SEBI restrained 34 Persons from accessing capital market for Synchronized Trading

TG Team 11 Sep 2013 549 Views 0 comment Print SEBI | Notifications/Circulars, Press Releases

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SEBI passes final order in the matter of Synchronized Trading by the connected persons in various scrips

PR No. 83/2013

Shri S Raman, Whole Time Member, SEBI has passed an order dated September 6, 2013, in the matter of synchronized trading by connected persons and issued directions restraining from accessing the capital market and prohibiting from buying, selling or otherwise dealing in the securities market, directly or indirectly, for a period mentioned against the entities..

S.NO	Name of the entity	Period of debarment
1	Sunil Mehta	7 years
2	Anjana Mehta	5 years
3	Jitendra Jain
4	Hemlata Hankare
5	Ajay Roongta
6	Bharat Jain
7	Suresh Hanswal
8	Praveen Gate
9	Manish Mathur
10	Bhavesh Kothari
11	Rakesh Jain
12	Bhavesh Jain
13	Naresh Rajawat
14	Hitesh Jain
15	Usha Mehta	3 years
16	Seema Mathur
17	Devendra Rai
18	Renu Paliwal
19	Rashmi Gandhi
20	Ramesh Gandhi
21	Hasmukh Jain HUF
22	Pawanben Jain
23	Reeta Rajawat
24	Kunal Kothari
25	Sweta Kothari
26	Shobha Kothari
27	Neela Khicha
28	Namita Khicha,
29	Kamlesh Jain HUF
30	Vinay Kothari
31	Pradeep Kothari
32	Sitanshu Nanawati
33	Shaikh Jainuddin
34	Meena Rajawat

The period of debarment already undergone by the noticees in terms of the earlier Orders dated February 20, 2010 and May 27, 2011 of the Securities and Exchange Board of India passed in the matter shall be taken into account while computing the said periods of debarment ordered above.

The directions issued against Alpesh Rajmal Shah, HUF (PAN AAMHS6375L) and Anil Rajmal Shah, HUF (PAN AAGHA1506F) vide interim order dated February 20, 2010 and confirmatory order dated October 6, 2010 shall not continue against them.
The full text of the order is available on SEBI web-site www.sebi.gov.in.MumbaiSeptember 11, 2013