Financial Daily from THE HINDU group of publications
Tuesday, Mar 16, 2004

Cross Currency

Group Sites

Markets - Regulatory Bodies & Rulings
Info-Tech - Regulatory Bodies & Rulings

Aftek promoters to move SAT over SEBI order

Our Bureau

Mumbai , March 15

THE promoters of Aftek Infosys Ltd have asked their legal advisors to move the Securities Appellate Tribunal with an appeal to set aside a recent order of the Securities and Exchange Board of India.

A news release from the company said the appeal would be against the SEBI order prohibiting the company from buying, selling or dealing in securities for a period of one year.

SEBI found the promoters guilty of violating several clauses in the SEBI regulations chiefly pertaining to the artificial increase or decrease in the prices of securities in a 1999 case that also involved the Ketan Parekh entities.

The Aftek promoters who were barred from dealing in securities are Mr Ranjit Mohan Dhuru, Mr Pramod Broota, Mr Nitin Kashinath Shukla, Mr Sandip Save, Mr Ashutosh Humnabadkar, Mr Ravindranath Umakant Malekar, Mr Mukul Suryakant Dalal and Mr Charuhas Vasant Khopkar.

More Stories on : Regulatory Bodies & Rulings | Regulatory Bodies & Rulings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Canbank MF declares dividends

LICMF plans 3 new funds
Bears go on rampage
Sensex drops 180 on bear attack
Foreign funds inflow props up HCL Infosys
Long march over?
Bombay Dyeing beats the street
ONGC: Outlook negative, buy March 760 puts
Aftek promoters to move SAT over SEBI order
Steel, auto stocks witness sharp decline
NCAER study sceptical of IPOs
68% retail investors to get IPCL allotment
ONGC cut-off price at Rs 750; mops up Rs 10,534 cr

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line