February 03, 2000
PR No. 31/2000
Action in respect of companies not complying with the listing agreement and not physically traceable at the registered address mentioned in the offer document.
SEBI today has issued 11B orders in respect of 8 companies and 74 directors prohibiting them from entering into the capital market for a period of 5 years.
With these orders SEBI has so far issued 11B orders in respect of 57 companies and 216 directors prohibiting them from associating in every respect from the capital market activities, not to deal in securities, not to access the capital market, and not be or be associated with any of the intermediaries in the capital market for a period of 5 years.
Department of Company Affairs have also initiated action in terms of the provisions of the Companies Act, 1956 against these companies. Prosecution for non-filing of information in respect of 93 companies, prosecution under Section 209 A of the Companies Act in respect of 54 companies. Further action by the Department of Company Affairs in terms of the provisions of the Companies Act, 1956 are in progress.
In addition to the joint action by SEBI and Department of Company Affairs, it has been decided to refer these cases to respective State Government also for action where cheating or fraud is observed. It may be stated here that these penal actions for which the State Governments are being approached both by SEBI and Department of Company Affairs is in addition to the penal action taken/ proposed to be initiated by the Department of Company Affairs. This was done because in the Co-ordination and Monitoring Committee comprising SEBI and Department of Company Affairs officials it was felt that fraud and cheating are the offences under the Indian Penal Code and could have been dealt only by the police Authorities of the respective State Governments. Besides punishment under the offences are far more severe.
SEBI has sought information from the investors about vanishing companies. SEBI has also issued public notice inviting information from the investors also. The companies referred by the investors are under scrutiny and action in terms of the provisions of the SEBI Act and the Companies Act, 1956 would be initiated once the identification process is completed.
NAMES AND ADDRESSES OF DIRECTORS AGAINST WHOM 11B ORDERS ARE TO BE ISSUED
Bafna Spinning Mills Ltd
B Nagabhushanam, Director,
95 D, Sowbhagya Colony, KK Nagar, Chennai 600078
R Sudheendra, Technical Director,
Bafna House, 34, Oppannakara Street, Coimbatore 641001
Canara Credit Ltd
Kushal Kumar Kankaria, Director,
5-9-777, Gun Foundry Hyderabad
Srinivas Alamuri, Director,
12-2-417/39, Saradha Nagar, Mehdi Pattnam, Hyderabad 500267
Cauvery Software Engg Systems Ltd S M Shroff, 812,
Raheja Centre, Nariman Point, Mumbai:
V Chandrasekhar, 4th Floor, Gaqlav Chambers, Sayajigunj, Baroda - 390 005
Crestworld Marine Ltd
Md. Faiz Kasam Sait, Chairman,
AG-238/9, Shilok Apts, Anna Nagar, Chennai - 40.
Md Azhar, Managing Director,
AG - 238 / 3, Shilok Apts, Anna Nagar, Chennai - 40
Roy Verghese, Jt, M.D.
Ag - 238/3, Shilok Apts, Anna Nagar, Chennai - 40
Deccan Petroleums Ltd
K S Shetty, Nominee Director of IFCI, 8th Floor, Taramandal Hyderabad - 4.
Sripriya Varadharajan,
31, Venkaresa Agraharam, Mylapore, Chennai - 4
Subadra Sampath,
H NO 3-6-100, B/1, West Marredpalli, Secunderabad - 26.
Gopalan Sampath, H NO 3-6-100,
B/1, West Marredpalli, Secunderabad - 26.
Elektro Flames Ltd
C Parthasarathy, 8-2-540/2, Banjara Hills, Hyderabad
Shyam Sunder Gupta,
Managing Director, 8-2-589/11, Road No 8, Banjara Hills, Hyderabad
Flora Wall Coverings Ltd
MSA Aleem, Director,
36, Decosta Square, II Cross, Bangalore 560036
S Devi Prasad, Alternate Director to Mr.Fillipo Uecher,
No.4112, 14th Main (I Main) B Block, Rajaji Nagar, Bangalore 560010
Fillipo Uecher, Director,
EMMEPI s.r.l. Via per Muzzano
13055 OCCHIEPPO, INFERIORE VC, ITALY
Global Exhibitions Ltd
Gadde Shivaramaprasad, MD,
12-2-39/7, Mehdipatnam, Hyderabad
J Gopalakrishna Murthy, Director,
4-46-11, Pedda Waltair Junction, Vishakapatnam- 17
Dr.Yalamanchi Sadashivarao, Director,
Diabetic Care Centre, Venkatrathnam Street, Suryaraopet, Vijayawada
G Satyanarayana, Director,
27-12-20, Ali Beig Street, Governorpet, Vijayawada-2
Murlidhar Gullapalli, Director,
6-3-609/173, Anandnagar Colony,, Khairathabad, Hyderabad 500483
Global Property Ltd
N Mohanraj, Director, 593, DB Road, RS Puram, Coimbatore -2
Uma Maheshwar Srinivasan, Director,
BJORKHAGA Dannas, 330-12, Forsheda, SWEDEN
Kayesvee Educations Ltd
KS Varadharajan, Chairman,
67-8, Bridge View Apts, Kodambakkam High Road, T Nagar, Chennai - 17
KV Bhaskar, Director,
67-8, Bridge View Apts, Kodambakkam High Road, T Nagar, Chennai - 17
KV Chandrasekhar, Director,
67-8, Bridge View Apts, Kodambakkam High Road, T Nagar, Chennai - 17
Ma Capital Services Ltd
Dileep Krishna, Director,
F-4, Century Anchorage, 4th Seaward Road, Valmiki Nagar, Chennai 41
Nagarjuna Jiyo Marines Ltd R K Agarwal, Chairman,
B-32, Karthikeyan Salai, Periyar Nagar, Chennai -- 600 072
S Nagarjuna Rao, Director,
B-32, Karthikeyan Salai, Periyar Nagar, Chennai - 600 072
Nova Electro Magnetics Ltd
Major Sarovar Anand Puri,
19 A, Jungpura Extn, New Delhi
V K Shakuja,
C 4E/28, LIC Flats, Janak Puri, New Delhi-110058
Ocean Knits Ltd
Prem Bajaj, Whole Time Director,
535, 8 A Main, IV Block, Koramangala, Bangalore - 560 034
Sadhuram P Patel Director,
P O Box NO: 2101, Dubai, UAE.
Prakash Ahuja, Director,
643 4th Cross, III Block, Koramangala, Bangalore - 560 034
R Kannan, Director,
543, 6th A Main, III Block, Koramangala, Bangalore - 560 034
Panggo Exports Ltd
V Anna Durai,
13/5, Chakrapani Street, Extn, West Mambalam, Chennai - 600 033
S A Ganesan,
29, Chakrapani Street, West Mambalam, Chennai - 600 033
Mukul Daga,
63, Bhaiya Complex, Purasawalkam High Road, Chennai - 600 007
Prism Foods Ltd
M Ravindra, MD,
Pallavi Estate, Srinagar Colony, Hyderabad 500873
M Nagapadma, Director,
Pallavi Estate, Srinagar Colony Hyderabad 500873
Rank Aqua Estates Ltd
Somapalli Jayadev, MD,
Plot No.105, Road No.1, Jubilee Hills, Hyderabad 34
Kanneganthi Srinivasa Rao,
Director,
310/2RT, Vijayanagar Colony, Hyderabad 500452
DV Ramesh, Director,
Flat No.203, Shettypalli Apts, Road No.6, Himayath Nagar, Hyderabad
Sai Gruha Finances & Engineering Ltd.
Ramesh Sai Kumar,
My Home Hill View Apts, B-304, Somajiguda, Hyderabad
A Krishna Kumar,
Plot No: 8, Krishnareddy Nagar, Above U B I New Bowanpally, Secunderabad - 11
V V Narayana,
Chilakaluripet Road, Narasaraopet, Guntur Dt., A P
A Vasanta Kumari,
Plot No:8, Krishnareddy Nagar, Above U B I New Bowanpally, Secunderabad - 11
San Geo Services Ltd.
B Aravind, Managing Director, 2, Budha Street, Rangarajapuram, Chennai - 600 024
Ratanpaul, Directror,
407, R N Guha Road, Dum Dum, Calcutta - 700 074
S B Nalla Mala,
Director, 4153, Alistair Road, Winston Salem North Corolina, USA - 27104
Rama Devi,
Director, 2, Budha Street, Rangarajapuram, Chennai - 600 024
Shakthi Sai Flowers & Tissues Ltd
Sheik Ismail
6-3-563/A/1, Erramanzil Colony, Hyderabad
Ch. Nageswar Rao,
Flat NO: G -1, Sri Sai Apartments, Erramanzil Colony, Hyderabad
B Venkat Rao,
1-8-27/14/A/7, Chikkadpally, Hyderabad
Southern Herbals Ltd
K S S Rajan, Managing Director,
85-86, BHCS/BTM II Stage, II Cross, III Main, Banerghatta Road, Bangalore-560 076
K S N Murthy, Jt. Managing Director,
85-86, BHCS/BTM II Stage, II Cross, III Main, Banerghatta Road, Bangalore-76
Smt L B C Prabha,
85-86, BHCS/BTM II Stage, II Cross, III Main, Banerghatta Road, Bangalore-560 076
SSP Polymer Industries Ltd
N S S Prasad,
55, Sudha Nagar Colony, Old Safilguda, R K Puram Post, Hyderabad - 500 556
Venkatachalam Iyer,
Flat NO:103, I Floor, Shree Hayagriva Complex, St John's Road, Secunderabad- 25
Suraj Stone Corporation LTd.
DK Nahatha, Chairman,
196, Old China Bazar Street, Calcutta 700001
Jagat Singh Dugar, MD,
36/3, South End Park, Calcutta 29
L Nowalkha, Executive Director,
13/1, 12th Main Road, Vijaya Nagar, Bangalore
Shashank Jain, Director,
J-56, Sector 25, Noida, UP 201301
Naresh Kumar Bhargawa, Director,
417, Mahaveer Nagar, Tonk Road, Jaipur
P Gopalakrishna, Director,
292/5, Bally Court, Anna Nagar, Chennai 40
KK Garg, Director,
C-15, Bali Nagar, New Delhi-15
AK Chakravarthy, Director, 28A, Gariahat Road, Calcutta 29
Vini Meta Spin Steels Ltd
G Vijayakumar, Director,
1-9-327, Vidhya Nagar, Hyderabad
Vision Technology India Ltd.
VS Ranga, Chairman,
110 Kengal Hanumanthiya Road, Bangalore 560027
BR Vasanth, MD,
110 Kengal Hanumanthiya Road, Bangalore 560027
BR Shamala,
110 Kengal Hanumanthiya Road, Bangalore 560027
H Krishnan,
Director, 53, Swarna Chapel Lane, Santacruz West, Mumbai 54
Courtesy:
http://www.watchoutinvestors.in/Press_Release/sebi/2000031.asp
PR No. 31/2000
Action in respect of companies not complying with the listing agreement and not physically traceable at the registered address mentioned in the offer document.
SEBI today has issued 11B orders in respect of 8 companies and 74 directors prohibiting them from entering into the capital market for a period of 5 years.
With these orders SEBI has so far issued 11B orders in respect of 57 companies and 216 directors prohibiting them from associating in every respect from the capital market activities, not to deal in securities, not to access the capital market, and not be or be associated with any of the intermediaries in the capital market for a period of 5 years.
Department of Company Affairs have also initiated action in terms of the provisions of the Companies Act, 1956 against these companies. Prosecution for non-filing of information in respect of 93 companies, prosecution under Section 209 A of the Companies Act in respect of 54 companies. Further action by the Department of Company Affairs in terms of the provisions of the Companies Act, 1956 are in progress.
In addition to the joint action by SEBI and Department of Company Affairs, it has been decided to refer these cases to respective State Government also for action where cheating or fraud is observed. It may be stated here that these penal actions for which the State Governments are being approached both by SEBI and Department of Company Affairs is in addition to the penal action taken/ proposed to be initiated by the Department of Company Affairs. This was done because in the Co-ordination and Monitoring Committee comprising SEBI and Department of Company Affairs officials it was felt that fraud and cheating are the offences under the Indian Penal Code and could have been dealt only by the police Authorities of the respective State Governments. Besides punishment under the offences are far more severe.
SEBI has sought information from the investors about vanishing companies. SEBI has also issued public notice inviting information from the investors also. The companies referred by the investors are under scrutiny and action in terms of the provisions of the SEBI Act and the Companies Act, 1956 would be initiated once the identification process is completed.
NAMES AND ADDRESSES OF DIRECTORS AGAINST WHOM 11B ORDERS ARE TO BE ISSUED
Bafna Spinning Mills Ltd
B Nagabhushanam, Director,
95 D, Sowbhagya Colony, KK Nagar, Chennai 600078
R Sudheendra, Technical Director,
Bafna House, 34, Oppannakara Street, Coimbatore 641001
Canara Credit Ltd
Kushal Kumar Kankaria, Director,
5-9-777, Gun Foundry Hyderabad
Srinivas Alamuri, Director,
12-2-417/39, Saradha Nagar, Mehdi Pattnam, Hyderabad 500267
Cauvery Software Engg Systems Ltd S M Shroff, 812,
Raheja Centre, Nariman Point, Mumbai:
V Chandrasekhar, 4th Floor, Gaqlav Chambers, Sayajigunj, Baroda - 390 005
Crestworld Marine Ltd
Md. Faiz Kasam Sait, Chairman,
AG-238/9, Shilok Apts, Anna Nagar, Chennai - 40.
Md Azhar, Managing Director,
AG - 238 / 3, Shilok Apts, Anna Nagar, Chennai - 40
Roy Verghese, Jt, M.D.
Ag - 238/3, Shilok Apts, Anna Nagar, Chennai - 40
Deccan Petroleums Ltd
K S Shetty, Nominee Director of IFCI, 8th Floor, Taramandal Hyderabad - 4.
Sripriya Varadharajan,
31, Venkaresa Agraharam, Mylapore, Chennai - 4
Subadra Sampath,
H NO 3-6-100, B/1, West Marredpalli, Secunderabad - 26.
Gopalan Sampath, H NO 3-6-100,
B/1, West Marredpalli, Secunderabad - 26.
Elektro Flames Ltd
C Parthasarathy, 8-2-540/2, Banjara Hills, Hyderabad
Shyam Sunder Gupta,
Managing Director, 8-2-589/11, Road No 8, Banjara Hills, Hyderabad
Flora Wall Coverings Ltd
MSA Aleem, Director,
36, Decosta Square, II Cross, Bangalore 560036
S Devi Prasad, Alternate Director to Mr.Fillipo Uecher,
No.4112, 14th Main (I Main) B Block, Rajaji Nagar, Bangalore 560010
Fillipo Uecher, Director,
EMMEPI s.r.l. Via per Muzzano
13055 OCCHIEPPO, INFERIORE VC, ITALY
Global Exhibitions Ltd
Gadde Shivaramaprasad, MD,
12-2-39/7, Mehdipatnam, Hyderabad
J Gopalakrishna Murthy, Director,
4-46-11, Pedda Waltair Junction, Vishakapatnam- 17
Dr.Yalamanchi Sadashivarao, Director,
Diabetic Care Centre, Venkatrathnam Street, Suryaraopet, Vijayawada
G Satyanarayana, Director,
27-12-20, Ali Beig Street, Governorpet, Vijayawada-2
Murlidhar Gullapalli, Director,
6-3-609/173, Anandnagar Colony,, Khairathabad, Hyderabad 500483
Global Property Ltd
N Mohanraj, Director, 593, DB Road, RS Puram, Coimbatore -2
Uma Maheshwar Srinivasan, Director,
BJORKHAGA Dannas, 330-12, Forsheda, SWEDEN
Kayesvee Educations Ltd
KS Varadharajan, Chairman,
67-8, Bridge View Apts, Kodambakkam High Road, T Nagar, Chennai - 17
KV Bhaskar, Director,
67-8, Bridge View Apts, Kodambakkam High Road, T Nagar, Chennai - 17
KV Chandrasekhar, Director,
67-8, Bridge View Apts, Kodambakkam High Road, T Nagar, Chennai - 17
Ma Capital Services Ltd
Dileep Krishna, Director,
F-4, Century Anchorage, 4th Seaward Road, Valmiki Nagar, Chennai 41
Nagarjuna Jiyo Marines Ltd R K Agarwal, Chairman,
B-32, Karthikeyan Salai, Periyar Nagar, Chennai -- 600 072
S Nagarjuna Rao, Director,
B-32, Karthikeyan Salai, Periyar Nagar, Chennai - 600 072
Nova Electro Magnetics Ltd
Major Sarovar Anand Puri,
19 A, Jungpura Extn, New Delhi
V K Shakuja,
C 4E/28, LIC Flats, Janak Puri, New Delhi-110058
Ocean Knits Ltd
Prem Bajaj, Whole Time Director,
535, 8 A Main, IV Block, Koramangala, Bangalore - 560 034
Sadhuram P Patel Director,
P O Box NO: 2101, Dubai, UAE.
Prakash Ahuja, Director,
643 4th Cross, III Block, Koramangala, Bangalore - 560 034
R Kannan, Director,
543, 6th A Main, III Block, Koramangala, Bangalore - 560 034
Panggo Exports Ltd
V Anna Durai,
13/5, Chakrapani Street, Extn, West Mambalam, Chennai - 600 033
S A Ganesan,
29, Chakrapani Street, West Mambalam, Chennai - 600 033
Mukul Daga,
63, Bhaiya Complex, Purasawalkam High Road, Chennai - 600 007
Prism Foods Ltd
M Ravindra, MD,
Pallavi Estate, Srinagar Colony, Hyderabad 500873
M Nagapadma, Director,
Pallavi Estate, Srinagar Colony Hyderabad 500873
Rank Aqua Estates Ltd
Somapalli Jayadev, MD,
Plot No.105, Road No.1, Jubilee Hills, Hyderabad 34
Kanneganthi Srinivasa Rao,
Director,
310/2RT, Vijayanagar Colony, Hyderabad 500452
DV Ramesh, Director,
Flat No.203, Shettypalli Apts, Road No.6, Himayath Nagar, Hyderabad
Sai Gruha Finances & Engineering Ltd.
Ramesh Sai Kumar,
My Home Hill View Apts, B-304, Somajiguda, Hyderabad
A Krishna Kumar,
Plot No: 8, Krishnareddy Nagar, Above U B I New Bowanpally, Secunderabad - 11
V V Narayana,
Chilakaluripet Road, Narasaraopet, Guntur Dt., A P
A Vasanta Kumari,
Plot No:8, Krishnareddy Nagar, Above U B I New Bowanpally, Secunderabad - 11
San Geo Services Ltd.
B Aravind, Managing Director, 2, Budha Street, Rangarajapuram, Chennai - 600 024
Ratanpaul, Directror,
407, R N Guha Road, Dum Dum, Calcutta - 700 074
S B Nalla Mala,
Director, 4153, Alistair Road, Winston Salem North Corolina, USA - 27104
Rama Devi,
Director, 2, Budha Street, Rangarajapuram, Chennai - 600 024
Shakthi Sai Flowers & Tissues Ltd
Sheik Ismail
6-3-563/A/1, Erramanzil Colony, Hyderabad
Ch. Nageswar Rao,
Flat NO: G -1, Sri Sai Apartments, Erramanzil Colony, Hyderabad
B Venkat Rao,
1-8-27/14/A/7, Chikkadpally, Hyderabad
Southern Herbals Ltd
K S S Rajan, Managing Director,
85-86, BHCS/BTM II Stage, II Cross, III Main, Banerghatta Road, Bangalore-560 076
K S N Murthy, Jt. Managing Director,
85-86, BHCS/BTM II Stage, II Cross, III Main, Banerghatta Road, Bangalore-76
Smt L B C Prabha,
85-86, BHCS/BTM II Stage, II Cross, III Main, Banerghatta Road, Bangalore-560 076
SSP Polymer Industries Ltd
N S S Prasad,
55, Sudha Nagar Colony, Old Safilguda, R K Puram Post, Hyderabad - 500 556
Venkatachalam Iyer,
Flat NO:103, I Floor, Shree Hayagriva Complex, St John's Road, Secunderabad- 25
Suraj Stone Corporation LTd.
DK Nahatha, Chairman,
196, Old China Bazar Street, Calcutta 700001
Jagat Singh Dugar, MD,
36/3, South End Park, Calcutta 29
L Nowalkha, Executive Director,
13/1, 12th Main Road, Vijaya Nagar, Bangalore
Shashank Jain, Director,
J-56, Sector 25, Noida, UP 201301
Naresh Kumar Bhargawa, Director,
417, Mahaveer Nagar, Tonk Road, Jaipur
P Gopalakrishna, Director,
292/5, Bally Court, Anna Nagar, Chennai 40
KK Garg, Director,
C-15, Bali Nagar, New Delhi-15
AK Chakravarthy, Director, 28A, Gariahat Road, Calcutta 29
Vini Meta Spin Steels Ltd
G Vijayakumar, Director,
1-9-327, Vidhya Nagar, Hyderabad
Vision Technology India Ltd.
VS Ranga, Chairman,
110 Kengal Hanumanthiya Road, Bangalore 560027
BR Vasanth, MD,
110 Kengal Hanumanthiya Road, Bangalore 560027
BR Shamala,
110 Kengal Hanumanthiya Road, Bangalore 560027
H Krishnan,
Director, 53, Swarna Chapel Lane, Santacruz West, Mumbai 54
Courtesy:
http://www.watchoutinvestors.in/Press_Release/sebi/2000031.asp
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