SEBI prevents four entities from accessing market

Mumbai, Sep 28 (UNI) Securities and Exchange Board of India (SEBI) has prohibited four entities from accessing market for a period of two years for violation of the Fraudulent and Unfair Trade Practices (FUTP) Regulations in the matter of Ojas Technochem Production.

The SEBI in its order said that the four entities -- Jayendra K Shukla, Alap Shukla, Vinod Shukla and Suresh K Shukla -- have been found guilty of violating the provisions of Regulation 3 of the FUTP Regulations. They have been restrained from accessing the securities market and also prohibited from buying, selling or dealing in securities either directly or indirectly for a period of two years.

The proceedings against the two entities -- Hansa Shukla and Milap Shukla -- have been disposed of, the SEBI order said.

UNI