Financial Daily from THE HINDU group of publications
Friday, May 17, 2002
Financial Daily from THE HINDU group of publications Friday, May 17, 2002 |
|
|
|
|
|
Home Page
-
Economic Offences Industry & Economy - Economic Offences Money & Banking - Govt Bonds Markets - Regulatory Bodies & Rulings SEBI bars Sheth, cos from market Our Bureau
MUMBAI, May 16 THE Securities and Exchange Board of India today barred the stockbroker, Mr Ketan Sheth, and his companies from the securities market until May 30. A SEBI release said that in view of the emergent situation in relation to the irregularities in the transactions in Government securities by Home Trade and related entities, SEBI, in exercise of powers under Section 4(3) of the SEBI Act read with Sections 11 and 11B of the Act, had advised that Mr Ketan Sheth and six of his companies shall not buy, sell or deal in the securities market. The six companies are KSC Securities Ltd (member of Pune Stock Exchange), Giltedge Credit Capital (member of NSE derivatives and cash segments), Giltedge Financial and Management Services Ltd (BSE sub-broker), Giltedge Equiderivatives Ltd (sub-broker), Giltedge Investment Banking Services Ltd (category I merchant Banker) and Giltedge Portfolio Management Services Ltd (portfolio manager). A post-decisional hearing has been given to Mr Sheth on May 27. A CBI special court had on Wednesday remanded Mr Sheth to police custody until May 27. The investigating agency has filed a case against him allegedly for cheating and fraud.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, 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
|