SEBI prohibits nine entities from dealing in market

By Staff
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Google Oneindia News

Mumbai, Aug 28 (UNI) Securities and Exchange Board of India (SEBI) has probited nine capital market entities from dealing in the market for a period of five years.

These entities have been found guilty of violating SEBI regulations 3 and 6 (c) (prohibuition of fradulent and unfair trade practices relating to Securities Makret Regulation,1995) in the matter of Gujarat Texpin Ltd.

The nine entities are: Gujarat Texspin and its directors Taufik Haji Gaffar, Tarik Haji Gaffar, Jivrajbhai M Patel and Mr Mukund Krishnaswami Rao, Ferrari Textiles and its director Tohid Hazi Gaffar, Atul Ratilal Shah and Neerav Bhagat, proprietor of D K Consultancy.

The SEBI, however, dropped proceedings against Krishnakant D Parekh, erstwhile director of Gujarat Texspin, in the matter, a SEBI release said here today.

UNI

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