2) INDEPENDENT AUDITOR SHALL BE APPOINTED TO CONDUCT FORENSIC AUDIT OF COMPANY FOR VERIFICATION, INCLUDING CREDENTIALS / FINANCIALS OF THE COMPANY 3) PERMITTED PROMOTERS AND DIRECTORS TO BUY THE SECURITIES OF THE COMPANY AND SHALL NOT SELL THEIR EXISTING HOLDING IN THE COMPANY
BSE VIDE ITS NOTICE DATED 18/08/2022 DIRECTED TO MOVE OUT OF ‘’STAGE 3’’ OF GSM FRAMEWORK AND REVOKED W.E.F. 19/08/2022
|
| 130 |
|
|
JAI MATA GLASS LTD.
(CIN:L26101HP1981PLC004430
PAN:AAACJ3873F)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 29/08/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT AS EXPEDITIOUSLY AS POSSIBLE AND IN ANY EVENT WITHIN A PERIOD OF FOUR WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 26/09/2017 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES A) TRADING IN SECURITIES OF JMGL SHALL BE REVERTED TO THE STATUS AS IT STOOD TO PRIOR TO ISSUANCE OF LETTER DATED 07/08/2017 BY SEBI B) STOCK EXCHANGE SHALL APPOINT AN INDEPENDENT AUDITOR TO CONDUCT FORENSIC AUDIT OF JMGL FOR VERIFICATION, INCLUDING THE CREDENTIALS/ FINANCIALS OF JMGL AND TO TRACE THE END-USE OF PROCEEDS OF SALE OF LAND BY JMGL C) THE LIMITATION ON THE TRANSFER OF SHARES HELD BY THE PROMOTERS AND DIRECTORS AS MENTIONED IN PARA 1(B) OF SEBI’S LETTER DATED 07/08/2017 REMOVED D) THE OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1(D) AS MAY BE APPLICABLE AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST JAI MATA GLASS LTD. DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 131 |
|
|
JAISUKH DEALERS LTD.
(CIN:L65100WB2005PLC101510
PAN:AABCJ7808H)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 13/09/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT AS EXPEDITIOUSLY AS POSSIBLE AND IN ANY EVENT WITHIN A PERIOD OF FOUR WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 11/10/2017 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES 1) TRADING IN SECURITIES OF JDL SHALL BE REVERTED TO THE STATUS AS IT STOOD PRIOR TO ISSUANCE OF LETTER DATED 07/08/2017 BY SEBI 2) STOCK EXCHANGE SHALL APPOINT AN FORENSIC AUDITOR INTER ALIA TO FURTHER VERIFY A) MISREPRESENTATION INCLUDING OF FINANCIALS AND/OR BUSINESS OF JDL, IF ANY B) MISUSE OF THE BOOKS OF ACCOUNTS/FUNDS INCLUDING FACILITATION OF ACCOMMODATION ENTRIES, IF ANY 3) THE PROMOTERS AND DIRECTORS IN JDL ARE PERMITTED ONLY TO BUY THE SECURITIES OF JDL. THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN JDL SHALL NOT BE ALLOWED TO BE TRANSFERRED FOR SALE BY DEPOSITORIES 4) THE OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1 (D), AS MAY BE APPLICABLE, AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST JAISUKH DEALERS LTD. DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 132 |
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JALAN CEMENT WORKS LTD.
(CIN:L65923WB1972PLC028322
PAN:AAACJ6788R)
|
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DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 15/09/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT AS EXPEDITIOUSLY AS POSSIBLE AND IN ANY EVENT WITHIN A PERIOD OF FOUR WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 13/10/2017 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES 1) TRADING IN SECURITIES OF JCWL SHALL BE REVERTED TO THE STATUS AS IT STOOD PRIOR TO ISSUANCE OF LETTER DATED 07/08/2017 BY SEBI 2) STOCK EXCHANGE SHALL APPOINT AN INDEPENDENT FORENSIC AUDITOR INTER ALIA TO FURTHER VERIFY A) MISREPRESENTATION INCLUDING OF FINANCIALS AND/OR BUSINESS OF JCWL, IF ANY B) MISUSE OF THE BOOKS OF ACCOUNTS/FUNDS INCLUDING FACILITATION OF ACCOMMODATION ENTRIES, IF ANY 3) THE LIMITATION ON THE TRANSFER OF SHARES HELD BY THE PROMOTERS AND DIRECTORS OF JCWL AS MENTIONED IN PARA 1(B) OF SEBI’S LETTER DATED 07/08/2017 IS REMOVED 4) THE OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1(D), AS MAY BE APPLICABLE, AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST JALAN CEMENT WORKS LTD. DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 133 |
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JAYSURYA GASES LTD.
(PAN:AAACJ9797N)
|
|
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DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 11/08/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT. NO COSTS
SEBI VIDE ITS ORDER DATED 04/09/2017 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES 1) TRADING IN SECURITIES OF KIL SHALL BE REVERTED TO XT GROUP OF BSE WITH APPLICABLE PRICE BAND IN TRADE TO TRADE CATEGORY. EXCHANGE SHALL APPOINT AN INDEPENDENT AUDITOR TO CONDUCT FORENSIC AUDIT OF KIL FOR VERIFICATION, INCLUDING CREDENTIALS/FINANCIALS OF KIL 2) PROMOTERS AND DIRECTORS IN KIL ARE PERMITTED ONLY TO BUY THE SECURITIES OF KIL. SHARES HELD BY PROMOTERS AND DIRECTORS IN KIL SHALL NOT BE ALLOWED TO BE TRANSFERRED FOR SALE, BY DEPOSITORIES 3) OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1 (D), AS MAY BE APPLICABLE, AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST KAVIT INDUSTRIES LTD. THESE DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 134 |
|
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JCT ELECTRONICS LTD.
(PAN:AAACJ4084A
CIN:L32109PB1976PLC003680)
|
|
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DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
|
| 135 |
|
|
JIK INDUSTRIES LTD.
(PAN:AABCJ2982J
CIN:L65990MH1990PLC056475)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 30/05/2018 DISPOSED OFF THE APPEAL AND DIRECTED TO COMPLETE FORENSIC AUDIT AS EXPEDITIOUSLY AS POSSIBLE. NO COSTS
BSE VIDE ITS NOTICE DATED 20/04/2022 REVOKED THE ACTIONS ENVISAGED INSEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES AGAINST THE COMPANIES, ITS PROMOTERS AND DIRECTORS
|
| 136 |
|
|
JMD ALLOYS LTD.
(PAN:AAACJ7070J
CIN:L27200BR1994PLC005961)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 11/04/2018 DISPOSED OFF THE APPEAL AND DIRECTED BSE AND SEBI TO DISPOSE OFF THE REPRESENTATION MADE BY THE APPELLANT ON 23/08/2017 AS EXPEDITIOUSLTY AS POSSIBLE. NO COSTS
|
| 137 |
|
|
JMD VENTURES LTD.
(CIN:033180
PAN:AAACA4340C)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
SAT: SAT VIDE ITS ORDER DATED 24/08/2017 DIRECTED SEBI TO DISPOSE OFF REPRESENTATION OF THE APPELLANT AS EXPEDITIOUSLY AS POSSIBLE AND IN ANY EVENT WITHIN A PERIOD OF THREE WEEKS FROM THE DATE OF THIS ORDER. NO COSTS
SEBI VIDE ITS ORDER DATED 14/09/2017 MODIFIED THE ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 AND CONSEQUENTIAL ACTIONS TAKEN BY STOCK EXCHANGES 1) TRADING IN SECURITIES OF JMD VENTURES LTD. SHALL BE REVERTED TO AS IT STOOD PRIOR TO ISSUANCE OF LETTER DATED 07/08/2017 BY SEBI 2) EXCHANGE SHALL APPOINT AN INDEPENDENT AUDITOR INTERALIA TO FURTHER VERYFY: A) MISREPRESENTATION INCLUDING OF FINANCIALS AND/OR BUSINESS OF JMD VENTURES LTD. B) MISUSE OF THE BOOKS OF ACCOUNTS / FUNDS INCLUDING FACILITATION OF ACCOMMODATION ENTRIES 3) PROMOTERS AND DIRECTORS IN JMD VENTURES LTD. ARE PERMITTED ONLY TO BUY THE SECURITIES OF JMD VENTURES LTD. THE SHARES HELD BY PROMOTERS AND DIRECTORS IN JMD VENTURES LTD. SHALL NOT BE ALLOWED TO BE TRANSFERRED FOR SALE, BY DEPOSITORIES 4) THE OTHER ACTIONS ENVISAGED IN SEBI’S LETTER DATED 07/08/2017 IN PARA 1 (D), AS MAY BE APPLICABLE, AND THE CONSEQUENTIAL ACTION TAKEN BY STOCK EXCHANGES SHALL CONTINUE TO HAVE EFFECT AGAINST JMD VENTURES LTD. DIRECTIONS SHALL TAKE EFFECT IMMEDIATELY AND SHALL BE IN FORCE UNTIL FURTHER ORDERS
|
| 138 |
|
|
KALPATARU ENGINEERING LTD.
(PAN:AABCK1330K
CIN:L27104WB1980PLC033133)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
|
| 139 |
|
|
KARMA INDUSTRIES LTD.
(CIN:L51900MH1977PLC019837
PAN:AAACS7557H)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
|
| 140 |
|
|
KAUSHAL INVESTMENTS LTD.
(PAN:AABCK2241F
CIN:L65993WB1981PLC033363)
|
|
|
DID NOT ADHERE TO SEBI LAWS/REGULATIONS
|
DIRECTED TRADING MEMBERS TO DO THE DUE DILIGENCE ON THE BASIS OF AUDITOR’S CERTIFICATE ALONG WITH THE DOCUMENTS, AS MENTIONED IN THE ORDER AND SUBMIT A REPORT TO THE EXCHANGE BY AUGUST 31, 2017
DIRECTED THAT THE TRADING IN ALL SUCH LISTED SECURITIES SHALL BE PLACED IN STAGE VI OF THE GRADED SURVEILLANCE MEASURE (GSM) WITH IMMEDIATE EFFECT. IF ANY LISTED COMPANY OUT OF THE SAID LIST IS ALREADY IDENTIFIED UNDER ANY STAGE OF GSM, IT SHALL ALSO BE MOVED TO GSM STAGE VI DIRECTLY
DIRECTED THAT THE SHARES HELD BY THE PROMOTERS AND DIRECTORS IN SUCH LISTED COMPANIES SHALL BE ALLOWED TO BE TRANSFERRED BY DEPOSITORIES ONLY UPON VERIFICATION BY CONCERNED EXCHANGES AND THEY SHALL NOT BE ALLOWED TO TRANSACT IN THE SECURITY EXCEPT TO BUY SECURITIES IN THE SAID LISTED COMPANY UNTIL VERIFICATION OF CREDENTIAL / FUNDAMENTAL BY EXCHANGES IS COMPLETED
DIRECTED EXCHANGES TO INITIATE A PROCESS OF VERIFYING THE CREDENTIALS/FUNDAMENTALS OF SUCH COMPANIES ON VERIFICATION, IF EXCHANGES DO NOT FIND APPROPRIATE CREDENTIALS / FUNDAMENTALS ABOUT EXISTENCE OF THE COMPANY, EXCHANGES SHALL INITIATE THE PROCEEDING FOR COMPULSORY DELISTING AGAINST THE COMPANY, AND THE SAID COMPANY SHALL NOT BE PERMITTED TO DEAL IN ANY SECURITY ON EXCHANGE PLATFORM AND ITS HOLDING IN ANY DEPOSITORY ACCOUNT SHALL BE FROZEN TILL SUCH DELISTING PROCESS IS COMPLETED
07-AUG-2017
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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| Page 7 of 16
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